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Santander Tower
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.
by Quincy Preston and Lance Murray |
Nov 23, 2025
In the latest phase of Pacific Elm’s adaptive reuse of Dallas' eighth tallest office tower, conversion of five more floors will add 105 residences to the mixed-use high-rise in the city’s urban core.
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by Lance Murray |
Oct 29, 2024
A new residential Wellness Floor is located on the 33rd floor of the tower, featuring such amenities as a Pilates studio, spa-grade saunas, sports lounge, and an indoor pickleball court—said to be "the first of its kind" in a luxury high-rise.
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by David Seeley |
Jan 30, 2024
From downtown Dallas' Santander Tower, Comerica Bank Tower, and Bryan Tower to Fort Worth's Oil & Gas building, Star-Telegram Building, and the former Oncor building, office spaces across the region are being turned into apartments. Only Washington, D.C., and New York City have more such projects than DFW, according to a new report from RentCafe.
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Comerica Bank Tower in downtown Dallas. [DALLAS Commercial Real Estate file photo]
Downtown Dallas’ 60-Story Comerica Bank Tower Could Get Apartments, Hotel, Retail
by Dallas Innovates | Staff Report | Feb 3, 2023
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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by Dallas Innovates | Staff Report |
Sep 14, 2022
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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by Dallas Innovates | Staff Report |
Aug 16, 2022
Santander Tower is the eighth tallest building in Dallas, and it’s on the cutting edge of something new: converting skyscraper office space into multifamily housing through adaptive reuse.
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by Kevin Cummings |
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.
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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