$175 million redevelopment project breaks ground in Dallas | $175 million redevelopment project breaks ground in Dallas | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=10687 | 2015-10-01T05:00:00Z | 2015-10-01T17:00:00Z | DALLAS – Hill & Wilkinson General Contractors has begun construction on a $175 million redevelopment project downtown. The historic Statler Hilton Hotel, located at 1900 Commerce St., and the adjacent Old Dallas Central Library will be renovated to create a destination-entertainment hub.
Statler Hilton, built in 1956, was listed by the National Trust for Historic Preservation in 2008 as one of the country's most endangered places. The 702,615-sf project includes complete restoration of the building's exteriors and conversion of the upper 11 stories into 229 residential units. The five middle floors will be converted into 164 four-star boutique hotel rooms. Two lower floors will have ballrooms, meeting rooms, hotel services, lobbies, restaurants and retail space. The Jackson St. and basement levels will become a 250-car parking garage. Project developer Centurion American Development Group will apply for historic tax credits, and the city has provided $43.5 million in tax increment financing. The project architect is Merriman Associates/Architects Inc., and the engineer is Besharkhah Engineering Inc. The redevelopment is expected to deliver in December 2016. | Hill & Wilkinson
| Dallas-Fort Worth-Arlington
| Mixed-Use
| | | | | Read more at {Source} |