Developer Plans $100M Remodel For Dallas Office Tower

Law360, Dallas (December 19, 2012, 6:16 PM EST) -- A Dallas development firm on Wednesday closed the purchase of a 30-story building in downtown Dallas and will immediately launch a $100 million redevelopment that will add residential space to the office tower and test a new eco-friendly building standard.

Todd Interests subsidiary St. Paul Holdings LP, in partnership with Midland, Texas-based Moriah Real Estate Co. LLC, bought the I.M. Pei & Partners-designed building from Bank of America Corp. for an undisclosed price. The partnership plans to start construction Thursday on a reconfigured facade for the...
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