Tuesday, November 10, 2015

Irving-based developer gets $35M to redo historic downtown Dallas building

Irving-based development firm NewcrestImage has landed $35.65 million in financing to redevelop a vacant office building into a new dual-branded AC Hotel and Residence Inn in downtown Dallas.

The redevelopment of the 22-story, 180,000-square-foot Mercantile Commerce Building will bring 206 rooms to the city's central business district.

This is one of the last redevelopment opportunities left in downtown Dallas.
This is one of the last redevelopment opportunities left in downtown Dallas.


Candace Carlisle/Dallas Business Journal