Dallas’ Crescent hotel and mixed-use center is about to undergo a $62.5 million renovation — Crescent Property Services LLC company is planning to spend $27.5 million to upgrade the 1.3 million-sq-ft mixed-use shopping center and offices located at the intersection of McKinney Avenue and Pearl Street in Dallas’ upscale Uptown district, and Rosewood Crescent Hotel will undertake an additional $35 million worth of renovations and upgrades on the hotel/spa/club.