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.

Stream Realty Partners continues to hire, with seasoned land broker joining Dallas team

Stream Realty Partners has recruited a seasoned land professional to help owners, developers, and investors maximize the value of their real estate holdings in today’s changing economic and regulatory landscape.

Shawn M. Street will serve as a VP of Dallas’ land division, working alongside SVP Demian Salmon to expand the firm’s land brokerage business across the Metroplex. He will be responsible for identifying, sourcing, and closing land transactions. Stream land experts leverage industry-leading technology to provide market analysis, feasibility studies, strategic site selection, residual valuations, highest and best uses, mapping, and demographic research.

Street was a SVP with Younger Partners and founded Street & Associates prior to joining Stream, a national commercial real estate firm headquartered in Dallas and offering an integrated platform of services.

Street brings prior commercial real estate experience to his new role, working as a consultant at Landry Commercial Inc. He also spent more than nine years as an independent petroleum landman for Tidewater Development.

Uptown Dallas’ Chateau Plaza gets new name as multi-million-dollar makeover revealed

An 18-story Uptown Dallas tower has dropped its moniker of more than 30 years as owners begin a multi-million-dollar capital improvement project.

Chateau Plaza will now be called 2515 McKinney to highlight the property’s opportune address in the increasingly popular submarket known for its diverse mix of residential, retail and office spaces. The property is owned by institutional investors advised by J.P. Morgan Global Alternatives.

J.P. Morgan Global Alternatives worked with Stream Realty Partners to reimagine the building’s identity as a complete renovation starts on the lobby, tenant lounge, public corridors and boardroom. A fitness center and outdoor patio also will be added to enhance the tenant experience and attract companies seeking employee-centric office spaces in buildings with modern amenities. Dallas-based Entos Design has been retained to oversee the design and construction, which is expected to wrap up in the fall.

Stream, a national commercial real estate firm offering an integrated platform of services, is headquartered in Dallas and provides leasing and property management services at 2515 McKinney. Managing Director Rhett Miller and Associate Patrick Cruz serve as leasing agents. Blair Miller is the Property Manager.

Chateau Plaza was built in 1985 and last renovated in 2011. The building, with 178,970 square feet, sits on the corner of McKinney Avenue and Fairmont Street, near a host of fast-casual restaurants and popular retail shops that tenants will appreciate. Interstate 35 East, U.S. 75 (Central Expressway), and Woodall Rogers Freeway (Texas Spur 366) are all easily accessible for commuters.

2515 McKinney is home to the privately held, state-chartered financial institution Nexbank; national healthcare strategy and transaction advisory firm VMG Health; and national business advisory company Riveron. The building offers suites from around 1,500 square feet to full floors–including the 13th floor available in November 2023 and the 10th floor available in June 2024–at more than 18,000 square feet. 

Dallas investment fund plans to renovate newly purchased Irving office building

An Irving office building leased by Stream Realty Partners since 2010 has been sold to a Dallas-based real estate private equity fund.

Reserve Capital Partners, in partnership with Trinity Investors, purchased Crestview Tower at 105 Decker Court from Austin-based CapRidge Partners. The new owner has hired Dallas architectural firm Entos Design to completely reimagine the building’s entry, lobby, fitness center, tenant lounge, and outdoor patio. Reserve Capital’s construction team will oversee the multi-million-dollar renovation featuring design elements such as wood-slatted accent walls and ceilings, modern pendant lighting, and stylized directional wall graphics. Furniture, artwork, carpets, and wallpapers will boast warm, earth-tone colors. The project is expected to take approximately four months once plans are finalized. Financing for the project was provided by Southside Bank Senior Vice President for Commercial Real Estate Jonathan Ferrell.

Reserve Capital will retain Stream, a national commercial real estate firm offering an integrated platform of services, to lease the 12-story building in the booming Las Colinas submarket. Executive Vice President and Partner Tim Terrell and Managing Director Rhett Miller of Stream Dallas serve as the leasing agents.

Crestview Tower was designed to house the headquarters of firms seeking inspiring workspaces. Building amenities include a conference center, on-site property management, 24-hour security, keycard access, fiber internet, and day porters.

Tenants appreciate being within walking distance from 50,000 square feet of retail shops and local and chain restaurants. High-end residential units and hotels also are nearby. The property sits right off State Highway 114 and offers commuters easy access to SH 183 and 161 as well as interstates 35E and 635. Three major transportation hubs–Dallas Fort Worth International Airport, Dallas Love Field Airport, and Addison Airport–are 10 minutes, 15 minutes, and 23 minutes away, respectively.

Crestview Tower is currently 78% leased. The office building has several speculative suites available with high-end finishes and access to full amenities. Rentable office spaces range from 943 square feet to 8,447 square feet. 

Stream Realty Partners wins two leasing assignments for Unilev properties

Stream Realty Partners’ office leasing team recently was awarded two new leasing assignments for Houston-area office buildings.

Stream, a national commercial real estate firm offering an integrated platform of services, will handle leasing and marketing for 3555 Timmons and 4550 Post Oak Place. Senior Vice President Brad Fricks and Vice President Matt Asvestas will serve as leasing agents at 3555 Timmons. Vice President Matthew Seliger and Senior Associate Danielle Rothchild will be responsible for leasing efforts at 4550 Post Oak Place.

Both 3555 Timmons and 4550 Post Oak Place are owned by Unilev, a seasoned real estate investment and management organization with a strong presence in the Houston market.

3555 Timmons is a 14-floor, Class A building in the Greenway submarket. The building is easily accessible to U.S. 59, Westpark Tollway, and Interstate 610, and is close to the residential areas of River Oaks and West University Place. Ownership has recently invested more than $3.2 million in capital improvements, including a complete lobby and conference room/training center renovation.

3555 Timmons is surrounded by a wide variety of restaurants, upscale hotels, and renowned retail. Availabilities at the building range from 1,500 square feet to 18,141 square feet.

4550 Post Oak Place is a three-story boutique office building in the Galleria submarket. The premier location offers immediate access to major thoroughfares including Interstate 610, San Felipe Street, and Post Oak Boulevard. The building features an on-site deli, covered parking, and controlled access. A myriad of popular restaurants, retail shopping, and hotels are minutes away. Availabilities at 4550 Post Oak Place range from 505 square feet to 7,653 square feet.

“Thanks to dedicated and stable ownership, 3555 Timmons and 4550 Post Oak Place are well-positioned to welcome new tenants and provide them with a top-of-the-line occupier experience,” said Fricks.

Fricks, a tenured broker with more than 31 years of office leasing experience, was recently named the Houston Office Leasing Brokers Association (HOLBA) 2022 Landlord Broker of the Year. He was recognized for his production at over nine million square feet throughout the course of his career, as well as his industry involvement and numerous accolades. With this newly awarded assignment, Fricks now serves as the leasing agent for three Unilev-owned properties: 3555 Timmons, One Riverway, and Three Riverway.

Revantage, a Blackstone portfolio company, to lease space at Stream Realty Partners’ The QUAD in Uptown Dallas

Revantage, a Blackstone Real Estate portfolio company, will soon call Stream Realty Partners’ The QUAD home as it expands its employee base in Dallas.

Revantage, which provides corporate services to Blackstone’s real estate portfolio, expects to occupy approximately 32,000 square feet on the third floor of the 12-story, Class AA office tower at 2699 Howell St. The space will accommodate the company’s current Dallas employee base with additional capacity to hire local talent in support of its strategic growth plan. Revantage will maintain its current headquarters and presence in Chicago’s Willis Tower and maintains other office locations around the world including in Europe and Asia.

Stream Senior Vice President Ryan Evanich and Vice President Marissa Parkin represented Stream, the owner of The QUAD, in the transaction. Jon McNeil, Torrey Littlejohn, and Christy Rhea of JLL represented the tenant.

Stream, a national commercial real estate firm offering an integrated platform of services, is developing the 345,425-square-foot office building and surrounding 18,500-square-foot retail area heralded as the dawning of “A Different Dallas.” The QUAD is expected to deliver in March 2024. Revantage anticipates moving employees in during the first half of 2024.

The QUAD will set a new standard in Dallas with an integrated “smart” building end-user interface. Pathogen-reducing technologies such as hospital-grade air filtration and outside air circulation on office floors are 50% higher than industry standards. Tenants such as Revantage will appreciate the tower’s full-service fitness studio, top-floor outdoor terrace with expansive views, a club lounge and conference center, an acre of outdoor space, a bike valet, and dedicated underground parking. The building is also steps away from popular Uptown restaurants, hotels, entertainment venues, and multifamily complexes.

Revantage is the third tenant, and largest thus far, to sign on at The QUAD. Stream previously announced that Two Hands, a community-focused eatery based in Australian café culture, will occupy one of the five free-standing retail spaces surrounding the office tower. Chicago Title, the largest title insurer and provider of real estate-related products and services in the world, was the first office tenant to sign on at The QUAD and will occupy 20,000 square feet.