AT&T Plans Dallas Reunion Tower Replica

AT&T isn’t just ditching Downtown Dallas–it’s building a replica of one of Dallas’ few landmarks, too.

As the telecoms giant makes progress on its 54-acre Plano campus, it secured approval from the city of Plano to build a “mini Reunion Tower,” made in the image of Dallas’ 561-foot-foot observation deck. AT&T’s tower, which will double as a communication antenna, is projected to be 280 feet tall. The proposal still needs approval from the Federal Aviation Administration.

In unveiling plans for the campus, AT&T CEO John Stankey called the replica “iconic,” saying it would be a “foundational part of the campus,” the Dallas Morning News reported. Plano Planning Commissioner Ban Alali remarked that the structure is a striking resemblance to Reunion Tower.

AT&T’s exit, which was announced in January, struck a still-reverberating blow to Downtown Dallas, which has been losing office tenants to well-heeled suburbs for years despite efforts from the city and local developers to boost the struggling neighborhood. The company said it made the move in response to safety concerns and to shorten employee commute times after mandating a five-day office week. The move will leave a 2 million-square-foot hole in Downtown Dallas’ office market, which includes the 37-story Whitacre Tower where its lease runs until 2031.

Plano lured AT&T to the suburbs with a $20 million incentives package. KDC locked in a $400 million construction loan for AT&T’s 2.3 million-square-foot campus earlier this month. The company aims to move into the campus in the second half of 2028.

While Dallas’ Reunion Tower is topped with a ball covered in custom LED light fixtures, the ball topping AT&T’s Plano tower will feature the company’s globe logo.

The Line Austin faces foreclosure

The Line Austin is the third Line hotel to face foreclosure since 2025. The upscale Downtown Austin hotel that opened in 2018 is scheduled to be auctioned on Tuesday after owner Soho House purportedly defaulted on the $172 million loan tied to the property, according to Roddy’s Foreclosure Listing Service. Lenders foreclosed on The Line LA and The Line DC last year, taking control of the properties at auction. The Austin hotel was developed by Andrew Zobler’s Sydell Group, but the firm sold its stake in the brand to Soho House & Co.

Distress wave hits S2 Capital

Cracks are showing in Scott Everett’s maneuver to shield S2 Capital’s multifamily portfolio from floating-rate debt. Distress has crept into the real estate investment trust he created to buy time for interest rates to fall. The Republic, an apartment building in Garland, is scheduled for foreclosure auction on Tuesday after S2 allegedly defaulted on the $78.6 million loan tied to the 1,033-unit apartment complex. Everett said the property is under contract to sell within the month. Morningstar Credit reported that three loans totaling $250 million tied to S2-owned properties in Texas and Arizona were flagged for special servicing after failing to meet underwritten cashflow.

Paxton trounces in industry-dividing runoff

Texas Attorney General Ken Paxton defeated incumbent Sen. John Cornyn in the Texas U.S. Senate Republican primary runoff in a landslide. Though Cornyn secured a bigger chunk of the vote in the primary, Paxton won nearly 64 percent of the vote on Tuesday, to Cornyn’s 36 percent. President Trump endorsed Paxton a week before the runoff, calling him a “MAGA Warrior” on social media, the Texas Tribune reported. Paxton has drawn support from a roster of real estate heavyweights, including Danny Signorelli, the founder of Houston-based developer Signorelli Company, James Mabrey, Rex Glendenning and Centurion American CEO Mehrdad Moyaedi. Paxton will square off against Democratic nominee James Talarico in November.