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MCM News

Dallas architecture firm nabs top floor of cool MCM Meadows Building

Teresa Gubbins
Nov 9, 2022 | 3:36 pm
meadows building

You've seen it off US-75.

Courtesy photo

A Dallas design firm has snagged the top floor of an iconic building: SHM Architects, PLLC, has leased a 12,218-square-foot space at the historic Meadows Building at Energy Square, located at 5646 Milton St., relocating from their offices at 4514 Travis St. in the Knox District.

According to Michael Griffin of Transwestern Real Estate Services, who with Ethan Minter represented the tenant, SHM needed "a space that is both larger and inspiring."

"The penthouse space of the iconic mid-century modern Meadows Building, with massive balconies and a jewel box of glass in every direction, was the perfect solution," Griffin says in a release.

Completed in 1955, the Meadows Building was the first suburban office tower in Dallas and originally served as the headquarters for the General American Oil Company.

It has many wonderful little features such as nice hardware for the door handles and a beautiful terrazzo floor in the lobby.

Energy Square recently underwent a renovation that netted it a 10,000-square-foot fitness center, conference center, tenant lounges, revamped delis, campus park, and outdoor deck, spread out across five buildings that include the Meadows Building.

It was one of nine projects recognized with a Preservation Texas Honor Award in 2021 from Preservation Texas, who applauded the outstanding renovation it received from Glenstar and USAA Real Estate, which included going so far as to source replacement marble from the original quarry. "A lot of love went into saving this midcentury masterpiece,” wrote one of the Honor Award jury members.

It would surely be a gift to work there every day, and the release says that SHM is expanding its workforce. Wonder if they need writers.

The building is also steps away from the Lovers Lane stop on the DART Rail Red Line, perhaps making the idea of public transportation more enticing to the firm's cadre of young architects. Knox, home of their previous office, has no DART Rail stop, see what I'm saying.

SHM Architects, PLLC was founded in 2005 by David Stocker, Mark Hoesterey, and Enrique Montenegro. They also have a satellite studio in Crested Butte, Colorado, which they opened in 2019.

“Ever since the beginning of our firm, we have had our eye on the Meadows Building," says SHM founding Principal David Stocker. "We have great respect for Dallas architect J.N. MacCammon’s and the Meadows family’s vision for the building and the growth of Dallas."

He calls the building "a lovely example of mid-century modernism."

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Dallas ranks among top 10 U.S. metros for surge in millionaire renters

Amber Heckler
Oct 16, 2026 | 9:53 am
Dallas skyline with reflection
joe daniel price/Getty Images
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The number of millionaire renters and homeowners in the U.S. has surged over the last five years, and Dallas has cracked the top 10 metros with the largest growth rates among these affluent renter households.

Nationwide, the number of millionaire renter households grew 229 percent from 2020 to 2024, far outpacing the 193 percent growth rate among millionaire homeowners, a new RentCafe study found.

In Dallas, the number of millionaire renter households has more than quintupled, from just 30 in 2020 to 165 in 2024. That represents a renter growth rate of 450 percent, which - surprisingly - is only the 8th highest nationwide.

Houston leads the nation with the No. 1 increase in millionaire renters. The number of these wealthy households increased from 18 to 232 over the last five years, representing an impressive 1,189 percent growth rate.

The top 10 U.S. metros with the biggest surge in millionaire renters are:

  • No. 1 – Houston
  • No. 2 – Naples, Florida
  • No. 3 – Miami
  • No. 4 – Seattle
  • No. 5 – Los Angeles
  • No. 6 – Denver
  • No. 7 – St. Louis, Missouri
  • No. 8 – Dallas
  • No. 9 – Boston
  • No. 10 – Phoenix

But when it comes to the largest populations of millionaire renters, New York City and San Francisco still lead the way. New York claimed the No. 1 spot with nearly 7,300 millionaire renters living in the city in 2024. Dallas ranked 17th on that list.

Elsewhere in Texas, Houston and Austin ranked as the 12th and 16th, respectively, for the largest population of millionaire renters. There were 232 millionaire renters living in Houston in 2024, and 206 in Austin.

This is who the typical millionaire renter is
The report also revealed a surprising statistic about the typical millionaire renter in the U.S. — a lot of them are millennials working in "white-collar, high-earning fields."

"Nearly half (49 percent) of millionaire renters are Millennials, and the number of affluent Millennial renter households surged 392 percent during the five-year period," the report said. "Gen X follows with 33 percent of millionaire Gen X households renting after increasing by 147 percent."

The report continued, "Although Gen Z still represents a small share of millionaire renters (just 2 percent of the total), no generation has expanded faster: Gen Z millionaire renter households leaped from fewer than a dozen to more than 400 — a tiny cohort today, but one that was virtually nonexistent five years ago."

The top three most common professions for millionaire renters are chief executives, software developers, and managers, the report additionally found.

"These roles tend to generate steady, substantial income without necessarily tying workers to one location, making renting a practical fit, rather than a financial necessity," the report said.

Hotspots for millionaire homeowners
In RentCafe's separate list comparing the top 10 most popular U.S. metros for millionaire homeowners, Dallas ranked 10th nationally with 4,731 millioniare homeowners living in the metro as of 2024. These wealthy Dallas residents are most likely working as chief executives, physicians, managers, and lawyers and judges.

Dallas has already proven to be a hotspot for millennial homebuyers, and the latest RentCafe data says millennials make up 19 percent of all millionaire homeowners in the U.S. Gen Xers and Baby Boomers still maintain the largest shares of millionaire homeowners nationwide, at 45 and 33 percent, respectively.

Houston (No. 12) and Austin (No. 20) appeared further down the list among the hottest metros for millionaire homeowners.

Only one Texas city appeared among RentCafe's list of the 20 fastest-growing metros for millionaire homeowners: College Station ranked 13th nationwide with a growth rate of 1,329 percent. From 2020-2024, the number of millionaire homeowners residing in College Station grew from 14 to 200.

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