DALLAS— Weitzman has been named leasing agent for the retail space in the landmark Bank of America Plaza, located at 901 Main Street in downtown Dallas. The iconic high-rise office tower features a total of 39,176 square feet of street-level and concourse-level retail space.
Weitzman’s Giovanni Scardino and Addison Gragson handle leasing for the tower’s retail space.
Bank of America Plaza and its 72 floors are both Dallas’s tallest tower and its best-known skyscraper, thanks to its famed green LED outline that can be seen from miles away. The tower’s signature retail space serves the surrounding trade area and features shared access with the peripheral Westin Hotel and office space at One Main Place.
Bank of America Plaza additionally is located across the street from Civic Garden, a popular park with an interactive fountain, and within walking distance of some of Dallas’ best-known attractions like the West End Historic District, John F. Kennedy Memorial Plaza, the Kay Bailey Hutchinson Convention Center, Union Station and more.
The leasing team is targeting a mix of quick-serve and casual restaurants, services and health and beauty uses as it market’s the landmark retail destination, which includes white-boxed traditional retail spaces and second-generation salon and restaurant spaces. Due to its position serving office workers, residents and downtown visitors, the retail space at Bank of America Plaza incudes a mix of casual dining options, and services. The building also provides ample public parking, including valet parking services and visitor parking located on its Grand Plaza, surface parking on three associated lots and covered parking in an adjacent 15-story parking garage that connects to the Tower via the retail concourse.
Today, Downtown Dallas has evolved as a nighttime and weekend destination thanks to new residential and hotel projects, new parks and greenspace and new signature redevelopments of historic office projects like the First National Bank Tower into residential and hospitality space.
Thanks to this increasing residential, retail and hospitality density and the renewed influx of tourists, shoppers and diners, the retail destination at Bank of America Plaza is now meeting the needs and wants of a new generation.
The retail space at Bank of America Plaza includes a mix of casual dining options – like Grandy’s, Urban Coffee, Best In Burger and Asia Work – and convenience retail sundry, gift shop and a florist.
A lot of the new activity in downtown is aimed at its residents. People ages 25 to 34 make up downtown's biggest demographic.
As a result, downtown is full of new energy with more new residents than ever before, new parks and lots of new amenities and attractions. In fact, over the past 25 years, downtown has undergone nearly $8 billion of development and expects another $4 billion worth in upcoming projects.
The trade area for Bank of America Plaza features residential density, population growth and strong daytime population totals. Within a walkable one-mile radius, the population totals 28,834, a total on track to increase to 33,531 within four years for a population increase of 16.3 percent. The average household income within the one-mile radius is an affluent $121,637.
Within a three-mile radius of the building, the current population totals 199,526. Within four years, this total is on track to reach 227,549, representing double-digit population growth of more than 14 percent during the period. The population within the three-mile trade area also reports a strong average household income of $100,646.
The daytime population for the area jumps, thanks to its location in the midst of a commercial and residential powerhouse. The daytime population within the one-mile radius totals 81,707, which includes 76,050 workers; the daytime population within the three-mile radius totals 303,149, which includes 225,789 workers.