Developers are set to break ground on the long-awaited Bank of America Tower in Uptown Dallas.

The 30-story tower will break ground on Thursday at the northwest corner of Harwood Street and Woodall Rodgers Freeway, steps away from Klyde Warren Park, The Dallas Morning News reported.

The office high-rise will be part of 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, as previously reported by The Dallas Express.

KDC and Pacific Elm Properties are the project’s developers, with Dallas-based architecture firms Corgan and OJB Landscape Architecture designing the project.

The land is operated by an affiliate of Miyama USA Texas, which is owned by the family of Japanese businessman Takeharu Miyama, per a KDC news release.

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“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 Pacific Elm Properties CEO Jonas Woods in the release. 

“With KPF’s design, luxury amenities, and incredible location, this asset will undoubtedly establish the new standard for office space in Uptown Dallas,” he added.

The Class A office tower will feature a 12th-floor sky lobby and lounge, terraces, a tenant-only fitness facility, and more. The building is projected to be completed in the first half of 2027. 

Once complete, Bank of America will become the signature tenant, occupying roughly 238,000 square feet of space. Upon move-in, the tower will be officially known as Bank of America Tower at Parkside.

“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,” Bank of America Dallas President Jennifer Chandler told CultureMap Dallas. 

“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,” Chandler added.

According to Pacific Elm Properties partner Tom Dundon, the development site is highly coveted.

“The site is undoubtedly one of the best in all of Texas,” Dundon said.

The project was able to advance, despite some of the delays and permitting issues some developers continue to experience working with the Development Services Department under City Manager T.C. Broadnax, as previously reported by The Dallas Express.