1401 Elm Street
DALLAS — A downtown Dallas high-rise may soon be getting a big makeover.
A city committee voted Monday to send the project at 1401 Elm Street to the full City Council.
It would bring residential, retail, restaurant and office space to the 52-story tower.
There would be an observation deck on the fifth floor and an outdoor plaza on the ninth level.
Your tax dollars will help pay for the $151 million project, if approved by the Council. The city is interested because $50 million of it would be paid through tax-increment financing.
If approved, the renovation would begin in August with a scheduled completion date of December 2016.
The building opened in 1965 as the First National Bank Tower. It was closed in 2010.
Only nine other buildings in Dallas are taller.