DALLAS – More vacant office space has been turned into residential space, with 11 floors of a 50-story downtown office tower finishing an $18 million redevelopment.
Santander Tower has added 228 units, a lounge, common room, pool, outdoor patios, amenity areas on the 25th and 29th floors, and rentable offices. The Perido apartments, as they’re called, range from 600 to 1,550 sf for one- and two- bedrooms, respectively, and monthly rent starts at $2,100.
Mintwood Real Estate partnered with owner Pacific Elm Properties for the redevelopment. WDG Architecture did the conversion design. Adolfson & Peterson was the general contractor. Swoon designed the interiors.
According to CBRE, there have been 100 office conversion projects nationwide this year.
To read more about office-to-residential conversions, read the Texas Real Estate Research Center’s article, “A Towering Task: Logistical Challenges of Office-to-Residential Conversions.”