Construction crews were high up overlooking Klyde Warren Park on Tuesday morning installing windows, and concrete is being poured for the 24th floor of a $433 million high-rise that will be soon be Uptown Dallas’ tallest tower.
Bank of America Tower at Parkside is expected to reach its highest point in June, and construction on the high-rise will likely finish in March 2027.
The 500,000-square-foot tower is expected to be a new landmark for the Dallas neighborhood that is establishing itself as the region’s new financial district.
“We think Klyde Warren Park is becoming the cultural and economic center of gravity for Dallas,” said Billy Prewitt, CEO of Pacific Elm, which co-owns the tower.
D-FW Real Estate News
Reegan Busby (right), the Pacific Elm Properties vice president of leasing, stands on the 16th floor of the new Bank of America Tower that’s under construction in Uptown Dallas on March 10, 2026. The building, which has an unobstructed view of the Dallas skyline, is across the street from Klyde Warren Park.
Tom Fox / Staff Photographer
As the name suggests, Bank of America will serve as the tower’s anchor tenant. The investment bank and financial services firm will occupy more than 238,000 square feet on Floors 19 through 27.
Bank of America plans to move its roughly 1,000 Dallas employees to the new tower by the end of 2027.
Roughly 250,000 square feet remain on the open market, Pacific Elm said. Negotiations are ongoing with potential tenants.
The tower is among locations being considered for the Texas Stock Exchange headquarters, two people with knowledge of the search told The Dallas Morning News.
KDC is the project’s developer. Joining Pacific Elm on the venue is the Miyama family, owners of the site. Sixth Street Capital is also part of the venture.
New York-based Kohn Pedersen Fox is the project’s architect, and OJB, the designers behind Klyde Warren Park, will handle Parkside’s landscape architecture.
Plans for the project have been long in the works. KDC first announced plans for the tower in 2020. Demolition began in late 2023.
The building was designed during the COVID-19 pandemic, and that’s informed at least part of the high-rise’s design. The tower will feature a MERV 13 hospital grade filtration and floor-by-floor fresh air intake system.
Looking out the window frame on the 16th floor, construction worker David Ramirez lines up the fitting for a window pane of the new Bank of America Tower on March 10, 2026. The Fountain Place buildings and Reunion Tower can be seen in the background.
Tom Fox / Staff Photographer
“It was … a thoughtful design element maybe more relevant in 2023 than it seems today but could become very relevant again in the future, so it was something we decided to keep,” Prewitt said.
Amenities at the site include a 12th-floor sky lobby, golf simulator, four terraces as well as a coffee and cocktail bar. The tower will feature 10 levels of parking above ground and seven below. Roughly 7,000 square feet of retail will be on the ground floor.
The development group is seeking LEED Gold certification for the site — a globally recognized, high-level green building rating determined by the U.S. Green Building Council.
The tower will feature rainwater and gray water reuse and high-efficiency chillers. A green wall will cover a sliver of the tower’s lower segment, a nod to the massive 5.2-acre park it calls a neighbor.
Prewitt said his firm has plans for a second phase that would be roughly the same size as Bank of America Tower at Parkside. Plans currently call for an office-only project, but other uses could be mixed in.
Pacific Elm has no timeline regarding the second high-rise as it searches for an anchor tenant.
“This is continuing to solidify Dallas as the largest financial services hub outside of New York,” said Sara Terry, Pacific Elm’s chief marketing officer and executive vice president of leasing.
A panoramic view of the Dallas skyline from the Bank of America Tower that’s under construction across the street from Klyde Warren Park in Uptown Dallas.
Tom Fox / Staff Photographer
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