A historic Dallas property, dating back more than a century, could soon be moved to make way for a $250-million high-rise.

The Hôtel St. Germain, a boutique hotel located at 2516 Maple Ave. in Uptown Dallas, officially closed its doors in 2024. Now, new owners have plans to turn the property into a 23-story luxury hotel and residential tower. 

The tower, known as The Montclaire Hotel & Residences, would replace the vacant historic mansion onsite dating back to 1897. The property was Dallas’ first bed-and-breakfast inn, with just seven unique rooms, as reported by Culture Map. Through the years, the property has also operated as an insurance office, art gallery, computer school and even a 1960’s discotheque, according to Flashback Dallas.

The new development taking its place would include 12 to 15 residences, 65 hotel rooms and suites, a spa, restaurants and a small banquet facility, Robert Colombo of Ivy P3 Group told The Dallas Morning News. The total investment on the project is estimated between $200 and $250 million. 

“It’s going to be a beautiful, beautiful structure, ” Colombo told The Dallas Morning News in December. “We wanted it to be what’s appropriate for being the neighbor of The Crescent versus being the easiest thing to do, which is to put up a glass building.”

“The residential units will occupy the top 10 levels of the tower while the restaurant and retail spaces will occupy the bottom floors and the remaining levels will house the hotel,” Nunzio Marc Desantis Architects wrote on its website.

However, Colombo is reportedly adamant about moving the home to another site, rather than tearing it down, as reported by The Dallas Observer—a process that could cost between $350,000 and $500,000. Alongside Horizon Capital Partners, he envisions the Maple Avenue property’s replacement structure will resemble Manhattan in 1925 once complete. 

The transformation is just one of many ‘out with the old, in with the new’ developments to hit the Uptown Dallas areas, according to the Observer. An estimated $27 billion worth of developments are planned for the area, as reported by the Dallas Business Journal.