Fasken Center - Tower 1, Floors 7, 8, and 11 Renovations

The Fasken Center - Tower 1, Floors 7, 8, and 11 Renovations project involves interior updates to 27,907 square feet of tenant space within an existing Midland high-rise. Located at 500 W Texas Ave, this renovation/alteration is registered with TDLR and targeted for June 2027. The work focuses on modernizing the interiors of floors seven, eight, and eleven, a scope that distinguishes it from structural or exterior modifications.

Tall City Towers LLC is the owner of record for this privately funded project. The filing lists Parkhill as the design firm, a firm that has registered six other TDLR projects totaling $130,886,339 across Texas. The estimated cost for this specific tower renovation is $1,534,885, which works out to $55 per square foot. This per-square-foot rate is below the Midland County median of $80 for similar renovation filings, even though the total project cost sits in the top quarter of local records.

Construction Timeline and Status

The project was registered with TDLR in September 2026, with construction scheduled to begin in October 2026. The filing indicates a build window of 272 days, which is longer than the county median of 122 days for comparable renovation projects. Plan review is pending, and the completion date on the filing is targeted for June 2027. Stephen D Macphie is the registered accessibility specialist associated with the project, ensuring the renovated spaces meet current accessibility standards.

Midland County’s construction activity includes 168 registered renovation and alteration projects in the last 24 months. The median estimated cost for these filings is $250,000, with a median size of 5,000 square feet. The Fasken Center project is significantly larger in scope, covering nearly 28,000 square feet. The area profile for ZIP code 79701 shows a population of about 27,678 and a median household income of $57,679, according to U.S. Census ACS 2023 estimates. The local housing market is mostly owner-occupied, with a median home value of $204,000.

Tall City Towers LLC has two other closed projects in Midland, including the Fasken Towers and a floor renovation at 550 W Texas Ave. The current project continues the company’s presence in the Midland office market. The design firm Parkhill is also involved in major projects such as the Kress Building in Amarillo and Covenant Medical Center in Lubbock. This tower renovation represents a significant investment in the Fasken Center’s interior infrastructure, aiming to update the tenant spaces on three specific floors.