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**Comerica Tower Slated for Major Revamp**
Slate Asset Management, the current owner of the 60-story Comerica Bank Tower in downtown Dallas, has announced plans to significantly redevelop the iconic high-rise. The transformation, in collaboration with Stream Realty Partners, will convert much of the building from office space into a mixed-use property featuring residential and hotel accommodations, while preserving a portion of the office footprint.
Located at 1717 Main Street, Comerica Bank Tower spans approximately 1.5 million square feet. As of now, only about 50% of the space is leased, primarily to Comerica Bank employees. Comerica’s lease is set to expire in 2028, and with the bank’s pending acquisition by Fifth Third Bank, its long-term presence in the building remains uncertain.
The ambitious redevelopment plan will reduce the existing office space by over half. The new design includes a 242-room hotel situated on floors 9 through 18, along with 240 residential units occupying the tower’s upper floors. More than 10,000 square feet of ground-level retail space is part of the redesign, which is expected to attract a variety of restaurants and enhance the pedestrian experience.
Additionally, a ballroom and rooftop pool deck are proposed for the top of the parking garage, adding new amenities to what will become a vibrant mixed-use destination.
This redevelopment marks a significant shift in the use of the building, aligning with broader trends in urban commercial real estate where flexibility and mixed-use programming have become increasingly valuable.
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