J.P. Morgan International Options, along with Stream Realty Companions, accomplished a multimillion-dollar enchancment plan for 2515 McKinney, an workplace tower in Dallas. Entos Design was the architect and Michael Walker Development served as normal contractor. Previous to its rebranding, the property was often called Chateau Plaza.
The constructing rises 18 tales and spans 178,970 sq. toes. Accomplished in 1985, it beforehand underwent a beauty renovation in 2011. This most up-to-date spherical of enhancements, which commenced in April 2023, introduced new facilities comparable to a health middle, tenant lounge, convention middle and an out of doors patio, additionally enhancing finishes and designs.
JP Morgan Asset Administration acquired the tower in 2005 for $31.3 million, in accordance with CommercialEdge knowledge. The LEED-certified constructing includes workplace suites starting from 1,500 sq. toes to 18,000-square-foot full flooring. Tenants on the property embrace VMG Well being, Riveron and Cloud 10 Studios, the identical supply exhibits.
Situated in Uptown Dallas, 2515 McKinney is lower than 2 miles north of the metro’s downtown. It’s some 3 miles from the Parkland Well being normal hospital and 4 miles from the Dallas Love Discipline Airport. The constructing can also be inside strolling distance of the Uptown Plaza Dallas shopping center.
As of January, the common itemizing charge in Dallas clocked in at $26, representing an 8.3 % year-over-year drop and beneath the nationwide charge of $3, in accordance with a latest CommercialEdge report. Emptiness within the metro reached 19.7 %, climbing 1.8 % over 12 months, above the 18 % nationwide determine.