Wednesday, May 27, 2015
Oak Lawn high-rise gets $10 million redo
An Oak Lawn office tower is getting a $10 million makeover along with a new identity.
The 18-story 3500 Maple high-rise – located just north of Uptown and across from to Reverchon Park – was purchased last year by Dallas’ Champion Partners and Building Land and Technology of Stamford, Conn.
Construction has already started to remodel the 376,000-square-foot, 30-year-old tower, which is about 55 percent leased.
The building is being renamed Parkside Tower.
“The whole theme of the redo is health and wellness and the ability to access the park and the Katy Trail across the street,” said Champion’s partner Steve Modory.
Upgrades to the building will include a new fitness center, food service area and a new drive up and entry on Maple Avenue.
“Right now the building doesn’t have a front door,” Modory said. “We are redoing the whole outdoor plaza area.”
The reflective glass tower sold out of foreclosure last year for more than $64 million.
DTZ has been leasing the building.
“We’ve renewed tenants including Heritage Auctions, R.R. Donnelley & Sons and Katz Media Group,” said Johnny Johnson, executive managing director with DTZ.
All of the work on the tower should be completed this fall.
Five empty floors of office space have already been gutted and rebuilt.
The 3500 Maple renovation is one of the largest such building remodels outside downtown Dallas.