[[{“value”:”
**Comerica Tower Slated for Major Revamp with Hotel and Residential Conversion**
Slate Asset Management, the owner of the iconic 60-story Comerica Bank Tower in downtown Dallas, is embarking on a major redevelopment of the building in partnership with Stream Realty Partners. Acquired by Slate in 2024, the tower is set to undergo a transformation that will dramatically shift its function and tenant mix.
Located at 1717 Main Street, the Comerica Bank Tower currently encompasses 1.5 million square feet of office space but is only about 50% leased. The majority of the occupancy is comprised of Comerica Bank employees, although the bank’s lease is set to expire in 2028. With Comerica’s potential acquisition by Fifth Third Bank, its long-term presence in the building remains uncertain.
Under the redevelopment plan, more than half of the existing office space will be repurposed. The project includes the addition of a 242-room hotel, which will occupy floors 9 through 18, and 240 residential units that will span the upper stories of the skyscraper. The renovation also introduces a vibrant ground-floor retail experience with over 10,000 square feet dedicated to restaurants and retail stores.
Further amenities include a large ballroom and a hotel rooftop pool deck located above the building’s parking garage, enhancing the tower’s appeal to both residents and visitors.
This ambitious redevelopment underscores the growing trend of repositioning aging office towers into vibrant, multi-use properties in response to changing market demands and shifting work patterns.
“}]]
