Dallas is getting a new 29-story office tower with ground-floor retail.

KDC and Pacific Elm Properties are collaborating on Parkside Uptown, a forthcoming mixed-use development with nearly 500,000 square feet of rentable office space and over 8,000 square feet of ground-floor retail.

Situated in the heart of Uptown on the corner of North Harwood Street and Woodall Rodgers Freeway, steps away from Klyde Warren Park, Parkside Uptown is going to be a “best-in-class workplace in an unbeatable location,” KDC Executive Vice President Eric Hage told CultureMap Dallas.

The development site, purchased by Japanese businessman Takeharu Miyama in 2006, is well-recognized in Dallas as one of the area’s most coveted undeveloped parcels of land.

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“The site is undoubtedly one of the best in all of Texas,” said Pacific Elm Properties partner Tom Dundon, per CultureMap.

Parkside Uptown is expected to attract several high-profile tenants, but Bank of America is the most prominent.

Bank of America will relocate from its office space at 901 Main St. to Parkside Uptown, where it will become the anchor tenant occupying nearly 240,000 square feet of office space. The office tower will be renamed the Bank of America Tower at Parkside once the building is completed sometime in early 2027.

“This site overlooking Klyde Warren Park, amid an abundance of walkable Uptown Dallas amenities, is an ideal space to bring our team together in a central location where they can collaborate on behalf of our clients,” Bank of America Dallas President Jennifer Chandler said to CultureMap.

“We look forward to being the signature tenant at the Bank of America Tower at Parkside as we provide a great place for our teammates to work as part of our longstanding commitment to Dallas,” she added.

In addition to generous common areas and tenant amenities, the Class A office tower features a 12th-floor Sky Lobby and Lounge, calming outdoor terraces, a fully equipped tenant-only fitness facility, and more.

The Dallas Express reached out to both Aarica Mims, senior VP and director of leasing at KDC, and Walt Mountford, KDC’s executive VP of development, but had not heard back as of press time.

“We are excited to work with KDC and the Miyama family to deliver this iconic tower for one of the world’s leading financial institutions,” said Jonas Woods, CEO of Pacific Elm Properties, per CultureMap.