Jonas Woods

Dallas-Based Pacific Elm Properties Buys St. Paul Place Office Tower in Downtown Arts District

by | Apr 26, 2023
Jonas Woods' Pacific Elm Properties said it has bought the 22-story St. Paul Place office tower at Ross and St. Paul in the Dallas Arts District. The purchase was financed with a $66.7 million loan from MetLife Commercial Mortgage.
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Downtown Dallas’ 60-Story Comerica Bank Tower Could Get Apartments, Hotel, Retail
The tower is the second-tallest in Dallas and was designed by noted architect Philip Johnson and his partner John Burgee. Jonas Woods' Pacific Elm Properties recently took majority ownership of the building, and plans to convert 20 floors into apartments and a luxury hotel, according to the Dallas Morning News. “We believe a mixed-use tower is much more likely to be successful today than a more than one million-square-foot office tower,” Woods told the DMN.
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The Last Word: Woods Capital’s Jonas Woods on Converting Offices Into Apartments
Writing in Texas Monthly, Glenn Hunter takes a look at how office buildings across the state are turning into luxury multifamily homes for tower dwellers, in yet another evolving trend in the future of office.
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Innovative Spaces: Turning Offices into Luxe Multifamily Residences in Dallas’ Iconic 50-Story Santander Tower
by | Jul 26, 2022
Woods Capital has selected the contractor for the high-rise project that will convert nearly a dozen floors into residential units.

The 50-story Santander Tower in downtown Dallas—formerly known as Thanksgiving Tower—is getting a mixed-use makeover, including indoor and exterior amenities. Here's a first look.
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