The redevelopment of an iconic office building in the heart of Lakewood
Renovations on the former Faulkner Tower were finished in 2020 on this iconic asset at the south bookend of Lakewood Shopping Center to transform it into new, clean, and bright office space. Originally built as the Oak Cliff Savings & Loan Building in 1967, and designed by acclaimed Dallas architects Jarvis, Putty and Jarvis, this property has featured prominently on the East Dallas skyline for decades. The building is receiving a full makeover that includes all new storefront windows and doors, remodeled bright common areas with white porcelain, LED lighting, and contemporary furniture and fixtures. Additionally, new a landscaping and resurfaced parking lots will further improve the property's curb appeal. As of August 2020, base building work has virtually been completed and the building has been turned over to tenants to start their respective finish-outs.
The project offers a rare opportunity for small tenants to reap the benefits of a full single-tenant floor plate by only leasing 4,500 square feet. High open concrete waffle slab ceilings, floor-to-ceiling curtainwalls, all new systems (fire sprinkler, electric, HVAC, and plumbing), and a phenomenal location on a prominent corner in Lakewood present a unique offering for office tenants. Compass Real Estate, the country's fastest growing residential brokerage, anchors the building with three floors of space.
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