Tuesday, April 22, 2014

Construction work is about to start at Downtown Dallas’ vacant 1401 Elm tower

Construction fencing is going up around the vacant Elm Street highrise. (G.J. McCarthy/The Dallas Morning News)
The work on what will be downtown Dallas’ largest building redevelopment is kicking off.
Building crews are putting up construction barricades around the 52-story former First National Bank tower at 1401 Elm Street.
New York-based Olympic Property Partners is about to start work to convert the 50-year-old office skyscraper into a combination of apartments, shops and offices.
The $175 million renovation will be the largest such conversion of a Dallas office tower.
The first phase of work will include removing the old office interiors and remediating toxic asbestos in the building.
The building has been vacant since 2010 when the last office tenants moved out.