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Cityplace Tower converting to apartments

DALLAS – A 42-story office tower is converting its office space into apartments and adding a hotel and conference center.

The 1.35 million-sf Cityplace Tower will convert floors 34 to 41 to 98 Class A units for $61.5 million. It will also build a $136.2 million five-star InterContinental Hotel. 

Construction will be complete in early 2025.

NexPoint Diversified Real Estate Trust purchased the 35-year-old tower in 2018 for $195.75 million.

To read more on office-to-residential conversions, read “A Towering Task: Logistical Challenges of Office-to-Residential Conversions.”

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