Elm Place, formerly First National Bank Tower, is a skyscraper located in the Main Street District of downtown Dallas, Texas (USA) and adjacent to DART's Akard Station. The high-rise is 625 feet (191 m) and 52 stories tall, making it the tenth tallest building in Dallas. In January 2010 the building was closed due to low occupancy rates.
The $35 million skyscraper was designed for the First National Bank of Dallas by architects George Dahl and Thomas E. Stanly, built to replace First National's home on Main Street. It originally was proposed to be 96 feet (29 m) higher, but was scaled back after determining it would be a hazard to flights leaving Dallas Love Field. By choosing a site with lower elevation, the tower, even with a modified height, was still taller than rival bank's Republic Center. The 2-acre (0.81 ha) block of land previously contained First National's motor bank, which was demolished for the new structure. The exterior, featuring a dark and light contrasting theme, was clad in more than 8 acres (3.2 ha) of dark gray glass and white marble imported from Greece. The building's construction began in 1961 and used more than 25,000 tons of steel. At the time of opening in 1965, it was the tallest building west of the Mississippi River, until surpassed by 555 California Street in San Francisco in 1969. It was the tallest in Texas until 1971, when One Shell Plaza in Houston took the title. In 1974, Renaissance Tower became the tallest in Dallas. The 225-foot-long (69 m) tower that rises out of this base was placed off center and is a modified hexagon, with four of the sides only slightly angled [end walls are 75 feet (23 m) wide with a midpoint width of 95 feet (29 m). Floors 11-49 were general lease space not used by First National Bank. The white columns running up the tower contain Plexiglas mullions that house fluorescent lights, which were once turned on every night. The Observation Terrace on the 50th floor contained the world's highest escalator from the 49th floor.
An 800-space garage was located on the lower two levels, and was the largest single parking facility in Dallas at the time. During following years the bank continued to grow and under InterFirst Corp. built Renaissance Tower and Bank of America Plaza. After a series of mergers it become part of Bank of America, and as most banking operations vacated the structure the name was changed to Elm Place. Under a special agreement, the bank owned the bottom 10 floors, while the lobby and upper 42 floors had a separate owner. The lower floors of the building were foreclosed on in early 2009; the tower portion of the building closed in late January 2010 due to low occupancy rates.In May 2010 the building was put up for sale.