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Morgan Stanley Proposes $1.3B Dallas Tower, 4,800 Jobs

6/22/2026

Summary

Story summary

Morgan Stanley proposes a $1.3 billion office tower at 2401 McKinney Avenue in Dallas.
The $684 million Morgan Stanley investment and $650 million Trammell Crow contribution will fund a 709,000-sq ft tower creating 4,800 jobs by 2039 and seeking $18.5 million in incentives and a 90% tax abatement for ten years.
Dallas City Council will vote Wednesday on an incentive plan including Morgan Stanley’s lease of 255,000 sq ft in Fountain Place for $97 million to house 1,500 employees.

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Story summary

Morgan Stanley proposes a $1.3 billion office tower at 2401 McKinney Avenue in Dallas.
The $684 million Morgan Stanley investment and $650 million Trammell Crow contribution will fund a 709,000-sq ft tower creating 4,800 jobs by 2039 and seeking $18.5 million in incentives and a 90% tax abatement for ten years.
Dallas City Council will vote Wednesday on an incentive plan including Morgan Stanley’s lease of 255,000 sq ft in Fountain Place for $97 million to house 1,500 employees.