Woods Capital

Report: Dallas Metro Is No. 3 in the Nation for Office-to-Apartments Conversions

by | 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.
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.
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.
The Last Word: AP’s Will Pender on the Santander Tower Multifamily Reuse Project
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.

Metro Dallas Homeless Alliance Raises $10M for Historic ‘Rapid Rehousing’ Program

by | Oct 18, 2021
The private donations by local companies and foundations are for the Dallas R.E.A.L. Time Rapid Rehousing initiative. Its goal: house more than 2,700 homeless people and families over the next two years. The $10M in private funds will complement $62M in federal funds allocated by local governments and DHA, the North Texas housing authority.