Construction Complete on Office-to-Residential Conversion in Downtown Dallas

[ad_1] In keeping with current statements launched by family-owned development administration and contracting firm Adolfson & Peterson Building, work is now full on the office-to-residential conversion on the iconic Santander Tower in Dallas.

The proprietor of the 50-story downtown skyscraper, Dallas-based Pacific Elm Properties, aimed to construct upon the prevailing success of the property and set a brand new normal for mixed-use areas. Pacific Elm Properties’ collaborators on this adaptive-reuse redevelopment additionally included Dallas-based WDG Structure for design of the mission, native Swoon the Studio LLC for inside design, and native developer Mintwood Actual Property.

Positioned at 1601 Elm St., Santander Tower rises within the coronary heart of the historic Dallas Primary Avenue District. Possession invested greater than $40 million into updating all constructing methods; refurbishing widespread areas; and creating a real vertical mixed-use growth that features on-site eating choices, a boutique resort and residential transformation.

“Constructing on the prevailing success of Santander Tower, we're honored to have partnered with Pacific Elm, AP and lots of extra to deliver this mission to completion,” stated Katy Slade, principal and founding father of Mintwood Actual Property. “This growth units a brand new normal for mixed-use areas, providing a seamless mix of modern residential items, distinctive facilities, and curated retail and restaurant experiences. Our aim was to create a vibrant, city group the place residents and guests alike can join, work, and dwell in a dynamic and provoking setting.”

Work started on the mission in 2022 to create 291 multifamily items throughout 14 flooring of former workplace house. The completion of section one delivers a collection of one- and two-bedroom items designed to supply a contemporary dwelling expertise. Facilities embrace a Wellness Flooring that’s situated on the constructing’s thirty third and incorporates a Pilates studio, spa-grade saunas, a sports activities lounge, and an indoor pickleball courtroom — the primary of its variety in a luxurious high-rise. The constructing additionally features a spacious assembly space with a kitchen for social gatherings and occasions.

“Downtown Dallas is present process a formidable revival, led by initiatives just like the adaptive reuse of Santander Tower,” stated Will Pender, regional president at Adolfson & Peterson Building. “With current developments just like the AT&T Discovery District and the brand new conference heart, individuals are returning to dwell, work, and play within the metropolis’s coronary heart.”

Lately, adaptive reuse has surged throughout the nation, respiration new life into architecturally vital and underused properties. Initially accomplished within the early Nineteen Eighties, Santander Tower was beforehand utterly renovated in 2017 and supplied greater than 1 million sq. toes of LEED Silver-certified rentable workplace house in downtown Dallas with flooring plates starting from 26,000 to just about 29,400 sq. toes.

Notably, Dallas ranked 18th among the many prime U.S. cities for workplace conversion with practically 1 million sq. toes of workplace house rated within the prime tier for feasibility of conversion to residential use, in addition to roughly 500 million sq. toes within the subsequent tier down.

“Along with considerate planning and creativity, adapting parts of Santander Tower for residential use required shut collaboration with AP, the shopper, and design consultants,” stated Robyn Jacobson, managing principal at WDG Structure. “We’re thrilled with the consequence and grateful for the chance to contribute to such a major mission.”

Blended-use and workplace house in downtown Dallas on the Santander Tower on Elm Avenue. Property picture courtesy of CommercialEdge.com.

Should you’re trying to lease workplace house in Dallas or different sizzling markets within the area, head over to the CommercialCafe.com homepage to start out your search!