In the case of the Urban Towers' redo, the plan is to pick up anextra 10,000 sf in a lobby expansion to create a centralizedentrance for the two-tower high rise at 222 W. Las Colinas Blvd.,keying in on landscaped entries to grab the additional space. Asthe makeover swings into action, the Los Angeles-based investmentgroup is considering a construction start on a third high rise tobuild out the 11.27-acre site. The north tower is 464,020 sf andthe east, 369,370 sf--a trophy piece that gets its new strategyplay teed off at this weekend's Byron Nelson PGA Classic.

The Urban Towers' construction contracts have yet to be let, butthe plan is to start work in July and wrap up in February 2007. Thelobby overhaul includes stripping travertine marble from walls andreplacing it with fabric to "soften" the environment along withbuilding out a one-stop, five-star service center on the firstfloor, just like the owner's done at its other Urban Centerproperties, the 364,336-sf Tower on Lake Carolyn at 900 LakeCarolyn Parkway and 369,659-sf Summit at 545 Las Colinas Blvd. Eachhas undergone a $3.2-million renovation, including thereconfiguration of a conference center- athletic club-deli portal,which is being added to all CBREI-owned properties, says WilliamLokey, a CB Richard Ellis first vice president of asset services inDallas.

In the Urban Towers' project, the amenities are in place unlikethe other two buildings, where the service centers were moreground-up propositions. The Urban Towers' five-star service centeris ticketed to come one line at the end of December. The athleticclub, now in the basement, will be shuffled to the first floor toabut a renovated conference center, deli and management office."We're going to put them up front and make them visible," Lokeysays.

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