Converting offices into apartments is a growing trend in North Texas, and now that’s coming to a signature office tower just north of downtown Dallas, along with a hotel and conference center conversion previously announced in 2020.

According to the Dallas Morning News’ Steve Brown, Dallas-based NexPoint plans to convert eight floors of the 42-story Cityplace Tower into rental apartments at a cost of $61.5 million. That will be in addition NexPoint’s development of a  222-room hotel and conference center at Cityplace, a $136.2 million project that was announced in 2020 but delayed by the pandemic.

Citing a recent investor presentation made by NexPoint, the DMN reports that “98 high-end class A multifamily units” will be developed on floors 34 to 41 of the tower—with completion of both the hotel and apartments slated for Q1 2025. 

NexPoint bought Cityplace in 2018.

Cityplace is home to Neiman Marcus Group’s recently opened three-floor corporate hub, which we told you about in our Innovative Spaces story in June. 

You can read the DMN story here.

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Texas Research Quarter rendering: Exterior east entry of former EDS headquarters building. [Image: NexPoint]

NexPoint Unveils Plans for Massive ‘Texas Research Quarter” Life Sciences District in Plano

NexPoint plans to transform the former EDS headquarters into a new life sciences-focused district named the Texas Research Quarter. The adaptive reuse project will convert its 200-acre campus into a 4 million square foot multi-use development centered around lab space. In mid-July, the project gained approval from Plano’s planning and zoning commission, reports Bisnow, marking a step forward in the redevelopment of the site. Get a first look here. 

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