Massive Renovation Helps Fountain Place Secure 500,000 SF in Renewals
May 25, 2017— A number of major renovation projects are in the works along Ross Avenue in downtown Dallas . Arguably the most significant is the redevelopment of Fountain Place , where owner Goddard Investment Group was the first to kick off activity in this cycle. The $ 70 million renovation includes office tower enhancements and a new 10-story garage with four plaza- level restaurants at its base. Additionally, AMLI Residential is developing a stunning new 45-story, luxury apartment high -rise at the corner of Field Street and Munger Avenue. The redevelopment of Fountain Place has been a key factor in securing renewals from five major office tenants . The latest to recommit is Bracewell LLP , whic¬h recently extended its lease for nearly 40,000 square feet. This follows renewals from Wells Fargo (123,650 square feet) and Gerald Ray (11,500 square feet) earlier this year. The first two big tenants to recommit were Tenet Healthcare (240,000 square feet) and Hunton & Williams...