When contractors aren’t busy raising new towers in downtown Dallas, they’re hustling on renovations. Two of the more noteworthy projects happening this summer include the reinvention of the 13-story Park Creek Place office building in Oak Lawn and the expansion of a parking garage in the Main Street District.
As the downtown area grows, older buildings either disappear or change to stay relevant. Quadrant Investment Properties purchased Park Creek Place in August 2016 knowing it could use a makeover.
Built in 1982, the 112,225-square-foot tower will get a bit more than just some fresh lipstick. According to City of Dallas permit records, Quadrant hired general contractor James R. Thompson Inc. to overhaul the landscaping around the building, construct an outdoor plaza, do an interior remodel of the 2,149-square-foot lobby on the first floor, and improve some upper floor corridors and restrooms.
Quadrant will rename Park Creek Place, located at 3625 N. Hall Street, to Hall Street at The Centrum. This is an obvious play on words intended to create some synergy between this building and The Centrum, a mixed-use office/retail tower at 3012 Oak Lawn with almost 400,000 square feet that Quadrant purchased in 2014. Renovations at The Centrum began last year and are nearing completion.
Quadrant says tenants in Park Creek Place will have access to upcoming amenities at The Centrum, such as a fitness center, lounge, conference room and roof deck — a scenic locale for company receptions.
The area’s neighboring properties have also been busy with upgrades, but that’s no surprise in bustling Uptown. Sharing property boundaries with both Park Creek Place and The Centrum is Radius at Turtle Creek. Formerly the 16-year-old, 165-unit Marquis on Cedar Springs, Radius was purchased in 2016 by McCann Realty Partners LLC and as part of the rebranding, the new owner last year upgraded interior finishes, amenities and the clubhouse.
Mill Creek Residential purchased the lot across the street from Radius, and in December 2015 broke ground on a luxury six-story midrise to be known as Modera Turtle Creek. When it opens toward the end of this year, it will add another 207 apartment units to Uptown.
Double the Parking: About a 10-minute drive south in the Main Street District, Houston-based M-M Properties is about to take on a $20 million upgrade to the 2102 Elm Street Garage. This is a 313,600-square-foot, seven-level parking structure built in 1999, and M-M wants to add another seven stories. According to the state’s architectural barriers database, construction is scheduled to begin in June and reach completion by June 2019.
Parking garage construction is more of a sideline for M-M Properties, a privately held real estate investment company that has 36 million square feet in office projects and almost 17,000 multifamily units in all. Downtown Dallas tenants in M-M Properties could certainly use the parking space. The company owns Plaza of the Americas, that twin tower mixed-use complex at 600 N. Pearl Street. Perhaps more pertinent to the parking garage, M-M Properties also owns the 60-story Comerica Bank Tower at 1717 Main Street, which is a mere two blocks west of the Elm Street Garage.