Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Wednesday, July 10, 2013
Statler Hilton, Dallas Central Library Back on Market
One of Dallas' most prominent historic properties -- the Statler Hilton Dallas and the Dallas Central Library -- are back on the market after a deal fell apart with developer Jack Matthews.
"The deal did fall through and we are starting the marketing process," Lew Wood, executive vice president of Henry S. Miller Brokerage's multifamily division, told the Dallas Business Journal. "We're looking for some progressive international companies with deep pockets to acquire and develop the property."
The properties totaling about 721,000 square feet are expected to take more than $100 million to acquire and redevelop. Previous design plans on the property included a hotel concept with apartments on the upper floors.