Museum Tower, a 42-story high-rise in the Arts District, is one of the most visually distinctive in Downtown Dallas. Located at Woodall Rodgers Freeway and Pearl Street, the glass high-rise building is within walking distance of top downtown attractions like the Meyerson Symphony Center, Winspear Opera Center, and Klyde Warren Park.
Museum Tower has faced controversy since it opened in September 2010. The neighboring Nasher Sculpture Center objected to the glass building’s presence, claiming glare from the building would overshadow their property. Gallery owners found that glare from the building impacted visitor ability to view art on display.
It is also controversial because the Dallas Police and Fire Pension System funded Museum Tower. The police and fire pension fund manages $3.24 billion in investments all around the world, many of which are considered high-risk. Because of the fund’s investment in the building, there was an obvious need for the project to succeed.
Although the project was slow to take off, 75 percent of the units in the tower are now sold. The remaining two dozen units for sale are priced at $1.25 million each and above. The 8,449-square-foot penthouse unit is also still for sale, with a listing price of $16.5 million.
Developer Hall Group recently broke ground on another building just a few blocks away. The 25-story, $250 million Hall Arts Residence tower is on Flora Street. It will feature 44 condos, each starting at $2 million.