Granite Starts Office Tower Anchored by Bank

DALLAS– (Realty News Report) – Granite Properties will start construction in June on a 26-story, 626,215-SF development in Uptown Dallas

Granite has signed a lease with Bank OZK, which will occupy four floors of the buildings and provide construction financing for the project, which is called 23Springs.

Designed by GFF Architects, with DPR Construction as the general contractor, 23Springs will be the largest office building in Uptown upon delivery. The elegant glass tower will feature double X-brace columns while becoming a striking new presence in the Dallas skyline. 23Springs will feature two restaurant buildings and a street-level park

Little Rock-based Bank OZK, formerly known as Bank of the Ozarks, will occupy 110,029 SF in 23 Springs. The bank was established in 1903.

“We could not be happier to provide Bank OZK a brand-new regional headquarters in our most recent development in Dallas. Bank OZK’s commitment is a testament to the project, and we look forward to realizing our vision for 23Springs together. The opportunity to expand Granite’s relationship with them, as a customer and as a lender, makes this announcement even more exciting for us,” said Will Hendrickson, Senior Managing Director, Granite Properties.

23Springs is located on the corner of Cedar Springs and Maple Avenue in Uptown Dallas.

Stream Realty Partners recently broke ground on office tower called the QUAD in the area, on the north side of downtown.

Bank OZK was represented on the lease transaction by Robert Blount of JLL and Granite was represented by Robert Jimenez and Burson Holman of Granite. John Fox of Bank OZK represented Bank OZK, and Bill Sladek and Amanda Gadison of Condon Tobin represented Granite as lease attorneys. Jim Curtin of JLL represented Granite in securing the construction loan through Bank OZK. Lewis Kasner and Marisela Gonzales of Jackson Walker represented Granite as attorneys for the loan and development investment. Nam Tran of Winstead represented Bank OZK on the loan transaction.

The building’s sustainability features will include a rainwater harvesting system and low flow water fixtures, reducing indoor water consumption by 50% and energy consumption by 14%.  EV charging stations and bike storage and is designed to achieve LEED Silver and Fitwel certifications.


April 7, 2022 Realty News Report Copyright 2022

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Rendering: Architecture by GFF

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