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.
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.
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.
Walk Score 97
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.
President of Andres Construction
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.
Regional Vice President for the Southwest Region with Lincoln Property Company
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.
AIA, Merriman Anderson/Architects Founder and President
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.
Retired Real Estate Banking Executive and Former Director for the City of Dallas Office of Economic Development
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.”
Retired Vice President and Treasurer of Mars Inc.
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.
President of Architectural Arts