The Building
Historic. Luxury.
Located on an entire Dallas city block at Elm Street, Pacific Avenue, Akard Street and N. Field Street, plans for THE DREVER mixed-use project include best-in-class multi-family, hotel, retail, restaurants, office, spa and parking. The 52-story, 1.5-million-square-foot skyscraper is designed to offer a luxury residential and elegant boutique hotel option with contemporary, inviting and culturally rich public and private spaces.
"THE DREVER will transform one of the most vital areas in the heart of Downtown Dallas, infusing life into a full city block that has been dark for nearly a decade. Its innovative design and structure will be noted in the building’s LEED designation, the exterior marble restoration, exterior lighting, and the second exterior level on 9th floor. The Thompson Hotel, amenity deck, art installations and public spaces will be prime destinations for all of Dallas and beyond, and the creative office space and apartments will offer something unique in the market.
Sitting at well over one million square feet, this project has been one of our most complex for Downtown. The financing of the building includes a unique structure that made the project financially possible."
- Kourtny Garrett, President and CEO, Downtown Dallas Inc.
Centrally Located
Juxtaposed near luxury iconic Dallas retailers, Neiman Marcus and Forty Five Ten, and steps away from the Dallas Area Rapid Transit’s (DART) Akard Street Station, THE DREVER is within walking distance of the Dallas Arts District, Klyde Warren Park, downtown restaurants and office towers.In Good Company
Four DART lines stop at the footsteps of THE DREVER’s door, including a train that runs to DFW International Airport. THE DREVER is located in the center of the city's burgeoning central business district with a DART station located along one side of the building. The Main Street District outside THE DREVER’s front entrance doors is a vibrant neighborhood corridor.
Peerless Views
The 49th floor will offer a destination restaurant and bar open to the public and operated by the hotel. The 50th floor will feature an observation deck open to the public that provides 360-degree views of Dallas and has snack and beverage service.
Amenity Deck + Restaurant & Bar
The 9th and 10th floors will feature a wraparound amenity-rich entertainment and relaxation deck at the roof of the base element with a resort style pool, ultra-luxurious tranquil spa, fitness centers, fire pits and refreshing food and beverage options available to residents, hotel guests and the public. A dog park and dog concierge will also be available to building residents and hotel guests.Our Location
In 2000, downtown Dallas had less than 200 residents. In just over ten years, its population has grown to more than 45,000 residents within the downtown’s 15 districts (approximately 10,000 of those in the core) and a daytime workforce of 150,000 in the urban core alone. THE DREVER is located in downtown Dallas’ vibrant Main Street District, which is home to landmark destinations including Neiman Marcus’ flagship store and headquarters, the Joule Hotel and the home of Forty Five Ten (a 38,000 SF high end soft goods retailer).
Dallas is part of the 4th largest metropolitan area in the nation – its population of 6.945 million has increased almost 5% since 2013.
Compared to New York City at $9,411 and Los Angeles at $9,705, average retail sales per capita in Dallas are $12,837, contributing to its financial strength and stability.
Third in the nation for the number of jobs added and the rate of job growth, especially in the more lucrative professional and business sectors.
Map
Walk Score 97
Press
THE DREVER Commences "Parthenon" Marble Makeover
Read ArticleA Heart of Stone
Read ArticleFamous Dallas Skyscraper Finally Finds Life as a High-Rise Hotel
Read ArticleLargest North Texas Construction Projects
Read ArticleDFW Construction Hits Peak
Read ArticleThe Largest Historical Redevelopment in Texas
Read ArticleDrever’s Reuse of Marble is Unprecedented in Scale
Read ArticleRestoring the Stone
Read ArticleFive Decades of Dallas Skyscrapers
Read ArticleAn exclusive look at how Maxwell Drever plans to put a high-end oasis in downtown Dallas
Read ArticleFirst look at swanky new roof deck at downtown Dallas' Drever project
Read ArticleBest Real Estate Deals: Winner, Rehab / Reuse
Read ArticleKey makeover moment in $240 million redo of Dallas' 52-story First National Bank building is done
Read ArticleRenovation Underway at The Drever
Read ArticleThompson Hotels to Open Three Properties in Texas
Read ArticleLuxury Thompson hotel to open in Drever development
Read ArticleThompson Hotels to Open Three Texas Properties
Read ArticleThompson Hotel Announces Three New Texas Properties
Read ArticleLuxury boutique hotel signs onto $240M redevelopment in downtown Dallas
Read ArticleTop 5 Construction Projects Reshaping DFW
Read ArticleThe Drever Announces Their Retail and Residential Leasing Teams
Read ArticleThe Drever Buzzes With Builders And Leasing
Read ArticleDeveloper behind $240M redo names CBRE, Lincoln Property to the team
Read ArticleWhy is Maxwell Drever spending $240M to save an iconic Dallas skyscraper?
Read ArticleTestimonials
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THE DREVER will bring great economic value to downtown Dallas and the city as a whole.The building generates thousands of new jobs to the area as well as adds to the quality of life for downtown residents and visitors.
Wade Andres
President of Andres Construction
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Lincoln is thrilled to be working with Drever Capital Management as they complete plans for the 300+ residential units in this spectacular building.. This company recognizes the importance of partnering with market experts as they meticulously examine data to ensure informed decisions for everything from floor plan design, functionality and finishes to ‘next level’ amenities and services calculated to enrich the customer experience. The goal is to exploit the full potential of this exceptional asset and ensure that with each touch point, the resident feels welcome, respected and served. Undoubtedly, this extraordinary focus and thoughtfulness will translate to an unmatched living environment for residents and maximized returns for investors.
Sheila Carter
Regional Vice President for The Dallas SEO
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We are proud to play a role in the redevelopment of this historic building that will once again be a central feature of downtown Dallas and a main contributor to the revitalization of the city’s central business district. The contemporary design, elegant Thompson hotel, luxury residences, various art installations, and retail and dining options position the building as a premier destination in downtown.
Jerry Merriman
AIA, Merriman Anderson/Architects Founder and President
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As the Dallas CBD’s largest empty office tower, the iconic 1401 Elm is the last major unfinished piece of the City’s downtown adaptive reuse initiative which has seen more than 10 Million square feet of obsolete office space redeveloped over the past ten years. Maxwell Drever and his very high quality team of architects, engineers, contractors and consultants have gone the ‘extra mile’ in developing a plan for a vibrant, Class A core asset that could never be cost-effectively replicated.
Karl Zavitkovsky
Retired Real Estate Banking Executive and Former Director for the City of Dallas Office of Economic Development
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This is a solid investment and is going to be a catalyst for the resurgence of this part of downtown. To be able to step on to the DART train at the airport and step off at THE DREVER is a great opportunity for travelers to Dallas as well as the people who live and work in the building. People are using cars less and less; this building is meeting that trend.” and determination of all our partners to achieve that goal, and to our high net worth investors for joining with us to bring this project to life.”
Vito Spitaleri
Retired Vice President and Treasurer of Mars Inc.
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The collection of public art, ranging from the street to the 50th floor Observation Deck, will reflect the dynamic and international future of Dallas. Art reflects a city center’s pulse and THE DREVER’s will be a heartbeat for international art.
Sharon Leeber
President of Architectural Arts
Stay Informed
Contact Us
Media
Allison Rhodes
Culver Public Relations
allison@culverpr.com
214.352.5980
Investment
Jorge Livermore
Drever Capital Management
jorge@Drever.net
415.789.1773
Office
Gini Dibrell
Peloton
gdibrell@thedreverdallas.com
214.572.3124
Trevor Franke
Peloton
tfranke@pelotonre.com
214.572.3107
Project Management
Jerry Tonn
Drever Capital Management
jtonn@drever.net
214.999.6070
Retail Leasing
Jerry Tonn
Drever Capital Management
jtonn@drever.net
214.999.6070
Residential
Laurie Frias
Lincoln Property Company
lfrias@lpsi.com
214.890.5068