Revamp, renovate, reuse. That’s been a Woods Capital mantra of late. The company has been at the forefront of converting office buildings into hotels or multifamily communities, and is ready to invest in another one. The company is pledging $10 million to upgrade Bryan Tower, a 40-story downtown Dallas property with over a million square feet that it bought last year.

Woods Capital aims to renovate the ground floor, second floor, elevator cabs, and site as part of a historic adaptive reuse project. The Dallas Business Journal says the work schedule is targeted to commence in September 2023 with a completion date of August 2024. 

Constructed in 1973, Woods Capital plans on adding 425 residential units to the recognizable tower.

The company recently turned around Santander Tower by adding 64 luxury hotel rooms and 220 residential units to the building. The company also will transform Comerica Bank Tower into a mixed-use development featuring 150 hotel rooms and 230 residential units