Downtown Dallas’ Comerica Bank Tower is set for a major redevelopment that will transform the 60-story skyscraper into a mixed-use property. Slate Asset Management, based in Toronto, and Dallas-based Stream Realty Partners are leading the project. The two firms plan to add residential units, hotel rooms, and retail space while maintaining some office floors.
Slate purchased the 1.5 million-square-foot building at 1717 Main Street last year. According to Stream Realty Partners, approximately half of the tower will be repurposed for new uses, with about 600,000 square feet of office space remaining on floors 19 through 42.
The redevelopment includes a hotel with 242 rooms on floors nine through 18 and 240 apartments above it. Of these apartments, ten percent will be designated as affordable housing. Over 10,000 square feet of ground-floor retail space is also planned. The redesign by HKS aims to make use of the tower’s three existing lobbies to create separate entrances for offices, residents, and hotel guests.
“Fortunately, the building lays out extraordinarily well for introducing multiple uses,” said Ramsey March from Stream Realty Partners. He added that the goal is to bring “around-the-clock activity” back to downtown Dallas.
Comerica Bank currently occupies much of the tower under a lease running through 2028. However, its long-term presence is uncertain due to its pending acquisition by Fifth Third Bank. Stream has indicated a preference for Comerica Bank staying but acknowledges this outcome is not guaranteed.
HKS intends to preserve architectural features such as Phillip Johnson’s signature arches and barrel vaults while updating interiors and public spaces.
One aspect drawing debate is an eight-story parking podium designed to replace the existing banking hall and plaza along Ervay Street. After feedback from Dallas’ Urban Design Peer Review Panel, Stream revised plans for this structure by adding a glass-and-fluted façade as well as amenities like a rooftop ballroom and pool deck. The podium will add around 400 parking spaces in addition to the current underground supply of about 700 spaces—a change described by March as crucial for long-term viability.
Construction could begin next summer if City Council approval and additional tax increment financing are secured. Balfour Beatty has been named general contractor; Mike Paneri Consulting will advise on hotel strategy.
