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
Mixed-Use | Jul 7, 2017
ZHA’s Mandarin Oriental hotel and residences employs ‘stacked vases’ design approach
The mixed-use tower will rise 185 meters and be located in Melbourne's Central Business District.
Multifamily Housing | Jun 28, 2017
Renters don’t just want nice apartments; they want communities packed with amenities
Based on a survey from the National Apartment Association, the most popular amenities are the ones that bring the community together.
Fire and Life Safety | Jun 22, 2017
After testing, seven tower blocks found to have similar cladding as Grenfell Tower
These blocks will undergo further testing to determine if they are safe.
Multifamily Housing | Jun 20, 2017
Coliving apartments look to fill affordability and availability gaps for urban workers
One provider, Common, emphasizes community in its buildings.
Market Data | Jun 16, 2017
Residential construction was strong, but not enough, in 2016
The Joint Center for Housing Studies’ latest report expects minorities and millennials to account for the lion’s share of household formations through 2035.
Multifamily Housing | Jun 7, 2017
Jersey Strong: Local suppliers step in to help renovate a homeless shelter in the Garden State
American Standard and Philips Lighting donate products and manpower.
Resiliency | Jun 7, 2017
New disaster-resilient infrastructure building and upgrades hope to keep Haven Plaza up and running
The affordable housing complex was hit hard during Hurricane Sandy, leaving residents without electricity or water.
Multifamily Housing | Jun 7, 2017
Multifamily visionary: The life and work of architect David Baker
For 35 years, architect David Baker has been a spirited voice for affordable housing, in San Francisco and beyond.
Wood | Jun 6, 2017
Shigeru Ban-designed residential structure poised to become world’s tallest hybrid timber building
The wood, concrete, and glass building will rise approximately 233 feet when finished.
