DALLAS — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
The first residents of Hines' new Maple Terrace Residences are settling into the high-end apartment complex that combines history with modern luxury in Uptown Dallas.
The 22-story Maple Terrace Residences features 345 units, including nine penthouses on the top floor. Apartments range from 601 to 2,879 square feet and rents start at $2,400 for a studio and go up to $16,000 for a penthouse.
The apartment tower was constructed behind the historic Maple Terrace building, which gives the site its name.
Maple Terrace was one of the city's first luxury residential high-rises when it opened nearly a century ago. Hines bought the 3.4-acre site in 2020 and in 2021 began construction on a project to convert the original building into offices while erecting apartments between the original building and Bookhout Street.
The apartment building opened in May. Corbin Eckel, managing director at Hines, called it a "reimagined Dallas landmark" that "offers an unparalleled living experience."
Hines, a Houston-based real estate investment manager with a large and growing North Texas portfolio, recently welcomed Dallas Business Journal for a tour of the apartments.
Notable amenities include an expansive gym with two infrared saunas, a lounge, a "secret garden" and a resort-style pool that will offer food and beverage service on the weekends and during summertime.
The care that went into the architecture and and interior design of the building are a draw of their own, Eckel said during a tour of the building at 3003 Maple Ave.
The apartment building is about 10% occupied, Eckel said.
Meanwhile, the original Maple Terrace building is now home to 157,000 square feet of class A office space across nine floors. The office space is about 20% leased and tenants range from private equity firms to family offices, Eckel said.
Matthew Schendle and Carrie Halbrooks of Cushman & Wakefield handle leasing of the Maple Terrace offices, Eckel said.
The development also has 15,000 square feet of street-facing restaurant space attached to the historical building. The space has been earmarked for upcoming restaurants that are set to open later this year: Catch Dallas, the first Texas location of a chain with restaurants from New York to Los Angeles, and Doce Mesas, a Mexican mini-chain by restaurateur Mico Rodriguez.
Thomas Glendenning from SHOP Companies handled leasing for the two restaurants.
"We envisioned this building as a boutique office building, so converting it to a smaller office building, if you will, that had a lot of high-end touches, a lot of amenities... helped tenants really kind of enjoy a lifestyle," Eckel said.
5G Studio led design of the two restaurants and the office side of Maple Terrace. The residential tower was designed by GFF. Rotett Studio designed the interior of both the office and residential buildings.
