US Assets Renovation in Dallas, TX

A 1,843 sq ft renovation of an existing space at 1601 Elm Street in Dallas Downtown Historic District is registered under the project name US Assets Renovation. The work, filed in March 2020, involved an estimated cost of $110,000, which equates to $60 per square foot. This project is part of the Thanksgiving Tower complex, a building that third-party sources note was formerly known as Thanksgiving Tower and is now associated with Santander Tower.

Woods Capital is listed as the owner of record, while the Beck Group served as the design firm. Fred Dean Shinault is the registered accessibility specialist associated with this filing. The project is privately funded on private land for private use. In the Dallas County market, this estimated cost is below the median for similar renovation filings, and the $60 per square foot rate is also below the county median of $72.

The scheduled build window for this project was 104 days, a duration close to the 92-day median for comparable work in the county. Plan review was completed in March 2020, and construction was scheduled to finish in June 2020. However, TDLR has not yet recorded a final inspection, so the current state of the site is not confirmed in the public record.

Woods Capital has six other TDLR-registered projects in Dallas, including renovations at Bryan Tower and Santander Tower, with a combined value of $48,885,000. The Beck Group has also worked on other Dallas projects, such as the Meadows Museum and Pavilion on Lovers Lane. The site is located in a ZIP code with a median household income of $101,098 and a median owner-occupied home value of $649,700, according to Census estimates.

Nearby businesses include The Adolphus, The Joule, and Aloft Dallas Downtown. While the filing indicates a completion date of June 2020, the lack of a final inspection record means the public file does not verify the physical completion of the renovation work.