Uptown’s Newest Hotel and Residential Tower The Montclaire Gets Committee Nod
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Restauranteur and hotel developer Robert Colombo has been pitching the Oak Lawn Committee on a new residential tower and hotel in Uptown, and Wednesday night the group gave his project a thumbs up.
Colombo needs a variance from the city to allow for construction to hit a height of 310 ft at 2516 Maple Ave., where he hopes to build the 24-story tower dubbed The Monclaire Hotel & Residences. While not necessary, the blessing of the Oak Lawn Committee is a feather in the cap when it comes to making a request of the City Plan Commission (CPC). Luckily for him, he got the endorsement.
The Monclaire would be just across the street from another Uptown high-rise that’s in the works — Crescent Point Tower.
Colombo presented the project to committee members at the body’s April meeting, but questions about valet parking and traffic prompted Colombo to return on Tuesday to reassure the community about his plans.
Colombo is a principal at the development firm Ivy P3 Group. Alongside him on Tuesday was community consultant and former city council member Philip Kingston, husband of CPC Commissioner Melissa Kingston. Kingston was hired to shepherd the project along.
Ivy P3 Group is embarking on this venture with Horizon Capital through an entity registered as St. Germain Development LLC.
Some 128 parking spaces across five stories of underground parking are budgeted for the site on the corner of Maple Avenue and Mahon Street, which Colombo said would be plenty considering the growth in rideshare options, advancements in self-driving technology, and how high market-rate hotel parking is running these days.
“The use of hotel parking has declined every year for the last five years,” he said, pointing out that valet parking runs as high as $75 per day at Rosewood Mansion on Turtle Creek.
“Robotaxi and Cybercab, they’re here,” Colombo said. “It’s coming to Arlington, and it’s coming to Austin by the end of 2025. There’ll be self-driving automobiles by the time we open the hotel.”
Parking has become a hot-button issue in Dallas as officials work to reform the city’s code in a bid to address the housing affordability crisis by decreasing or eliminating the minimum parking requirements imposed on developments.
If everything goes according to plan, The Monclaire would be set to debut in January 2029. In partnership with Nunzio Marc DeSantis Architects, Ivy P3 Group is looking to deliver a building that would feature expansive balconies, landscaped surroundings, and pedestrian-friendly setbacks along Maple Avenue, according to the developer’s pitch deck.
The property would include a boutique hotel with 90 oversized rooms and suites, and 14-18 private residences on the top floors, which would be accommodated with a dedicated entrance separate from hotel guests.
Guests and residents can expect dining options, lounges, outdoor patios, and event spaces inside. Additional amenities include two pools, a spa, and a wellness center. Characterized as a social hub, The Monclaire is being billed as the new “living room” of Uptown.
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A high-end condo owner buying a $700-$800 a square foot unit will demand a minimum of two parking spots which eats up 30-36 spots. Add to that employees working in the hotel at any given time, that doesn’t leave a lot of space for hotel guests, customers at restaurants and bars there and others attending events/conventions at the hotel. Otherwise, it looks like an amazing building.
It does indeed look like a fabulous property, but the existing bnb and residential property
is too high of a cost. Of course, this is just my opinion. I do not have all of the facts nor the
dollars involved.