New Uptown Dallas office address is ready for business
The newest office address in the Uptown neighborhood of Dallas is three decades old. But you’d never know if you looked at the building at 2401 Cedar Springs.
Crescent Real Estate has spent the last two years stripping the seven-story office to the bones and rebuilding it with a new look and a complete makeover inside.
“It’s practically a new building,” said Crescent CEO John Zogg. “Inside, we put it on the concrete and replaced all the systems. And much of the outside has been replaced.”
The postmodern style of the building has been replaced by a modern design by Dallas architect Corgan.
The old arched Porte Cochère at the front of the building has been demolished to make way for an illuminated glass tower and an outdoor lounge area with a view of the landmark Crescent across the street.
An 8,000-square-foot restaurant with a large outdoor deck was built on Maple Avenue.
A lobby area in the 2401 Cedar Springs building.(KURTGRIESBACH | Crescent Real Estate / KURTGRIESBACH)
“Before COVID there was a lot of interest and even after COVID there are a handful of really good restaurants looking around,” said Zogg.
The downstairs lobby opened with glass on either side of the building on Cedar Springs Road and Maple Avenue.
“We want to embrace Uptown, and we’ve added more pedestrian walkways and a patio to make it part of the neighborhood,” said Marissa Parkin of Crescent.
Crescent hopes to rent the 200,000-square-foot property to either a single tenant or to multiple companies.
“We’re talking to several tenants who would dissolve it,” said Zogg. “There’s an incredible branding opportunity on the main and main corners of Uptown.”
Crescent and partner Goldman Sachs bought the building in early 2018.
For much of its life, the building was home to GuideStone, the Southern Baptist Convention’s annuity and investment company. GuideStone moved to a new location on the LBJ Freeway and sold the building.
Crescent bought 2401 Cedar Springs as it was completing a renovation of its property of the same name across the street for more than $ 30 million.
The developer also built the nearby McKinney & Olive office and retail hub.
“We picked up a lot of things that were very well received on our McKinney & Olive project for this Cedar Springs building,” said Zogg.