An iconic downtown high-rise is planning to transform a few of its workplace house into residences: Santander Tower, the building at 1601 Elm St. that was beforehand referred to as Thanksgiving Tower, goes to be reworked into residences.
According to a launch, building proprietor Woods Capital has employed Adolfson & Peterson Construction (AP), a family-owned building administration and contracting firm, to do a multifamily adaptive reuse of the 50-story tower.
AP will associate with Woods Capital and Dallas-based developer Mintwood Real Estate to transform a number of flooring within the 1.4 million-square-foot downtown building into 228 multifamily items, together with amenity areas.
The workplace building underwent a $40 million renovation in 2017, and its tenant checklist is anchored by Santander Consumer USA. It has a helipad, and a two-story resort on the highest two flooring referred to as The Guild, with charges that vary from $139 to $198 an evening.
The conversion will start in summer season 2022 with renovations on the primary ground in addition to flooring 18-25 and 37-39.
Dallas-based architect WDG designed the multifamily items and indoor facilities.
Swoon offered inside design providers.
TBG Partners designed the outside facilities.
The undertaking is ready for completion in fall 2023.
Thanksgiving Tower is the eighth-tallest building in Dallas though when it was in-built 1982, it was the second tallest building. It was renamed Santander after its essential tenant in 2020. It’s a shiny, glassy monolith, throughout from Thanks-Giving Square, behind The Eye, and a block away from Belse, the acclaimed vegan restaurant.
AP’s Gulf States regional president Will Pender says in a press release that they are exhilarated to be concerned within the undertaking. Bonus factors for “exhilarated,” a lot better than the standard “thrilled.”
“Adaptive reuse is an exhilarating development in at this time’s actual property trade,” Pender says. “This is an thrilling improvement for the Dallas Central Business District, which is ripe for office-to-residential conversions.”
The undertaking will function one- and two-bedroom unit floorplans.
Project facilities embody a swimming pool, canine park, health room, frequent gathering areas, and a gathering house that includes a kitchen for entertaining.
Mintwood Real Estate CEO Katy Slade notes that the building will include some good views.
“Converting high-rise workplace flooring to residences within the Dallas CBD gives much-needed housing – and the views are stellar,” Slade says.
Woods Capital beforehand invested greater than $40 million in Santander Tower to replace all building programs, refurbish frequent areas, add an government health middle, and renovate the foyer and plaza. The mixed-use tower options workplace house, a number of on-site eating choices together with a personal eating membership and a boutique resort.
“We are excited to see this undertaking come to life and convey extra housing choices to the city core. By changing vacant workplace house into luxurious, multifamily housing, we will create a extra vibrant, mixed-use neighborhood and meet the rising demand brought on by migration to the world,” says Woods Capital founder, president, and CEO Jonas Woods.
https://dallas.culturemap.com/news/real-estate/07-25-22-santander-tower-1601-elm-thanksgiving/
