Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Dallas-Fort Worth  + Apartments  | 
Dallas Santander Office tower to get partial apartment conversion

Dallas Thanksgiving Tower to Undergo Major Conversion

Even though it was built in 1982, the Thanksgiving Tower is still in the top 10 of Dallas’s tallest buildings. Now known as the Santander Tower, the owners of the 50-story tower are exchanging office space for 228 multifamily units.

Building owner Woods Capital has hired Adolfson & Peterson (AP) to do the adaptive reuse of 10 of the 50 floors. AP’s Will Pender could hardly contain himself, “Adaptive reuse is a thrilling trend in today’s real estate industry. This is an exciting development for the Dallas Central Business District, which is ripe for office-to-residential conversions.”

The conversion will begin later this summer. The mixed-use tower still features office space, multiple on-site dining options including a private dining club and a boutique hotel which is on the top two floors.


Inside The Story

Will Pender

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • Driftwood Apartments

    Corpus Christi, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Call for offers
    No. of Units:101
    Average Occupancy:8
    Year Built:1948
    Lot Size:57239 Acres
    Opportunity Zone:Yes
    Price per unit:$61,386
    Learn More
  • Sunridge Villas

    Houston, 0Texas + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:20
    Cap Rate:8.01
    Opportunity Zone:No
    Price per unit:$70,000
    Learn More
  • ◦Development
New call-to-action
New call-to-action