2401 Cedar Springs

Commercial Real Estate

1980s-era Uptown Office To Be Renovated, Add Restaurant

After purchasing 2401 Cedar Springs Road earlier in 2018, Crescent Real Estate is moving forward on redevelopment of the seven-story office.

In January, Crescent Real Estate purchased 2401 Cedar Springs Road in partnership with Goldman Sachs Asset Management Private Real Estate. This week, Crescent has released details for the redo of the 1989-era office building. When the renovation is complete on the seven-story building in early 2019, it will create 200,000 square feet of office space.

Corgan architects will turn the fortress-style office into amore walkable and active building, Crescent says. Top of the priority list: a restaurant along Maple Avenue with an outdoor patio. The property sits near The Crescent, which we asserted in our special edition on New Urbanism is plagued with bad neighbors who do not prioritize pedestrians. The redo of 2401 Cedar Springs will have a pass-through lobby that connects Maple Avenue and Cedar Springs.

“I’ve been eyeing this property my entire career, and I knew it was something that Crescent should own,”Crescent Managing Director John Zogg said in a statement. “Here’s an opportunity for businesses of every size—from professional firms to large companies—to relocate their home to this central location in Dallas’ most vibrant neighborhood.”

The lobby redo will have plenty of natural light, and amenities such as a fitness center, multipurpose conference room, and a golf simulator. A cafe area for tenants will have self-serve coffee, snacks and “gourmet” vending, according to a release.

Zogg has already gotten lots of interest for the restaurant. No word yet on office tenants.

Corgan and Crescent are also working together on Corgan’s expanded West End office called The Luminary. The multi-tenant office owned by Crescent will also open in early 2019.

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