The last patch of land open for development near Klyde Warren Park is getting developed. According to a release, a new 30-story office tower is slated to go up on the corner of Harwood Street and Woodall Rodgers Freeway, and will become the new home to Bank of America, which currently offices in the iconic neon-edged building at 901 Main St.

Called Parkside, the new 500,000-square-foot building is a collaboration between KDC and Pacific Elm Properties and is anticipated to be ready for tenants in the first half of 2027.

Pacific Elm Properties was formed and is managed by Woods Capital, which was founded by Jonas Woods in 2007.

As the signature tenant, Bank of America will occupy more than 238,000 square feet of office space in the building. Upon move-in, the tower will be known as Bank of America Tower at Parkside.

KDC executive VP Eric Hage calls it "a testament to Bank of America’s commitment to providing its employees with a best-in-class workplace in an unbeatable location," while Pacific Elm Properties partner Tom Dundon says "the site is undoubtedly one of the best in all of Texas."

The new building will look down upon the five-acre Klyde Warren Park, which will be visible from all floors, especially from the 12th-floor Sky Lobby and Lounge, which will feature shared tenant space with a coffee and cocktail bar, and outdoor terraces.

Views of Klyde Warren Park were apparently sufficient to persuade Bank of America to leave its longtime home at 901 Main and relocate all of its employees to the new building.

“This site overlooking Klyde Warren Park, amid an abundance of walkable Uptown Dallas amenities, is an ideal space to bring our team together in a central location where they can collaborate on behalf of our clients,” says Bank of America Dallas President Jennifer Chandler. “We look forward to being the signature tenant at the Bank of America Tower at Parkside as we provide a great place for our teammates to work as part of our longstanding commitment to Dallas.”

This plot of land is famous for being the last undeveloped parcel in the area, and has been described as "the most coveted building in Dallas."

It was purchased in 2006 by Japanese businessman Takeharu Miyama, who has been approached by many suitors eager to form a partnership or buy the land outright.

Miyama owns both the five-story building at 1909 Woodall Rodgers as well the site next door at 1919 Woodall Rodgers, a former branch of Dallas Credit Union, which is where the new tower will be built.

According to the release, Miyama USA Texas will continue to maintain an interest in the land upon which Bank of America Tower at Parkside will be developed.

“We are excited to work with KDC and the Miyama family to deliver this iconic tower for one of the world’s leading financial institutions,” said Jonas Woods, CEO of Pacific Elm Properties “With KPF’s design, luxury amenities and incredible location, this asset will undoubtedly establish the new standard for office space in Uptown Dallas.”