Wednesday, March 21, 2012

Uplift Education buys Deep Ellum building for Dallas charter school

Hudson Peters
The building at 2625 Elm St. has housed a warehouse, nightclub and office space and now will be a school.

A Deep Ellum building that started life as a manufacturing complex, then housed a nightclub and offices, has just been purchased for a school.
Real estate broker Hudson Peters Commercial LLC spent more than a year seeking a buyer for the two-story brick building at 2625 Elm St. just east of downtown Dallas.
After a zoning challenge and meetings with neighborhood groups, charter school Uplift Education has finally completed its purchase of the property, according to Hudson Peter’s vice president Cincha Kostman.
“We showed it to a lot of people,” Kostman said Monday. “We had law firms and advertising companies look at it.
“We had one potential buyer look at it for a boutique hotel,” she said. “We think the planned school will be a great use for the building and for the entire neighborhood.”
The city of Dallas recently approved the charter school’s use of the 85,000-square-foot building after reassuring Deep Ellum property owners and businesses that were concerned about locating the educational facility there.
The building was most recently used by Baylor Healthcare System, which acquired the old warehouse in 1988 and remodeled it for general office use...