DALLAS — Stream Realty Partners and J.P. Morgan Asset Management have unveiled plans for the $135 million renovation and expansion of Trammell Crow Center in Dallas. This will be the first major renovation of the office tower in 32 years. The building, located at 2001 Ross Ave., will be transformed into a mixed-use property.
The redevelopment of the 1.2 million-square-foot office tower will include enhancements to the building’s interior lobby, lower exterior and plaza. A ground-up, mixed-use development on an adjacent 2.66-acre site will be anchored by more than 26,000 square feet of restaurant-driven retail space and a parking facility. The transformation of the Dallas landmark will collectively total five acres.
The redesign will also focus on expanding the building’s on-site amenities to include a new 3,000-square-foot tenant lounge, an expanded, 9,000-square-foot athletic club and a 9,000-square-foot conference center located on the second floor.
The most notable change for the building will consist of a new 50-by-80-foot glass and metal façade below the third floor, which will extend out to Ross Avenue. A similar glass entry will be featured at the Flora Street entrance, and the ground floor of the Olive and Harwood Street corners will extend towards Ross Avenue to create additional restaurant space.
The office building is currently 92 percent leased with space options ranging in size from 1,800 to 260,000 square feet. Ramsey March, Sara Terry and Scott Sowanick of Stream will continue to represent leasing of the 50-story office tower. Institutional investors advised by J.P. Morgan own Trammell Crow Center and the adjacent development site.
Stream and J.P. Morgan worked with architect HOK on the tower’s redesign. Dallas-based HKS designed the mixed-use project on Ross Avenue. Construction of both projects will commence this month with completion slated for the fall of 2018.
—Kristin Hiller