H.I.G. Capital will take office space at the redevelopment of Maple Terrace in Uptown Dallas.
A filing with the Texas Department of Licensing and Regulation shows the Miami-based alternative investment firm with $60 billion of equity capital under management will start work in March on a more than 4,700-square-foot suite.
Construction of the office space, with Entos Design listed as the design firm, is expected to be completed in July for $625,000.
H.I.G. Capital, along with affiliates Bayside Capital and Whitehorse Capital, has a Dallas office address at The Crescent.
Hines purchased the nearly century-old Maple Terrace in January 2020. The building, constructed initially as a residence, is being redone as a mixed-use development, with the Houston developer teaming up with Mitsui Fudosan America and McNair Interests on the project.
Maple Terrace, along Maple Ave., will continue to house residences in a 22-story high-rise behind the original building. The development has added two restaurants, New York City seafood restaurant Catch and Mico Rodriguez’s Doce Mesas concept, along with the office space.
The H.I.G. space joins California investment firm GI Partners, which has taken the penthouse floor of the 157,000-square-foot office portion.
Apartments in Maple Terrace’s new 345-unit residential tower are set to become available for lease later this year.
Dallas architects GFF and 5G Studio Collaborative designed the Maple Terrace redevelopment, while Houston-based Rottet Studio worked on the interiors.
CORRECTION, 4 p.m., Feb., 23, 2024: A previous version of this story incorrectly stated the when apartment leasing will begin at Maple Terrace.
