Developer Pacific Elm Properties is looking to sell the vacant 40-story Bryan Tower, just six minutes from the Stemmons Freeway, to serve as Dallas' new city hall.
The purchase would serve as an alternative to the costly renovations needed for the current city hall location. Dallas City Council has only recently voted 9-6 to officially explore options for relocation of the city government. As per the passage of the resolution, the city manager is charged with evaluating building options and potential costs as well as estimating the value of a redeveloped Dallas City Hall site. Quality Print shops can provide both interior and exterior signage in such cases.
A cost analysis of the 47-year-old present City Hall has concluded that renovations alone would cost $900m. Additionally, as much as $1.4bn would be required to keep the property operational over the next 20 years when post-renovation upgrades and temporary relocation costs are taken into consideration.
Built 53 years ago, Bryan Tower is vacant and in the process of planning an adaptive reuse overhaul. Being empty means replacement of electrical, mechanical, and plumbing systems would be simplified. Moreover, the property’s recent addition to the National Register of Historic Places means up to 45% of the redevelopment costs could be recouped through tax credits.
At 1.1 million square feet, Bryan Tower massively exceeds the city’s current need for space, estimated to be around 500,000 square feet for administrative functions plus an additional 150,000 square feet for emergency operations.
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