{"id":6529,"date":"2017-03-10T11:37:10","date_gmt":"2017-03-10T11:37:10","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=6529"},"modified":"2026-04-07T15:18:19","modified_gmt":"2026-04-07T12:18:19","slug":"major-makeover-store-dallas-trammell-crow-center","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/major-makeover-store-dallas-trammell-crow-center\/","title":{"rendered":"Major Makeover in Store for Dallas\u2019 Trammell Crow Center"},"content":{"rendered":"<p>Stream Realty Partners and J.P. Morgan Asset Management are joining forces to renovate and expand Dallas\u2019 iconic <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/tx\/dallas\/trammell-crow-center\/\" target=\"_blank\" rel=\"noopener\">Trammell Crow Center<\/a> at 2001 Ross Ave. The $135 million project will mark the first major renovation of the 33-year-old postmodern tower, after which the high-rise will serve as \u201ca strategic cornerstone for The Arts District, in close proximity to\u00a0<a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/tx\/downtown-dallas\/\" target=\"_blank\" rel=\"noopener\">The Central Business District<\/a>,\u201d Dallas Mayor Mike Rawling said in a statement.<\/p>\n<p>Institutional investors advised by J.P. Morgan Asset Management own Trammell Crow Center and the adjacent 2.66-acre site, which will house a new ground-up mixed use development featuring more than 26,000 square feet of restaurant-driven retail space and a parking facility.<\/p>\n<div class=\"su-custom-gallery su-custom-gallery-align-left su-custom-gallery-title-hover\"><div class=\"su-custom-gallery-slide\" style=\"width:300px;height:490px\"><a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/03\/41470C59-A463-489B-9B67-3523759B2B62.jpg\" alt=\"Trammell Crow Center, 2001 Ross Ave., Dallas\" width=\"300\" height=\"490\" \/><span class=\"su-custom-gallery-title\">Trammell Crow Center, 2001 Ross Ave., Dallas<\/span><\/a><\/div><div class=\"su-custom-gallery-slide\" style=\"width:300px;height:490px\"><a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/03\/F8E5A6C8-4058-445C-86AF-6CA07543DE15.jpg\" alt=\"Trammell Crow Center, 2001 Ross Ave., Dallas\" width=\"300\" height=\"490\" \/><span class=\"su-custom-gallery-title\">Trammell Crow Center, 2001 Ross Ave., Dallas<\/span><\/a><\/div><div class=\"su-clear\"><\/div><\/div>\n<p><em>Images courtesy of Yardi Matrix<\/em><\/p>\n<p>The redevelopment of the existing 50-story, 1.2 million-square-foot office tower will include upgrades to the interior lobby, lower exterior and plaza. Moreover, the tower\u2019s amenity package will be expanded to include a new 3,000-square-foot tenant lounge, a 9,000-square-foot athletic club and a 9,000-square-foot conference center on the building\u2019s second floor.<\/p>\n<p>Another notable addition will be a new 50-by-80-foot glass and metal fa\u00e7ade below the tower\u2019s third floor, which will extend out onto Ross Avenue and flood the interior lobby with natural light. The Flora Street entrance will also be reshaped into a similar glass entry, while the ground floor of the Olive and Harwood Street corners will be extended toward Ross Avenue to create additional restaurant space.<\/p>\n<p>Stream and J.P. Morgan enlisted the help of international architect HOK to redesign the existing tower and Dallas-based HKS for the design of the new mixed-use development. Construction work on the two projects is set to commence this very month, with completion scheduled for the fall of 2018.<\/p>\n<p>\u201cThis substantial investment in Trammell Crow Center underscores our commitment to <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/tx\/dallas\/\" target=\"_blank\" rel=\"noopener\">Dallas<\/a>&#8211;<a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/tx\/fort-worth\/\" target=\"_blank\" rel=\"noopener\">Fort Worth<\/a>, where our North Texas portfolio includes $4.8 billion in assets comprising more than 30 million square feet,\u201d Dale Todd, executive director of J.P. Morgan Asset Management, said in a statement.<\/p>\n<p>\u201cThe primary objective for this project is to exceed tenant expectations in terms of amenities,\u201d added Sara Terry, vice president at Stream. \u201cRestaurants in this part of the city are particularly scarce despite more than 16,000 office workers within walking distance and we will meet that need.\u201d<\/p>\n<p>Built in 1984, the Class A tower at 2001 Ross Ave. is LEED Gold-certified and more than 92% leased. According to <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a> data, the tower is subject to a 40-year unsubordinated net ground lease held by CalPERS, set to expire in 2037. Current owner J.P. Morgan acquired the asset in 2004, as part of a portfolio deal with Crescent Real Estate Holdings.<\/p>\n<p>By Ioana Neamt<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stream Realty Partners and J.P. Morgan Asset Management are joining forces to renovate and expand Dallas\u2019 iconic Trammell Crow Center at 2001 Ross Ave. The $135 million project will mark the first major renovation of the 33-year-old postmodern tower, after which the high-rise will serve as \u201ca strategic cornerstone for The Arts District, in close&hellip;<\/p>\n","protected":false},"author":529,"featured_media":6543,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,39],"tags":[],"class_list":["post-6529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Makeover in Store for Dallas\u2019 Trammell Crow Center - 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