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New downtown Dallas rental address is ready for residents in a converted office

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New downtown Dallas rental address is ready for residents in a converted office


From the corner living room in Dallas’ newest high-rise apartment, you can look out over most of downtown.

There are no signs that just 18 months ago this plush residential space was an empty office suite.

The Peridot apartments in Santander Tower are the latest generation of rental units developers are carving out of surplus office space. Close to 2 million square feet of Dallas high-rise workspace — much of it built in the 1980s — is targeted for conversion into more than 1,500 new urban housing units.

Dallas apartment builder Mintwood Real Estate teamed up with Santander Tower owner Pacific Elm Properties to transform 11 floors of the Elm Street office tower into 228 apartments.

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A corner living area in the new Peridot Apartments at downtown Dallas’ Santander Tower.(Steve Brown)

The first of the new rental units is ready to show off to tenants.

“We have a waiting list of prospective tenants and we’ve got tons of tours lined up,” said Mintwood Real Estate’s Katy Slade. “Because of how pioneering this is for showing people how it is to live in an office building, we really wanted to have the leasing office open and the units open so people could understand. We wanted to be able to put our best foot forward.”

Built four decades ago as Thanksgiving Tower, the 50-story skyscraper has been owned by Woods Capital since 2013. Since acquiring the 1.4 million square foot office building, developer Jonas Woods – now the CEO of Pacific Elm Properties – has given the tower a more than $18 million makeover that includes new lobby and outdoor space.

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Two years ago, the high-rise’s two top floors were converted to 60 hotel rooms operated as The Guild.

The apartment construction is a further step in the owner’s plan to repurpose the landmark skyscraper.

“They have a really great vision on how to execute this tower as a truly mixed-use building,” Slade said.

A rental unit living room in the new Peridot Apartments at downtown Dallas’ Santander Tower.(Steve Brown)

Mintwood took a large space on the west end of Santander Tower’s ground floor to create a tenant lounge area, leasing and management center and board room. There’s a fireplace in the lounge and a library-style common room.

“This space had been empty,” Slade said. “It had housed a bank at one point.”

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Just outside the lounge windows on Pacific Street, work crews are finishing up the swimming pool and outside patios for residents. There’s a dog park going in on the east side.

WDG Architecture did the conversion design. Adolfson & Peterson was the general contractor.

Dallas-based Swoon designed the interiors. “We hired them because of their hotel experience,” Slade said. “Our vision was to have this walk the line between a hotel and residential to be able to provide that high-end experience.”

The apartments start on the tower’s 18th floor and are accessible only to building residents.

Rental units range in size from just over 600 square feet for the smallest one-bedroom apartment to more than 1,550 square feet in the biggest two-bedroom unit. Rents start at $2,100 a month.

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All of the apartments have high-end appliances in the kitchen and large bathrooms.

Since the apartments don’t start until the 18th floor, renters are perched high above the streets.

“We paid a lot of attention to where the buildings are around us so not to have obstructed views,” Slade said. “I love the views because you are looking out over the city.”

The tenant lounge for the Peridot apartments at Santander Tower.(Steve Brown. )

The developers added amenity areas on the 25th and 39th floors so residents won’t have to always go down to the lobby area to gather.

Storage rooms were built in parts of the center of the apartment floors. “We also added little offices one floor up along the corridor that people can rent,” Slade said.

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Mintwood Real Estate hopes the conversion of the Santander Tower offices will help with its next project – building 426 apartments in the 40-story Bryan Tower.

“Santander Tower is the place where we learn the lessons and sharpen our pencils for the next one,” Slade said. “We are doing things here that we’ve not done in previous projects.”

Downtown Dallas developments will convert offices to apartments and add new towers

With office vacancies at a more than 20-year high nationwide, building owners are hoping to convert millions of square feet of surplus office space into needed residential units. Commercial property firm CBRE Group is tracking about 100 office conversion projects this year nationwide with about 18 million square feet of space.

A handful of office towers in downtown Dallas and Fort Worth are targeted for these redos.

Property analysts warn that not all office buildings can be repurposed as housing because of high costs and building layouts.

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“You can’t do this with every building,” said Mintwood’s Nick Venghaus. “You don’t want to have so much inefficiency that it doesn’t make sense.”

About 78% of the average office floors at Santander Tower is utilized as rentable living space.

“A typical multifamily building is somewhere between 80% and 85% efficient,” Slade said. “We have a lot of different people talking to us about converting office space to multifamily.”

A bedroom in the new Peridot Apartments at downtown Dallas’ Santander Tower.(Steve Brown)
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Dallas, TX

Cowboys coaching search: Could Jason Witten replace Mike McCarthy?

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Cowboys coaching search: Could Jason Witten replace Mike McCarthy?


Dallas Cowboys owner Jerry Jones is exploring options for a new head coach following the departure of Mike McCarthy, and one name generating buzz is franchise legend Jason Witten. Known as the best tight end in Cowboys history, Witten has long been a favorite of Jones and is being considered for the high-profile role.

McCarthy and the Cowboys parted ways after five seasons, ending a tenure that included three consecutive 12-5 records but just one playoff win. The coaching search is officially underway, and Witten’s name has surfaced alongside other contenders.

Witten, an 11-time Pro Bowler and the franchise leader in games starts, receptions, and receiving yards, has deep ties to Dallas. While his coaching experience is limited to leading a private high school team to a state championship, his leadership qualities and familiarity with the organization make him a compelling, albeit unconventional, option.

If hired, Witten would follow a path similar to Detroit Lions head coach Dan Campbell, another former Cowboys tight end. Campbell transitioned to the NFL coaching ranks after years of assistant coaching experience, a step Witten has yet to take. However, Jones has a history of making bold decisions, and Witten’s intimate understanding of the Cowboys’ culture could give him an edge.

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While some question whether Witten’s high school coaching background is sufficient preparation for the NFL, Jones values loyalty and passion for the franchise, qualities Witten embodies. His connection with the Cowboys and leadership on and off the field could make him an intriguing choice to guide the team into its next chapter.

Jones’ next coach will be his ninth. The first four were first-time NFL head coaches, starting with Jimmy Johnson when Jones bought the team in 1989. The former University of Miami coach won back-to-back Super Bowls before an acrimonious split with Jones, his college teammate at Arkansas.

Three of Jones’ past four hires had NFL head coaching experience, including Super Bowl winners Bill Parcells and McCarthy. The exception was former Dallas quarterback Jason Garrett, the longest-tenured coach under Jones at nine-plus seasons.

The Cowboys have yet to release updates on the search, but Jason Witten remains a name to watch as the process unfolds.

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Dereck Lively Gets Key Ankle Injury Update For Dallas Mavericks

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Dereck Lively Gets Key Ankle Injury Update For Dallas Mavericks


About four minutes into the Dallas Mavericks’ recent contest against the Denver Nuggets, starting center Dereck Lively left the contest with an ankle injury.

Evidently, the Mavericks are already dealing with massive injuries to Luka Doncic and Kyrie Irving. Those two superstars lead the team and Lively is right up there as one of the more impactful players on the team.

However, just one day after the injury, Lively has already gotten X-ray updates back on his sprained right ankle, and it’s a bit of a relief for Mavericks fans. Chris Haynes provided the recent update.

“Dallas Mavericks center Dereck Lively II received an X-ray on his sprained right ankle and results were negative. No timeline established as of now,” Haynes reported.

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The Mavericks are struggling to stay healthy, though doing so by April is the main goal and it’s just January. Lively has had issues remaining on the hardwood for the club in his inaugural two seasons, and it’s leaving some fans concerned.

READ MORE: Latest Timeline for Luka Doncic’s Return to Dallas Mavericks Revealed

Stick with CommanderGameday and the Locked On Commanders podcast for more FREE coverage of the Washington Commanders throughout the 2024 season.

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In messy city manager search, Dallas council failed in its fundamental job

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In messy city manager search, Dallas council failed in its fundamental job


The Dallas city manager search has unspooled in the chaotic style we’ve come to expect from this City Council. There was the ho-hum recruitment brochure draft featuring the wrong skyline. There was the council civil war over the timeline of the search and the flow of information about candidates. And nothing says “we’ve got our act together” like eleventh-hour candidate interviews the day before Christmas Eve.

When two original semifinalists and a former Dallas city official dropped out of the race, no one was surprised.

We wish the next city manager the best of luck because no amount of talent and hard work can overcome a fundamental flaw of this search, and that is the lack of formal, measurable goals by the City Council. Our city is about to hire its CEO, but its board of directors has no metrics to set expectations or hold that person accountable for the most important job in Dallas.

If you want to understand how dysfunctional the situation is, start with the fact that the council’s appointees — the city manager, city attorney, city secretary and city auditor — haven’t had a performance review in more than two years. Our last city manager, T.C. Broadnax, had his last evaluation in August 2022. He left in May 2024. Interim City Manager Kimberly Bizor Tolbert, the front-runner for the job, hasn’t had an evaluation since her appointment last spring.

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The council has hired a consultant over the years to help conduct the evaluations of its appointees. But no consultant can fix this council’s main problem, and that is its inability to come together to develop a consensus around four or five priorities and the metrics to measure progress in those areas.

Even when performance reviews for council appointees were happening, the process was broken. The council’s consultant called council members individually to solicit feedback, with the consultant identifying “themes” shared verbally with the council, and with no particular comments attributed to specific people, according to a 2022 memorandum from Management Partners, the firm hired to do the work. The city manager and other appointees were “invited” to prepare a report on their accomplishments and goals for next year, with the potential for “refinements” based on council input.

There was no written report from the performance evaluation, other than any goals reports produced by the appointees.

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It’s a shockingly wishy-washy approach to evaluating an employee, let alone a C-suite executive.

And don’t expect even a veneer of transparency for taxpayers. Last year, we requested Broadnax’s goal reports and were told by the city that there were no responsive records, only to hear a council member remind her colleagues last week that Broadnax produced a memo with his goals after his last performance review in 2022. City staff failed to release this memo in response to our request. Such a document should be public under the Texas Public Information Act.

Now, on the brink of hiring its next city manager, the council is panicking about the fact that it hasn’t evaluated its council appointees in a long time and that it has no measurable goals for any of them. The council committee whose job it is to codify the annual review process can’t seem to agree on how to move forward.

Mayor Pro Tem Tennell Atkins chairs the committee. In a December meeting, he led a discussion on next steps to resume performance reviews of council appointees. Council members learned that their previous consulting firm, Management Partners, had been acquired by Baker Tilly, the company that is leading the messy city manager search. But the woman who had worked closely with the council on previous performance reviews was no longer associated with either company.

The committee gave city staff mixed signals on how to proceed. Some council members said they wanted to continue working with the previous consultant. Others asked to hear from Baker Tilly. Some said they were dissatisfied with the previous consultant or concerned about Baker Tilly and wanted to hear from other vendors. Council members said to move quickly.

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By the time the council committee picked the conversation back up this month, confusion reigned. Baker Tilly prepared a presentation that described a performance review process very similar to what the council had with its previous partner. Atkins indicated that the council was moving forward with Baker Tilly using an existing contract, and other committee members pushed back. Meanwhile, an assistant city manager and an assistant human resources director couldn’t answer a council member’s simple question about when the council appointees were last evaluated.

“Yes, we are overdue for these reviews, but I think that they should be pursued seriously with the appropriate time periods involved,” said council member Paul Ridley. “I don’t think we should out of convenience select someone who is doing other work for the city at the present time.”

Council member Jesse Moreno asked whether Baker Tilly would have a conflict of interest in facilitating the performance review of an executive the firm helped hire. A representative tried to assuage Moreno, but he is right to bring that up, given that Baker Tilly would be required to conduct a new search at no cost to Dallas if the city manager doesn’t last a year. Council members should be skeptical. (Keep in mind it was Baker Tilly that produced the hiring brochure for Dallas city manager. The cover photo was a shining image of the Houston skyline.)

The council now seems poised to consider other consultants for the performance evaluations. Council members should do their due diligence instead of repeating their sloppiness for the sake of comfort.

Hire a consultant, if you must, to moderate the conversation or offer pointers, but a management firm can’t do the hard work for you.

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Outgoing council member Jaynie Schultz said it best: “This problem is ours as a council. We have not done our work. And so we can try spending all of our time diverting all the problem and the blame on Baker Tilly. … The delay is us, 100% us.”

The council’s job is not to run the city but to set clear, measurable expectations for the people it hires to do that. It’s telling that council members have relied on a consultant to remind them to perform a fundamental duty.

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