Dallas $433M Office Tower Hits Major Milestone

What Milestone Did 23Springs Reach?

In October 2024, 23Springs topped out, marking the completion of its structural frame at full height.

The topping out milestone meant the development had reached its maximum structural elevation, a standard but significant point in high-rise construction.

Announced by Granite Properties and Highwoods Properties, the milestone confirmed the 26-story office tower had risen to its final structural level.

At that stage, 23Springs was described as a 642,000-square-foot mixed-use development with a Class-AA office tower, two restaurant buildings, and a half-acre park.

The structural completion also carried skyline significance.

Granite and later reporting identified 23Springs as Uptown Dallas’ tallest tower after reaching this point.

The milestone also came as Dallas was advancing broader infrastructure improvements tied to major statewide and regional investment plans.

At the time of topping out, the project was reported to be 60 percent leased.

Construction had begun in 2022, making the October 2024 achievement a major step toward final delivery.

What Is 23Springs in Uptown Dallas?

After reaching its full structural height, 23Springs stands as a Class AA mixed-use office development at 2323 Cedar Springs Road in Uptown Dallas. It sits near the intersection of Cedar Springs and Maple Avenue.

Developed by Granite Properties with Highwoods Properties, 23Springs is a 26-story tower positioned as an urban landmark. It is also Uptown’s tallest office building.

The project replaces a former low-rise office site. It advances workplace innovation through design, natural light, walkability, and community connection.

As Uptown Dallas shows positive net absorption, projects like 23Springs reflect growing tenant demand for premium Class A office experiences.

Location: Heart of Uptown Dallas

Scale: About 625,000 square feet

Its broader mixed-use setting includes restaurant buildings and a half-acre park. Together, these elements help reinforce a pedestrian-friendly district.

With access to major Dallas neighborhoods and highways, 23Springs is intended to anchor a highly connected destination in Uptown.

What’s Inside the $433M 23Springs Tower?

Behind its newly topped-out frame, 23Springs concentrates 625,000 square feet of Class AA office space within a 26-story, 641,563-square-foot tower engineered for premium workplace use.

A seven-story structural core anchors floorplates shaped for efficiency, while a double-brace system enables columnless corner offices.

Workspaces are defined by high ceiling views, abundant daylight, and broad city outlooks designed to elevate daily occupancy conditions.

Amenity and Access Systems

Inside, a two-story lobby pairs a coffee and wine bar with a large interactive video wall.

An indoor lounge adds a golf simulator, while an AV-equipped conference center connects to an outdoor lounge.

A 4,500-square-foot fitness studio includes premium equipment and spa facilities.

Below grade, six parking levels hold 1,582 vehicles with three access points and continuous security monitoring.

Who Has Leased Space at 23Springs?

Leasing activity at 23Springs has been led by a roster of major financial and legal tenants, with Bank OZK, Sidley Austin LLP, and Deloitte establishing the tower’s early anchor base.

Bank OZK was the first tenant and took five floors. Sidley Austin leased 118,484 square feet across four-and-a-half floors.

Deloitte committed about 104,000 square feet on four floors. These deals underscored demand from law firms and financial firms.

New Signings

Later additions broadened the roster. UBS leased 26,537 square feet on the 20th floor for a summer 2026 move.

Stonelake Capital Partners signed for 16,008 square feet on the 9th floor. A confidential tenant leased 22,099 square feet on the 10th floor.

Savills also took 10,000 square feet on the 14th floor, adding another advisory tenant to the building.

What Does 23Springs Mean for Dallas Office Demand?

In one of the clearest signals from Dallas’ unsettled office market, 23Springs points to continued demand for top-tier space in premier submarkets.

The Uptown/Turtle Creek tower moved from 56% leased in June 2024 to about 74% leased within a year of completion. That pace suggests newer, amenity-rich buildings can still win commitments even as broader office conditions remain cautious.

What It Signals

The project reflects urban flight toward well-connected districts with walkable restaurants, retail, and central access.

It also highlights tenant clustering in benchmark locations where employers see greater value in premium environments.

With DFW construction falling to 1.7 million square feet, the lowest since 2013, 23Springs also shows that select new supply can be absorbed.

Its pre-opening 63% lease rate indicates meaningful demand across users seeking 5,000 to 100,000 square feet.

Assessment

23Springs reaching its topping-out marks a critical step for one of Dallas’ most closely watched office developments.

The $433 million tower advances at a time when office markets remain under pressure, sharpening attention on leasing performance and tenant demand in Uptown.

With major amenities, premium space, and early leasing activity, the project signals that selective demand for high-end workplaces persists.

Its progress underscores both the risks and resilience shaping Dallas’ evolving office sector.

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