So is its 18-story neighbor at 1700 Commerce, which opened in 1923 as the Allen Building.
Lewisville-based NewcrestImage is redeveloping the buildings into three downtown hotels with more than 400 rooms.
Work has already begun on the smaller building, which will become a 176-room Hampton Inn & Suites hotel, part of the Hilton brand. It is scheduled to open in first quarter 2016.
Construction will start in about 60 days at Mercantile Commerce, once the home of Mercantile National Bank.
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