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Morgan Stanley Plans $1.3 Billion Tower for Dallas Expansion
Bloomberg.com • • business
Key Points:
- Morgan Stanley is considering a $1.3 billion investment in a new 709,000-square-foot office tower in Dallas to consolidate its growing businesses in the city.
- The proposed skyscraper at 2401 McKinney Avenue is less than a mile from Goldman Sachs' $500 million campus, highlighting increased Wall Street interest in Texas as a financial hub.
- The property, owned by Trammell Crow Co., currently contains a seafood restaurant and a closed gym, and will be redeveloped to accommodate Morgan Stanley's expansion.
