After a decade of starts and stops, the 1.5 million-sf First National Bank Towerâwhich occupies the largest vacant block in the core of downtown Dallasâis to be redeveloped. Todd Interests is the new developer. Andres Construction Services is the GC. Merriman Anderson Architects is the design firm.
Work on the 52-story tower at 1401 Elm Street quietly began ramping back up in recent days, while the deal with Todd Interests was still being ironed out. Thatâs because the project must hit a completion target of year-end 2020 to qualify for millions in entitlements.
According to a May 8, 2019, report by Jeremiah Jensen in Commercial Real Estate, the redevelopment will focus on four uses: apartments, hotel, restaurants, and retail. A 200-room hotel, which will serve as a Texas flagship for Thompson Hotels, is scheduled to open in September 2020. The residential component will feature 318 luxury apartments, including some on the 48th floorâthe highest in downtown Dallas.
The landmark tower has been vacant for a decade, according to a report by Steve Brown, RE Editor of the Dallas News. Todd Interests is the fifth owner to tackle redevelopment of the 1960s office tower, which is the largest empty building downtown.
Related Stories
High-rise Construction | Apr 16, 2015
Construction begins on Seattle's Tibet-inspired Potala Tower
Construction on the 41-story Potala Tower in Seattle finally kicked off following a ground-breaking ceremony seven months ago.
Hotel Facilities | Apr 13, 2015
Figure-eight shaped hotel to open around PyeongChang 2018 Winter Olympics Facility
Just three miles away from the Olympic stadiums, the hotel will be a hub of its own.
Multifamily Housing | Apr 9, 2015
Multifamily development and transactions havenât taken a breather yet
Despite predictions about an impending softening in multifamily construction, builders and developers continue to expand their market reach and portfolios.Â
Multifamily Housing | Apr 8, 2015
Roof air leakage issues in multifamily buildings isnât just 'hot air' talk
Paladino's Robert Hayes talks about venting regulations in New York and how air leaks can cost residents upwards of $3,000 a year.
Mixed-Use | Apr 7, 2015
$100 billion 'city from scratch' taking shape in Saudi Arabia
The new King Abdullah Economic City was conceived to diversify the kingdom's oil-dependent economy by focusing more in its shipping industry.
High-rise Construction | Apr 6, 2015
Melbourne tower will light up depending on weather
The tower will be illuminated by 164-foot-tall beams of LED light based on weather updates from the Bureau of Meteorology.Â
Multifamily Housing | Apr 2, 2015
Historic Cabrini Green church to be demolished for tech-focused multifamily development
The infamous neighborhoodâs Saint Dominicâs Church âwas instrumental in taming a part of the city that grew up from the swamps as a lawless district of vice and poverty,â according to the Chicago Architecture blog.
Modular Building | Mar 31, 2015
Phoenix apartment complex will be made from recycled shipping containers
The eight-unit complex, called Containers on Grand, was inspired by the need for affordable and sustainable housing near the city's core.
Multifamily Housing | Mar 31, 2015
Plans for a new condo tower in New York create a âcommunal ecosystemâ for residents
The conceptual plans for a 700-foot-tall, 65-story condominium tower in New York City were unveiled in early March by its architect, Perkins+Will.
Multifamily Housing | Mar 27, 2015
Bathroom fixtures get a starchitect makeover by Bjarke Ingels
This Danish starchitect elevates the toilet paper holder (and other bathroom accessories).