Bank of America's pending move to Dallas' Uptown is the latest win for the booming area. But the planned departure puts more clouds on the future of downtown's ...
“The robust performance of the Uptown Dallas market undeniably highlights its strength and validates the trend toward high-quality, walkable spaces over the last three years,” said Jihane Boury, vice chairman in the Dallas office of international real estate firm Savills. ”Many of our clients are relocating from their previous premises to secure fresh, appealing spaces that can attract and retain top talent and motivate employees to return to the office.
“Given Bank of America will be the lead tenant, I think this building, too, will do very well in its continued lease-up particularly given that it will overlook the Klyde Warren Park,” Puckett said. The bank’s departure from Main Street will leave a big vacancy in the 72-story Bank of America Plaza, which is currently about 70% leased. The bank is one of the largest private-sector employers downtown.“We look forward to continuing our strong partnership with Bank of America in the nearly four years that they will continue to be based in downtown and long after their move just across Klyde Warren Park,” Jennifer Scripps, CEO of Downtown Dallas Inc., said in an email.
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