\u201cThis project will be small in stature, but it will be executed at a level that we don\u2019t have a tremendous amount of competition with right now,\u201d he said.<\/p>\n
The for-sale units are expected to be roughly 3,000 square feet and will occupy the tower\u2019s top 10 floors. Buyers could opt to take a full floor, giving them roughly 6,000 square feet, Colombo said. <\/p>\n
Retail and restaurants will occupy the bottom floor, and the hotel will occupy the remainder.<\/p>\n
Talks on branding for the hotel and residential tower are ongoing. Colombo estimates the total investment on the project will be $200 million to $250 million. <\/p>\n
The project could start moving forward in May as designs are finalized. The first shovel is expected to hit the dirt in May 2027, and the tower could open in spring 2030, he said.<\/p>\n
![\"This](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/02\/LAZSYEILBNBOPKUE3KTKWI5JLE.jpg\")
<\/p>\n
This is the Monclaire Hotel & Residences, which developer Robert Colombo hopes to begin building along Maple Avenue, on the former Hotel St. Germain site, within the year.<\/p>\n
Courtesy St. German Development LLC\/Nunzio Marc DeSantis Architects<\/p>\n
The tower will replace the former Hotel St. Germain<\/a>, a Victorian mansion built in 1897 and updated throughout the decades. The Dallas Morning News called the property \u201cone of the city\u2019s earliest homes\u201d in October 1947 coverage.<\/p>\n Colombo said he\u2019s in talks with several groups about moving the home to another site. Firms have estimated the cost to move the mansion would run $300,000 to $500,000, he said.<\/p>\n \u201cWe\u2019re going to do everything in our power, and we\u2019ve talked to city planning about not tearing it down,\u201d he said.<\/p>\n Colombo\u2019s Ivy P3 Group<\/a> and Horizon Capital Partners have joined forces for the project. Dallas-based Nunzio Marc Desantis Architects is serving as the lead architect.<\/p>\n The project received the Oak Lawn Committee\u2019s blessing this past summer. While not required, developers bring projects before the body to drum up support.<\/p>\n It\u2019s the latest Dallas venture for Colombo, a native New Yorker with 40 years of hospitality experience.<\/p>\n He\u2019s held executive positions at various hotel properties, including a stint at New York\u2019s Plaza Hotel.<\/p>\n Colombo made his name in Dallas in the 1980s when he helped bring San Simeon and Sfuzzi to McKinney Avenue. He was also part of the development of The Joule hotel in downtown Dallas.<\/p>\n \u201cDallas is not a sleepy city anymore,\u201d he said. \u201cUptown is probably one of the most important areas in the county from a financial and development perspective.\u201d<\/p>\n The company announced last month that downtown Dallas would no longer be its corporate home.<\/p>\n The tower\u2019s tenants include the engineering and design firm Jacobs.<\/p>\n","protected":false},"excerpt":{"rendered":"A planned luxury hotel and residential tower in Uptown Dallas with a more than $200 million price tag…\n","protected":false},"author":2,"featured_media":149867,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[129,102,104,103,111,131,5391],"class_list":["post-149866","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-commercial-real-estate","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-real-estate","tag-residential-real-estate","tag-uptown-dallas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/149866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=149866"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/149866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/149867"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=149866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=149866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=149866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"An](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/02\/K2V6OXO7XVGSHKG6XLUZPA5BZQ.jpg\")
<\/a>AT&T\u2019s planned Plano headquarters is a step closer to reality<\/a><\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2026\/02\/1770166214_566_2HUJHZQF2BG7NBVY5QS43AIPSQ.jpg\")
<\/a>36-story downtown skyscraper doesn\u2019t sell at auction, plans unclear<\/a><\/p>\n