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Another Dallas Office Highrise Converting Space to Apartment/Hotel Units
The Santander Tower recently made a splash when it converted 11 stories of its 50 floors into apartment units. The Bryan Tower and Comerica Bank Tower downtown are undergoing similar renovations. And now, another Dallas skyscraper plans to convert vacant office space into apartments and hotel rooms.
The Dallas News reports the 42-story Cityplace Tower will soon be similarly revamped. Only about 60% of the office space in the building is occupied. The owner of the building, NexPoint, is renovating the 1.35 million square foot high-rise. They are adding 98 rental units, a 222-room hotel and a conference center. The building, built in 1988, is expected to be entirely renovated by the first quarter of 2025. The rental conversion is expected to cost $61.5 million. Construction of the new hotel is expected to cost $136.2 million.
NexPoint recently created a new headquarters for Dallas retailer Neiman Marcus within the building, occupying three floors.
- ◦Development
