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The Peridot Lounge inside Peridot Residences, part of the ongoing adaptive reuse of Dallas’ Santander Tower as office floors are converted into residential space in the city’s urban core. [Photo: Adolfson & Peterson]
Dallas Ranks as a National Leader in Building-to-Apartment Conversions
by Lance Murray | Dec 26, 2025
A RentCafe report finds three major adaptive reuse projects completed last year, including the $40 million office-to-residential conversion inside Dallas’ 50-story Santander Tower that created 291 Peridot Residences apartments downtown. Nearly 3,000 more units are in the city’s redevelopment pipeline, according to the study.
