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 | Apr 18, 2017
AIA honors three multifamily projects with 2017 Housing Awards
Bjarke Ingels’ VIA 57 West in New York is among the winners.
Multifamily Housing | Apr 18, 2017
Hanging Gardens-inspired CLT residential development proposed for Birmingham
Garden Hill will provide an ‘oasis-like residence’ for Birmingham’s growing, multicultural student population.
3D Printing | Apr 17, 2017
The Tokyo Pod Vending Machine resembles a giant game of Tetris in the sky
The building is designed to print and dispense its own dwellings in vending machine-obsessed Tokyo.
Multifamily Housing | Apr 10, 2017
Apartment deliveries will peak by mid-2017: Axiometrics report
A total of 343,582 apartment units will come onto the market in 2017, 55.7% of which in the first half of the year.
Mixed-Use | Apr 5, 2017
SOM-designed ‘vertical village’ is Thailand’s largest private-sector development ever
60,000 people will live and work in One Bangkok when it is completed in 2025.
High-rise Construction | Apr 4, 2017
Fifth tallest tower in the world opens in Seoul with the world’s highest glass-bottomed observation deck
Lotte World Tower’s glass-bottomed observation deck allows visitors to stand 1,640 feet above ground and look straight down.
Mixed-Use | Mar 27, 2017
The Plant brings terrace-to-table living to Toronto
Curated Properties and Windmill Developments have teamed up to create a mixed-use building with food as the crux of the project.
Multifamily Housing | Mar 24, 2017
Desirable L.A. neighborhood receives new 34-unit residential building
Killefer Flammang Architects designed the urban infill project.
High-rise Construction | Mar 22, 2017
Porsche Design Tower is, unsurprisingly, a car lover’s dream
The idea behind the residential tower was to provide residents with a full single family home in the sky, complete with a private garage and pool.
Multifamily Housing | Mar 15, 2017
Amenity-packed residential building is Zaha Hadid’s only NYC project
The building sits adjacent to New York’s popular High Line park and includes a $50 million penthouse.