The Better Business Bureau is set to relocate its North Texas headquarters to the Bank of America Plaza in Downtown Dallas later this fall.
The move marks a significant shift for the nonprofit agency, as it vacates its long-term home at Santander Tower. According to the Dallas Business Journal, the organization will occupy an 11,500-square-foot office space at 901 Main Street. The agency confirmed the relocation plans to the publication last week, signaling a new chapter for its regional operations.
State planning documents indicate that tenant improvements for the new space are scheduled to begin in April. The renovation project is expected to conclude in August with an estimated cost of $762,000.
The 72-story Bank of America Plaza will house about 35 Dallas-based team members of the agency upon completion of the move. The office will also function as the central hub for the organization’s operations spanning into Lubbock and Wichita Falls, according to the outlet.
Arlington, Virginia-based Better Business Bureau has maintained its North Texas office at Santander Tower for the past two decades. While specific lease details were not disclosed, the agency cited operational requirements and lease considerations as primary drivers for the move.
The move will also bring the agency back to its roots in the downtown core where it first established a presence in 1920 at 1219 Main Street. The nonprofit currently provides market intelligence and oversight for more than 5.8 million businesses nationwide, according to the publication.
The timing of the relocation coincides with a massive redevelopment effort at Bank of America Plaza led by developers Mike Hoque and Mike Ablon. The high-rise is the subject of a planned $409 million transformation aimed at modernizing the landmark structure.
Proposed renovations include the conversion of several office floors into a 300-key luxury hotel. The project also features the addition of an eight-level parking garage and an elevated pedestrian walkway to enhance connectivity.
The city of Dallas recently committed more than $100 million in incentives to support the redevelopment of the tower. As part of the incentive agreement, a city advisory board has mandated that Ablon & Hoque finalize the acquisition of the tower by Sept. 30.
— Eric Weilbacher
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