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Bye-Bye, Dubai. Nighty Night, New York.

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But 15 months ago, Icon Partners issued a breathless press release announcing a 3.7-million square foot development to be dropped at the intersection of  LBJ Freeway and the Dallas North Tollway. Called Icon Midtown, it was to be a gleaming, crowded city unto itself, a miniature Manhattan featuring five enormous blocks' worth of bakeries and delis and groceries and restaurants and shops and a movie theater; a hotel tower surrounded by sculpture gardens and art parks; and apartments populated by residents who'd never have to leave their freshly built neighborhood. And capping it off: a shimmering 34-story office tower designed by the man responsible for Dubai's Infinity Tower.

Said Icon Partners president Paris Rutherford, "Midtown will be Dallas's first family-friendly, mixed-use walking district featuring Main Street architecture and lushly landscaped streetscapes. It will be the place in North Dallas where people will come to walk, shop and just spend time hanging out."

But it wasn't meant to be: The 20 acres near the Galleria Dallas is in foreclosure now, $18 million in the red. Unfair Park's calls to Icon have gone unanswered, but the company is (was?) also behind the mixed-use development in the Mercer Crossing area of Farmers Branch, where Icon promises a "one-of-a-kind lake and fountain show larger than the famed Bellagio fountains in Las Vegas." Because, well, why not?

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

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Join the Observer community and help support independent local journalism in Dallas.