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Maple Avenue office project getting makeover as neighborhood revamps
September 19, 2014
Steve Brown, Real Estate Editor
The transformation along Dallas’ Maple Avenue will soon include another building overhaul.
Owners of the Oak Lawn Plaza office building at Maple and Oak Lawn avenues are going to spend almost $4 million rebuilding the property.
The office high-rise is across the street from the landmark Old Parkland campus, where Crow Holdings has spent millions in redevelopment and construction. And the surrounding neighborhood is seeing a building boom with new apartments and townhouses.
“We think the timing is perfect for our renovation,” said Belinda Dabliz, vice president of leasing for building owner Gaedeke Group LLC. “There are a lot of positive changes happening in that area, and it’s time for us to update our property.”
Built in 1983, the eight-story, 130,000-square-foot building has been owned by Gaedeke Group since 1998.
Tenants in the building include The Dallas Observer, B2B Web Ventures LLC, HG Deposition and Litigation Services.
The building, which is more than 70 percent leased, is known for its giant bottle-brush metal sculpture out front. The owners decided to trade in the 1980s look for something more contemporary.
The lobby will be gutted, rebuilt and significantly expanded.
“Now it’s all dark granite and gray,” Dabliz said. “It’s going to be white and bright and crisp.”
Gaedeke Group plans to begin work on the project in October and complete it in mid-2015.
The building owner has hired award-winning Dallas architect Morrison, Dilworth + Walls to redesign the property.
“It seemed pretty clear to me from the beginning that I needed to simplify and open up the lobby,” architect Mark Dilworth said.
Gaedeke Group has already done a major makeover on two of its Dallas office buildings.
The investor spent more than $5 million redoing its One McKinney Plaza office tower in Uptown, which was built in 1985. It also remodeled the lobby of its Banner Place building in North Dallas.
CEO Sabine Gaedeke Stener said the Oak Lawn Plaza remodeling will be another significant change.
“Our building has modern sensibility and an excellent location in a neighborhood,” she said. “We want Oak Lawn Plaza to be positioned for the 21st century and beyond.”
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