After a decade of starts and stops, the 1.5 million-sf First National Bank Tower—which occupies the largest vacant block in the core of downtown Dallas—is 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. That’s 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 floor—the 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
Multifamily Housing | Feb 21, 2021
Multifamily Amenities Survey 2021: Early results show COVID-19 impact on apartment amenities
Survey of multifamily developers, owners, architects, and contractors shows many adjusting their amenities to deal with the impact of the pandemic on property occupiers.
Multifamily Housing | Feb 19, 2021
Former motorcycle factory converted into affordable housing
The Architectural Team designed the project.
Multifamily Housing | Feb 12, 2021
Benefits of a factory-installed ceiling radiation damper explained
Greenheck applications engineer Craig Kulski explains the benefits of a factory-installed ceiling radiation damper.
Multifamily Housing | Feb 10, 2021
The Weekly show, Feb 11, 2021: Advances in fire protection engineering, and installing EV ports in multifamily housing
This week on The Weekly show, BD+C editors speak with AEC industry leaders from Bozzuto Management Company and Goldman Copeland about advice on installing EV ports in multifamily housing, and advances in fire protection engineering.
Multifamily Housing | Feb 10, 2021
10 significant multifamily developments to open in late 2020 and early 2021
Seattle's new twisting condo tower and Rem Koolhaas's first residential building are among 10 notable multifamily housing projects to debut in late 2020 and early 2021.
Multifamily Housing | Feb 8, 2021
Vista Railing Systems expands its senior management team
Chris Dooley and Tom Killy join Vista Railings, the British Columbia manufacturer of commercial/multifamily railings.
Multifamily Housing | Feb 8, 2021
Veterans Village supplies 51 units of supportive housing for U.S. military veterans in Carson, Calif.
Withee Malcolm Architects designed the supportive housing community for developer Thomas Safran & Associates.
Multifamily Housing | Feb 2, 2021
Tahanan supportive housing development brings 145 apartments to San Francisco
David Baker Architects designed the project.
AEC Tech | Jan 28, 2021
The Weekly show, Jan 28, 2021: Generative design tools for feasibility studies, and landscape design trends in the built environment
This week on The Weekly show, BD+C editors speak with AEC industry leaders from Studio-MLA and TestFit about landscape design trends in the built environment, and how AEC teams and real estate developers can improve real estate feasibility studies with real-time generative design.
Multifamily Housing | Jan 27, 2021
2021 multifamily housing outlook: Dallas, Miami, D.C., will lead apartment completions
In its latest outlook report for the multifamily rental market, Yardi Matrix outlined several reasons for hope for a solid recovery for the multifamily housing sector in 2021, especially during the second half of the year.