The company behind the office-to-residential conversion of Dallas’ Santander Tower says the refresh is now complete.
Adolfson & Peterson Construction, a family-owned construction management and contracting company, says they have wrapped up the conversion of the iconic 50-story skyscraper located in downtown Dallas. The owner, Dallas-based Pacific Elm Properties, also leveraged the help of three local firms: WDG Architecture, Swoon the Studio LLC, and Mintwood Real Estate.
Pacific Elm invested more than $40 million to help bring the conversion of the building formerly known as Thanksgiving Tower to reality. The investment helped cover updating all building systems, refreshing common areas, and reconfiguring the tower into a mixed-use space with a residential component, a boutique hotel, and even on-site dining options.
As previously reported in The Dallas Express, office-to-residential conversions increased after the onset of the COVID-19 pandemic, with many people working remotely. At the same time, a growing North Texas population further heightened the demand for housing, encouraging conversions.
“Building on the existing success of Santander Tower, we are honored to have partnered with Pacific Elm, AP and many more to bring this project to completion,” said Katy Slade, principal and founder of Mintwood Real Estate, per CommercialCafe.
“This development sets a new standard for mixed-use spaces, offering a seamless blend of innovative residential units, exceptional amenities, and curated retail and restaurant experiences. Our goal was to create a vibrant, urban community where residents and visitors alike can connect, work, and live in a dynamic and inspiring environment.”
A wellness center on the 33rd floor of the building offers residents a Pilates studio, saunas, a sports lounge, and even an indoor pickleball court. The tower also boasts a meeting area complete with a kitchen for hosting events.
“Downtown Dallas is undergoing an impressive revival, led by projects like the adaptive reuse of Santander Tower… With recent developments like the AT&T Discovery District and the new convention center, people are returning to live, work, and play in the city’s heart, said Will Pender, regional president at Adolfson & Peterson.
In 2023, Dallas ranked as one of the leading cities in the United States for conversions. At the time, 2,939 units were targeted to be added to the city’s apartment supply through adaptive reuse projects, the sixth highest in the nation.