An 18-story Uptown Dallas tower has dropped its moniker of more than 30 years as owners begin a multi-million-dollar capital improvement project.
Chateau Plaza will now be called 2515 McKinney to highlight the property’s opportune address in the increasingly popular submarket known for its diverse mix of residential, retail, and office spaces. The property is owned by institutional investors advised by J.P. Morgan Global Alternatives.
J.P. Morgan Global Alternatives worked with Stream Realty Partners to reimagine the building’s identity as a complete renovation starts on the lobby, tenant lounge, public corridors, and boardroom. A fitness center and outdoor patio also will be added to enhance the tenant experience and attract companies seeking employee-centric office spaces in buildings with modern amenities. Dallas-based Entos Design has been retained to oversee the design and construction, which is expected to wrap up in the fall.
Stream, a national commercial real estate firm offering an integrated platform of services, is headquartered in Dallas and provides leasing and property management services at 2515 McKinney. Managing Director Rhett Miller and Associate Patrick Cruz serve as leasing agents. Blair Miller is the Property Manager.
“We look forward to seeing 2515 McKinney reach its full potential as we add amenities and upgrade spaces designed for our tenants and their employees,” said Dan Minkoff, an Executive Director at J.P. Morgan in a statement. “Office demand is migrating to quality, and we plan to deliver just that. 2515 McKinney will provide tenants with among the most productive and enjoyable workplaces in the Uptown submarket.”
Chateau Plaza was built in 1985 and last renovated in 2011. The building, with 178,970 square feet, sits on the corner of McKinney Avenue and Fairmont Street, near a host of fast-casual restaurants and popular retail shops. Interstate 35 East, U.S. 75 (Central Expressway), and Woodall Rogers Freeway (Texas Spur 366) are all easily accessible for commuters.
“The planned renovations for 2515 McKinney will create a best-in-class office experience for our tenants and reposition the building as the premier place to office in Uptown,” Rhett Miller said. “2515 McKinney’s tenant experience will reach far beyond the walls of the building, as it is in the heart of Uptown and surrounded by amenity-rich neighborhoods, checking all the boxes for a true Class A destination.”
2515 McKinney is home to the privately held, state-chartered financial institution Nexbank; national healthcare strategy and transaction advisory firm VMG Health; and national business advisory company Riveron. The building offers suites from around 1,500 square feet to full floors–including the 13th floor available in November 2023 and the 10th floor available in June 2024–at more than 18,000 square feet.