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
Monday, October 20, 2014
Development deal could save downtown landmark and bring apartments to Deep Ellum
The vacant Knights of Pythias building was opened in 1915 on Elm Street. (DMN files)
A development deal in the works could save a languishing downtown landmark while adding hundreds of high-end apartments on the edge of downtown.
Real estate brokers say that the owners of the century-old Knights of Pythias building in Deep Ellum (more recently known as the Union Bankers building) are working with developer StreetLights Residential on a mixed-use project for the property at Elm Street and Good-Latimer Expressway.
The former fraternal organization temple has been vacant for almost two decades and is prized by preservationists. The 5-story brick building was designed by noted African American architect William Sydney Pittman.
Since 1998 the building and surrounding land has been owned by Dallas-based investor Westdale Properties.
Previous owners and potential buyers studied plans to restore the Knights of Pythias building as part of a mixed-use development.
Now Westdale is working with StreetLights on a project to build apartments on the empty properties and convert the historic building to a boutique hotel, sources familiar with the deal said.