detailed the changes<\/a> Monday.<\/p>\nD-FW Real Estate News<\/p>\n
Get the latest real estate news you need to know.<\/p>\n
![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/V7ISP7FSLNFBFE36O7BTRXYKKQ.jpg\")
<\/p>\n
A rendering shows the layout of some of the proposed changes to Comerica Bank Tower.<\/p>\n
Slate Asset Management\/HKS<\/p>\n
The building is only half-full, said Ramsey March, executive managing director with Stream. But those numbers could drop to around 15% to 20% over the next five years if nothing is done to rehabilitate the property.<\/p>\n
\u201cThis building was built as a fortress,\u201d March said, according to the request of the original owner, Momentum Bank. <\/p>\n
March drew on Stream\u2019s experience redeveloping Trammel Crow Center \u2014 often lauded as one of the most successful properties in downtown Dallas \u2014 which presented similar challenges. <\/p>\n
\u201cWhat we did was turn that building inside out and brought retail to Ross Avenue,\u201d he said.<\/p>\n
Lastly, there are only around 700 parking spaces serving the 1.6 million square foot building, March said, noting that has always been an Achilles\u2019 heel of the property.<\/p>\n
To address those issues, the redevelopment plans for the tower begin with 10,000 square feet of retail followed by several amenity floors, followed by a 242-key hotel beginning on the ninth floor.<\/p>\n
\u201cWe are close to a term sheet with a very prominent luxury category hotel,\u201d March said. <\/p>\n
Next, beginning on Floor 19 and taking up the lion\u2019s share of the building\u2019s footprint, will be nearly 600,000 square feet of office space.<\/p>\n
\u201cTo be successful downtown, you need to make sure your blocks of space don\u2019t reside at the lowest floor of the building,\u201d March said. <\/p>\n
The building will be crowned by 240 residential units.<\/p>\n
\u201cWe\u2019ve committed to 10% affordability on those,\u201d March said, noting the apartments will offer the highest, most prominent views of downtown Dallas.<\/p>\n
![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/BQ4X7Q6E4ZE4HLZUADFMLENVPU.jpg\")
<\/p>\n
A rendering shows the proposed parking structure addition to Comerica Bank Tower that would face Ervay Street in downtown Dallas.<\/p>\n
Slate Asset Management\/HKS<\/p>\n
\u201cWith all respect to Fountain Place,\u201d he said.<\/p>\n
All told, the developers are planning to repurpose around 1 million of the building\u2019s 1.6 million square feet.<\/p>\n
What sparked most concern with the city panel \u2014 which only serves as an advisory body to both developers and city staff \u2014 were the plans for Comerica Tower\u2019s lower floors.<\/p>\n
These include removing the banking hall and plaza in front of the tower along Ervay Street for a parking garage, adding nearly 450 more parking spaces and serving as a \u201cpodium\u201d, according to the developer, supporting the amenity floors and topped with a banquet hall. <\/p>\n
Those plans would cause the building\u2019s appearance to clash with surrounding historic buildings like the Wilson Building and Neiman Marcus, panelists complained.<\/p>\n
\u201cWhile it may solve the parking issues, it will very likely not help everything around it,\u201d one panelist said, noting it would create a large blank facade around the property. <\/p>\n
Safety issues surrounding plans to increase points of entry into the property also arose.<\/p>\n
Panelists also challenged the plans presented to effectively mitigate the current unused areas around the base of the property. <\/p>\n
\u201cWe are working through the redevelopment process that will transform Comerica Bank Tower into a mixed-use destination,\u201d Brendan Shanahan, managing director at Slate Asset Management, said in a statement. <\/p>\n
Shanahan noted the design presented to the city panel as a preliminary vision and will continue to be refined.<\/p>\n","protected":false},"excerpt":{"rendered":"One of Dallas\u2019 most ambitious projects is slowly coming to life. Earlier this month, Slate Asset Management and…\n","protected":false},"author":3,"featured_media":109822,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5135],"tags":[5229,347,12611,1596,14052,4329,10204,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-109821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-america","9":"tag-article","10":"tag-commercial-real-estate","11":"tag-dallas","12":"tag-downtown-dallas","13":"tag-real-estate","14":"tag-residential-real-estate","15":"tag-texas","16":"tag-tx","17":"tag-united-states","18":"tag-united-states-of-america","19":"tag-unitedstates","20":"tag-unitedstatesofamerica","21":"tag-us","22":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114952659407468469","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/109821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=109821"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/109821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/109822"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=109821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=109821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=109821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}