Another downtown Dallas skyscraper is looking to add apartments to its mix—and this one’s a whopper.
The 60-story Comerica Bank Tower could have 20 of its office-space floors converted into apartments and a luxury hotel, according to a report by Steve Brown in the Dallas Morning News.
Designed by noted architect Philip Johnson and his partner John Burgee, the tower is the second-tallest in Dallas with a height of 787 feet. It currently has one and half million square feet of office space.
“We believe a mixed-use tower is much more likely to be successful today than a more than one million-square-foot office tower,” Jonas Woods, founder and CEO of Woods Capital and Pacific Elm Properties, told the DMN. “Our development projects are all a combination of office, residential, hospitality, and food and beverage. We think there is a very interesting opportunity to convert a large portion of Comerica Tower into a luxury hotel.”
Pacific Elm Properties acquired majority ownership of the tower earlier this month, the DMN noted, and is in talks with “several hotel operators” about partnering on the luxury hotel portion of the project.
Woods is already doing a residential conversion at Santander Tower
As we wrote last July, Woods’ company is already doing a similar partial residential conversion to another iconic downtown Dallas skyscraper: the 50-story Santander Tower, which opened in 1982 as Thanksgiving Tower.
Almost a dozen floors of office space in Santander Tower are being converted into nearly 300 apartments plus amenity spaces, part of a continuing trend in the downtown area.
“We’re excited to see this project come to life and bring more housing options to the urban core,” Woods said in July. “By converting vacant office space into luxury, multifamily housing, we can create a more vibrant, mixed-use neighborhood.”
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