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.
Candace Carlisle/Dallas Business Journal