Dallas, Texas, December 12, 2025
NexPoint Diversified Real Estate Trust is proceeding with a $445 million redevelopment of Cityplace Tower in Dallas, promising a mixed-use development. The project includes 465 apartments, hotel accommodations in partnership with Marriott International, and a transformation of the area into a vibrant community hub. Groundbreaking for the first phase, called ‘The Apron,’ is expected within 6 to 9 months, marking a significant investment in the Uptown district’s revitalization.
Dallas, Texas
Cityplace Tower Transformation Advances with $445 Million Redevelopment Plan
In a significant move for Dallas’s economic landscape, NexPoint Diversified Real Estate Trust is moving forward with an ambitious $445 million redevelopment of Cityplace Tower. This project is not just about revitalizing an iconic structure; it represents a robust commitment to mixed-use development that will incorporate residential units and hotel accommodations. The planning is structured in four phases—beginning with “The Apron,” which will feature 465 apartments on 5.6 acres of land adjacent to the tower. The groundwork for this development is expected to commence within the next 6 to 9 months, pending the review of financing proposals. Collaboratively, NexPoint is also partnering with Marriott International to introduce two lifestyle hotel brands within the tower, enhancing the residential offerings with additional hospitality options.
The Cityplace Tower, situated at 2711 North Haskell Avenue, has been a landmark of Dallas since its acquisition by NexPoint in 2018. The redevelopment gained traction after Neiman Marcus announced its decision to vacate its longstanding headquarters in the building. This transition emphasizes the evolving nature of urban spaces in Dallas, where adaptability and innovation play crucial roles in economic growth. By transitioning from a primarily office-centric model to a mixed-use hub, NexPoint is poised to contribute to the revitalization of the Uptown district while supporting local entrepreneurial endeavors.
Project Phases Overview
The comprehensive redevelopment plan is broken down into the following four phases:
Phase One: “The Apron”
This initial phase includes the construction of 465 apartments across 5.6 acres adjacent to the tower. The aim is to create an accessible living space that fosters community and encourages urban living.
Phase Two: Hotel Integration
The collaboration with Marriott International will bring two lifestyle hotel brands into the Cityplace Tower, catering to both short-term visitors and long-term residents, thus elevating the local hospitality landscape.
Phase Three: Office-to-Residential Conversion
This phase will see the conversion of floors 34 to 41 from multi-tenant office space to approximately 98 high-end Class A multifamily units, redirecting commercial spaces into residences that meet the evolving demands of urban dwellers.
Phase Four: Site Enhancements
The final phase will focus on site improvements, including the development of additional residential units and retail spaces. This phase will also enhance access to the Cityplace/Uptown DART Station, benefiting public transport options for residents and visitors alike.
Significance of the Project
The Cityplace Tower redevelopment is not merely an investment in a single building; it is a vital contribution to Dallas’s urban environment. By integrating residential, hospitality, and retail spaces, the project aims to cultivate a vibrant, mixed-use community that fosters local economic engagement and promotes a sense of belonging. This approach underlines the importance of community-centric projects in driving future growth in the Dallas County economy, showcasing how local entrepreneurs and developers can lead the way in shaping the urban fabric.
Conclusion
The redevelopment of Cityplace Tower stands as a promising development for Dallas, potentially transforming the area into a vibrant hub of economic activity. This project illustrates the resilience of local businesses and the advantages of private investment in urban regeneration. As the city continues to evolve and adapt, initiatives like this can lead the way for future growth in Dallas, reinforcing the importance of community support for such transformational projects.
Frequently Asked Questions (FAQ)
What is the Cityplace Tower redevelopment project?
The Cityplace Tower redevelopment is a $445 million project led by NexPoint Diversified Real Estate Trust to transform the existing 42-story office building into a mixed-use development, including residential units, hotel accommodations, and retail spaces.
What are the key phases of the redevelopment?
The redevelopment is structured in four phases: “The Apron” (construction of 465 apartments), hotel integration with Marriott International, conversion of office space to high-end multifamily units, and site enhancements including additional residential units and retail spaces.
When is the groundbreaking for the redevelopment expected?
Groundbreaking for “The Apron” phase is anticipated within six to nine months, with financing proposals currently under review.
Who is collaborating on the hotel component of the redevelopment?
NexPoint is collaborating with Marriott International to introduce two lifestyle hotel brands within the tower, aiming to complement the upscale residences.
What is the significance of the Cityplace Tower redevelopment for Dallas?
The redevelopment represents a significant investment in Dallas’s urban landscape, aiming to create a vibrant mixed-use community that integrates residential, hospitality, and retail spaces, contributing to the revitalization of the Uptown district.
| Key Feature | Description |
|---|---|
| Project Name | Cityplace Tower Redevelopment |
| Investment Amount | $445 million |
| Developer | NexPoint Diversified Real Estate Trust |
| Location | 2711 North Haskell Avenue, Dallas, Texas |
| Project Phases | 1. “The Apron” (465 apartments) 2. Hotel Integration with Marriott International 3. Office-to-Residential Conversion (98 high-end multifamily units) 4. Site Enhancements (additional residential units and retail spaces) |
| Groundbreaking Timeline | Anticipated within six to nine months |
| Hotel Collaboration | Marriott International |
| Significance | Significant investment in Dallas’s urban landscape, contributing to the revitalization of the Uptown district |
Deeper Dive: News & Info About This Topic
HERE Resources
NexPoint Plans $445 Million Redevelopment in Dallas
Author: STAFF HERE DALLAS WRITER
The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
