Dallas Tower to Convert Offices Into Apartments, Hotel
Office-to-Residential Conversion Wave Amid a sweeping change gripping urban environments across the nation, Dallas stands at the forefront of a significant office-to-residential conversion wave. Central to this movement is the Cityplace Tower, where NexPoint, a distinguished Dallas-based developer, orchestrates a substantial conversion project. The developer has earmarked $61.5 million to revitalize eight floors of this 42-story skyscraper, underscoring an urban development strategy that seeks to rejuvenate underutilized office spaces. The Cityplace Tower conversion is emblematic of a broader trend permeating urban settings — an effort aimed at office revitalization. As cities grapple with the enduring impact of the pandemic, which has left many office spaces dormant, converting these buildings into residential units serves as a practical solution. By targeting completion by 2025, NexPoint aligns itself with a national movement projected to add 71,000 units by the same year, according ...