Bank of America Tower Gains Momentum as Dallas’ Next Financial Hub Anchor
A potential headquarters deal could turn this new tower into the center of Dallas’ evolving financial district.
Nina Dale
March 19, 2026
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Good morning. As Dallas positions itself as a serious alternative to Wall Street, one project is drawing outsized attention. The Texas Stock Exchange could plant its flag in Uptown’s tallest tower.
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Power Tower
Bank of America Tower Gains Momentum as Dallas’ Next Financial Hub Anchor
Rendering courtesy of Pacific Elm Properties
Dallas’ tallest Uptown tower is rising, and it could soon house a new challenger to Wall Street.
Construction & timeline: The 30-story Bank of America Tower at Parkside, next to Klyde Warren Park, is slated for delivery in Q1 2027, with topping out in June 2026. The 500,000 SF Class AA project by Pacific Elm Properties, KDC, and partners is already well into vertical construction.
Tenant demand: Bank of America has preleased over 238,000 square feet across floors 19–27, anchoring the tower. Leasing demand remains strong, especially from financial and legal firms, as a more staggered development cycle helps Dallas avoid past oversupply issues.
Potential game-changer: The Texas Stock Exchange (TXSE) is eyeing the tower for its headquarters—a move that could boost the building’s profile. Launched in 2024, TXSE has raised about $275M from major backers including BlackRock, Citadel Securities, Charles Schwab, Goldman Sachs, and Bank of America.
Future hub: The exchange received SEC approval in 2025 and plans to begin trading this year, with ETFs expected in 2026 and corporate listings to follow. Currently in a temporary Knox-Henderson space, TXSE envisions a flagship Texas Market Center in the tower, featuring offices, a museum, and an NYSE-style broadcast studio.
The bigger picture: The Klyde Warren Park corridor is rapidly solidifying as Dallas’ financial hub, with nearby investments from JPMorgan, Goldman Sachs, Texas Capital Bank, and the Federal Reserve. The potential addition of TXSE would further cement Uptown’s status as the city’s new center of gravity for finance.
➥ THE TAKEAWAY
Big impact: Landing the Texas Stock Exchange would elevate Bank of America Tower at Parkside into a cornerstone of Dallas’ “Y’all Street,” boosting its push to rival legacy financial hubs.
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Around Texas
➥ A new master-planned community aims to transform long-overlooked southern Dallas with large-scale residential investment.
➥ A Texas development is reviving the “company town” model, blending housing and employment in a single master-planned vision.
➥ Austin is backing away from a major incentives deal tied to a $265M expansion, reflecting growing scrutiny over public subsidies.
➥ A $1B Southern Dallas development is a finalist for a free Elon Musk-backed tunnel linking it to DART rail.
➥ A proposed 1,000-room hotel aims to anchor Dallas’ convention center overhaul, signaling confidence in the city’s long-term tourism and events growth.
➥ Early looks at the Parkside tower highlight high-end design and amenity-driven office space as developers double down on premium workplaces.
➥ Dell is expanding its North Texas footprint, reinforcing the region’s pull as a corporate hub beyond Austin.
➥ Stratus Properties plans to liquidate, marking a notable shake-up for an Austin-based real estate player.
➥ North Texas universities like SMU and TCU continue to shape real estate through development pipelines and investor ties.
Follow the Money
| OFFICEHOUSTON Lincoln Property Co. is co-investing in its Houston office development, showing developers are taking on more risk to get deals done. |
| SELF-STORAGEODESSA A 578-unit self-storage facility in Odessa has sold, drawing investor interest to West Texas assets tied to energy markets. |
| MULTIFAMILYDALLAS Dwight Capital has issued financing for a Dallas apartment property as capital continues flowing into multifamily. |
| CONDODALLAS Mehrdad Moayedi purchased units at Bleu Ciel, making another acquisition in Dallas’ high-end condo space. |
| MULTIFAMILYDALLAS Clover Capital acquired two Dallas-area multifamily properties totaling 400+ units, spanning both new construction and value-add assets. |
| OFFICEHOUSTON Houston’s Westchase office campus is seeing a burst of leasing activity, hinting at selective strength in the office market. |
| INDUSTRIALCEDAR PARK Prologis is underway on a 786K SF warehouse development in Cedar Park to capture industrial demand in Central Texas. |
| OFFICEDALLAS HFI Capital Management is relocating its office to Dallas’ Design District, joining a growing cluster of firms in the area through relocation. |
📈 CHART OF THE WEEK
Office tenants in major markets like Dallas and Los Angeles are increasingly relocating from traditional downtowns to higher-quality, amenity-rich submarkets such as Uptown Dallas and Century City.
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