Dallas’ Chase Tower to be renamed Dallas Arts Tower; lobby renovations planned with addition of art gallery and two restaurants

A 55-story skyscraper adjacent to Dallas’ Arts District will soon undergo another multi-million-dollar makeover that includes a new name, reimagined lobby, and the addition of two restaurants.

2200 Ross Ave., formerly known as Chase Tower, will be rebranded as Dallas Arts Tower. Owner Fortis Property Group worked with professionals from Stream Realty Partners to strategically select a new moniker that pays tribute to the surrounding neighborhood and amplifies the district’s mission to unify culture and commerce in one dynamic destination. Stream, a national commercial real estate firm headquartered in Dallas and offering an integrated platform of services, leases the office building. Executive Vice President and Partner J.J. Leonard and Managing Director Matt Wieser are the leasing agents for the building’s 1.25 million square feet of office space.

While the landmark building is a work of art designed by architect Richard Keating, its lobby will soon become a masterpiece for tenants and visitors alike. New York-based Fortis plans to add an art gallery displaying pieces from local artists and commission art installations throughout other public spaces. New lighting and flooring will help showcase the artwork. Elevator cabs also will receive a refresh. Construction for the lobby and restaurants is expected to start in late summer, with a 2024 completion. Dallas-based ENTOS Design is working with restaurant architect 75 Degree Design Studio of Dallas on the common area improvements.

Two new restaurants will be constructed in conjunction with the lobby renovations. Dallas-based hospitality powerhouse Milkshake Concepts has been awarded space in the lobby and The Rotunda to launch two eateries that will complement the neighborhood.

For the lobby, Milkshake Concepts will design a European-style, all-day café featuring a robust coffee program, daily baked goods, and a diverse menu with items that can be taken to go or enjoyed in a bright, open environment. Early evening meals and a wine program are expected to be featured.

A first-of-its-kind Greek restaurant will be introduced in The Rotunda. A selection of fish, grilled meats, and traditional sides and dips will anchor the menu that will serve a bustling lunch crowd and refined dinner group.

Jack Gosnell, Elizabeth Herman Fulton, and Marissa Stave with CBRE negotiated Milkshake Concepts’ lease on behalf of Fortis and are leading retail leasing for Dallas Arts Tower. 

Stream has leased Dallas Arts Tower since Fortis purchased the building in 2016. The Class A skyscraper has seen several significant updates since, including a new motor court, water features, and landscaping on the Ross Avenue-facing frontage; the addition of a sky lounge and meeting center on the 40th floor; and a new fitness center. An executive tenant conference center, Starbucks coffee shop, convenience store, on-site shoeshine, full-service car wash, and sky bridge that connects to the Dallas Marriott Downtown and DART Light Rail station are among its many amenities.

Silver Star Properties shares new leasing activity in Dallas and Houston

Silver Star Properties REIT, Inc. (Silver Star Properties), formerly known as Hartman Short Term Income Properties XX, Inc. has announced new leasing transactions in Dallas and Houston:

  1. Healthline Medical Equipment, Inc. Renewed 12,001 square feet at 1901 North Glenville Drive in Richardson, Texas. In the transaction, Lynna Smith represented the landlord, Silver Star Properties REIT. 
  2. Perc Engineering, LLC expanded 3,078 square feet marking a 14749 office space at 1880 S. Dairy Ashford Road in Houston, Texas. In the transaction, John Silberman with NAI represented the tenant and Kacie Skeen represented the landlord, Silver Star Properties REIT.

GREA brokers sale of former president’s apartment in Houston

Jordon Emmott and Abraham Garza of GREA (Global Real Estate Advisors) brokered the sale of Chateaux Dijon Apartments from Investres (which purchased the property in 2018) to Three Pillars Capital Group. The 426-unit multifamily community is located in the Galleria area at 5331 Beverlyhill Street (77056).

Three Pillars has extensive renovation plans for the community that President George W. Bush once called home.

Emmott noted, “Chateaux Dijon is one of the most historic and recognizable apartment properties in Houston. The architecture was simply way ahead of its time and I am excited to see the asset being revitalized.” 

Partners arranges sale of last remaining building for TNRG Development at Intercontinental Crossing Business Park

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, recently arranged a 23,100-square-foot sale at 18315 Aldine Westfield Road to close out a three-building industrial spec development project, totaling 93,350 square feet for TNRG Development at Intercontinental Crossing Business Park.

  • 18321 Aldine Westfield Road: 50,000-square-foot freestanding dock-high loading distribution building on ±2.56 acres
  • 18311 Aldine Westfield Road: 20,250-square-foot freestanding dock-high loading distribution building on ±1.50 acres
  • 18315 Aldine Westfield Road: 23,100-square-foot freestanding dock-high loading distribution building on ±1.30 acres

Partners’ Clay Pritchett, SIOR and Zane Carman represented the seller, TNRG Development, in each of these transactions.

Chicago-based W.E. O’Neil to launch Austin office June 1

Chicago-based W.E. O’Neil Construction, a nationwide leader in the commercial construction industry, announced the official opening of its Austin office on Thursday, June 1. Members of the media will have the opportunity at the event to speak with W.E. O’Neil executives about the company’s Texas launch, their plans for the Greater Austin/Central Texas market and O’Neil’s steady growth since its founding in 1925.

In May 2022, W.E. O’Neil announced it had acquired Austin-based DCA Construction. DCA’s management team will remain in place and the firm will officially become W.E. O’Neil Construction on June 1. The Austin offices are located at 8868 Research Boulevard, Suite 500.

W.E. O’Neil, a 100% employee-owned firm, has completed several projects for longtime clients in Texas over the past decade. The firm brings a deep well of in-house resources, financial strength and nearly 100 years of construction expertise to the Austin commercial real estate and development market. With the DCA acquisition, O’Neil now has a total of 12 office locations in about 20 markets nationwide.

The Austin office will serve the entire state but will focus on penetrating the Greater Austin/Central Texas area’s multifamily, hospitality and retail segments, as well as counter-cyclical markets like aviation, healthcare, higher education and senior living. Goals for the local market are to generate $375 million in opportunities and secure $75 million in awards, leading to $100 million-plus in real 2023 backlog while achieving 10% consistent sales growth and at least a 60% net promoter score from clients year over year.

W.E. O’Neil has projects in progress across Texas, from Fort Worth to Austin to Corpus Christi. They include Junction 2035, a 14-acre site with 3,500 square feet of spec office and restroom build-out (Fort Worth); Kyle Retail, consisting of the construction of two retail shell buildings totaling 19,000 square feet separated by a lighted courtyard (Kyle); and Nordstrom Park Lane, the 27,000-square-foot interior renovation of an existing Nordstrom Rack store, including flooring, bathroom fixtures and finishes, mother’s room, dressing room partitions and finishes, breakroom, employee lockers and cash-wrap relocation (Dallas). O’Neil is also renovating Nordstrom Rack stores in Allen, San Antonio and Plano. Earlier this month, the Texas Department of Public Safety awarded the firm a contract to build a 13,000-square-foot vehicle licensing and registration/driver testing facility in Plano. A list of other notable completed projects can be accessed here.

In 2025, W.E. O’Neil Construction will celebrate its centennial anniversary. This year, in its 98th year of business, W.E. O’Neil expects to rack up annual revenue of more than $1.4 billion, which includes 80% repeat business.

The acquisition of DCA enables W.E. O’Neil to better serve clients by offering several additional resources, including full-time building information modeling (BIM) and virtual design and construction (VDC); preconstruction and estimating department with a staff of 15; mechanical, electrical and plumbing management; and marketing and business development. Over the past 12 months since the acquisition, W.E. O’Neil has hired five new employees and plans to hire more with a goal of 28 employees by 2025. Currently, the Austin office employs 19. The firm is actively recruiting project estimators, project managers and project superintendents. W.E. O’Neil Construction is an employee stock ownership (ESOP) firm, meaning it is 100% employee owned. Currently, O’Neil has approximately 503 employee-owners, 42% of whom have been with the company for more than five years. Its senior leadership team has an average of 30.3 years of industry experience.

HDA selected for new Love’s Truck Solutions facility in Natalia

HDA Architects, one of the nation’s leading architectural, interiors and master planning firms, is nearing completion on one new Love’s Truck Solutions facility in Natalia, Texas.

Love’s Truck Solutions, Natalia, is a 252,500-square-foot, $23 million facility that will contain a tire warehouse, temperature-controlled storage space, retread bays and a 5,500-square-foot office. Building components include two drive-up doors, 24 full docks and four overhead door KO panels. Located adjacent to an existing Love’s Travel Stop, the concrete tilt-up facility will serve as an essential component to conveniently serving Love’s customers all in one location.

The location is on track to beat its expected completion date, wrapping up construction this August. The team consists of Catamount Constructors, Ambrose Property Group, Vickrey & Associates, LLC and Alper Audi, Inc.