Adolfson & Peterson Construction (AP), a national, family-owned construction management and contracting company, recently completed the multifamily adaptive reuse project at the iconic 50-story Santander Tower in Downtown Dallas.
AP broke ground on the project in Summer 2022. Peridot Residences was designed by mixed-use developer, Mintwood Real Estate, and building ownership, Dallas-based Pacific Elm Properties, to build 291 multifamily units across 14 floors of former office space.
“Downtown Dallas is undergoing an impressive revival, led by projects like the adaptive reuse of Santander Tower,” said Will Pender, Regional President at Adolfson & Peterson Construction. “With recent developments like the AT&T Discovery District and the new convention center, people are returning to live, work and play in the city’s heart.”
Santander Tower is located at 1601 Elm Street in the heart of the historic Dallas Main Street District. Pacific Elm Properties invested more than $40 million to update all building systems and refurbish common areas including the lobby and plaza. Pacific Elm Properties worked with Mintwood to create a true vertical mixed-use development with on-site dining options, a boutique hotel and residential transformation.
“Building on the existing success of Santander Tower, we are honored to have partnered with Pacific Elm, AP and many more to bring this project to completion,” said Katy Slade, Principal and Founder of Mintwood Real Estate. “This development sets a new standard for mixed-use spaces, offering a seamless blend of innovative residential units, exceptional amenities and curated retail and restaurant experiences. Our goal was to create a vibrant urban community where residents and visitors alike can connect, work, and live in a dynamic and inspiring environment.”
Over the past two years, adaptive reuse has surged across the U.S., transforming architecturally significant and abandoned spaces into vibrant, modern venues. Downtown Dallas has embraced this trend with over 20 active construction and development projects.
Mastering adaptive-reuse logistics required AP to carefully plan and implement creative solutions, especially in an active office setting. Early involvement helped AP uncover and address potential issues, minimizing change orders and streamlining the process for architects and consultants.
“In addition to thoughtful planning and creativity, adapting portions of Santander Tower for residential use required close collaboration with AP, the client and design consultants,” said Robyn Jacobson, Managing Principal, WDG Architecture. “We’re thrilled with the result and grateful for the opportunity to contribute to such a significant project.”
AP Gulf States is working on several Texas projects including The SportsPark Center and The Reecy Davis Center with the city of Greenville, along with the recently completed Mid Cities Logistics industrial facility in Fort Worth as well as projects at the University of North Texas in Denton and the Clements Hall Scholars Den at Dallas’ Southern Methodist University. Additionally, AP’s Central Texas office was recently awarded two Austin ISD high schools and is currently constructing Cross Creek Behavioral Health Hospital in Austin. Other notable completed projects include the PGA of America headquarters in Frisco, Vari’s global headquarters, with VariSpace Coppell, and Building 18 at Billingsley Company’s International Business Park in Plano.
Adolfson & Peterson Construction (AP) is a leading national construction management firm and consistently ranked as a Top 100 Contractor by Engineering News Record (ENR). For more than 75 years, AP has remained a trusted family-owned business known for quality, reliability and strong partner relationships while maintaining a solid safety record. The company offers preconstruction, construction and contracting services to the commercial, education, healthcare, hospitality, industrial, multifamily, municipal, recreation and senior living market segments. It currently employs more than 600 team members and thousands of subcontractors and trade partners in Arizona, Colorado, Minnesota, Texas and Wyoming. Dedication to clients, communities and employees, as well as a commitment to core values and innovation, has allowed AP to remain an industry leader and dependable construction partner for decades. Find more information at www.a-p.com or follow on Facebook, LinkedIn, and Instagram. AP is committed to creating a diverse, equitable and inclusive workplace and is an Affirmative Action/Equal Opportunity Employer.
Mintwood Real Estate, founded in 2018 in Dallas, Texas, builds forward-looking and valuable mixed-use and multi-family communities. Mintwood and its entrepreneurial team create distinctive, institutional-quality products that seek to redefine experiences for neighborhoods and their residents. The Mintwood team has built more than 4,000 residential units and more than half a million square feet of retail throughout Texas and across the nation, in addition to facilitating multiple acquisitions, dispositions, and re-zoning successes. To learn more about Mintwood, visit www.mintwoodre.com.
Pacific Elm Properties was formed by and is managed by Woods Capital, founded by Jonas Woods in 2007. The Pacific Elm team has been an active participant in the real estate market as an investor, developer, and manager of real estate assets for over 30 years and has completed over $6 billion in real estate acquisition and/or development transactions including office, residential, industrial, retail and mixed-use properties.
