**Comerica Tower Slated for Major Transformation**
Slate Asset Management, the owner of the iconic 60-story Comerica Bank Tower in downtown Dallas, is partnering with Stream Realty Partners to launch a major redevelopment of the building. The duo plans to transform the high-rise into a vibrant mixed-use destination, incorporating residential units, a hotel, and streamlined office space.
Located at 1717 Main Street, the tower was acquired by Slate in 2024. The structure currently offers 1.5 million square feet of office space and is approximately 50% leased—primarily by Comerica Bank. However, Comerica’s lease is set to expire in 2028, and with the bank’s anticipated acquisition by Fifth Third Bank, its long-term presence in the tower is uncertain.
The redevelopment plan includes significantly reducing the office footprint and introducing a 242-room hotel spanning the 9th through 18th floors. The upper levels will be converted into 240 residential units offering panoramic city views. Additionally, more than 10,000 square feet on the ground level will be reimagined for retail, including a curated mix of restaurant spaces.
The transformation will also feature a standout amenity for hotel guests and residents: a rooftop pool deck and ballroom positioned atop the building’s garage, adding a luxe touch to the evolving skyline fixture.
The redevelopment of Comerica Bank Tower represents a growing trend of repositioning older office buildings in urban cores to meet changing market demands and lifestyle preferences.
