Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Tuesday, March 28, 2017
Adolphus Tower to light it up
Adolphus Tower to light it up
High-rise to give its downtown corner ‘more life,’ owner says
In the two years since Mike Hoque bought the Adolphus Tower in downtown Dallas, the neighborhood around his office building has continued to add street life.
Now Hoque is ready to light up his corner of Main and Akard streets with additional retail and a renovation of the midcentury office high-rise.
“We’ve put in all-new mechanical systems in the building,” Hoque said. “Now we are going to put on the lipstick.
“This is a prominent corner and we want to give it more life.”
Hoque, whose DRG Concepts owns the Fish Market and Chop House Burger restaurants across the street —plans to turn a former bank branch in the bottom of the 27story Adolphus Tower into another eatery or retail space. There also will be retail along Akard.
“I’m looking for the right tenant,” he said. “We are now finalizing the retail leases.”
He said the exterior of the 62-year-old office tower will be “all lit up.”
“It’s a unique location for a boutique office building,” Hoque said. “There’s not another building like this in Uptown or downtown.
“We have not been marketing the building, but we are ready to launch.”
The Adolphus Tower will get a lobby makeover and keep its direct connection to the landmark Adolphus hotel next door.
On the third floor, Hoque is building a new conference center. In the basement, construction is starting on a 7,500-square-foot shared-office environment that will be geared toward startups and incubator space.
“We want to attract young entrepreneurs,” Hoque said.
Finally, the exterior of the slender high-rise will be painted gray.
Architects for the renovations were 5G Studio Collaborative and Alex Quintanilla of Hoque Global.
The Adolphus Tower was built by famed Dallas developer Leo Corrigan, who at the time also owned the Adolphus hotel.
The 181,000-square-foot office building was originally supposed to be 50 stories, but it proved impractical to construct a building so tall on such a small site. When the $7.5 million project opened in 1955, it was touted as “the most modern office building in the Southwest.”
The Adolphus hotel, more than a century old, is in the midst of a $40 million redo.
The original exterior of the Adolphus Tower was done in gray aluminum panels, which were replaced with stucco in the 1980s.
“The redevelopment of Adolphus Tower is a welcome addition to downtown’s focus of meeting the future demands of the marketplace,” said John Crawford of Downtown Dallas Inc. “It is a 100 percent corner and, combined with changes to the historic Adolphus hotel, will work extremely well with other changes on the horizon for this sector of downtown Dallas.”
Hoque said he competed against more than a dozen investors and developers interested in buying the high-rise in 2015.