WICHITA FALLS - The Petroleum Building in downtown—known more recently as the Crescent Plaza Hotel—has changed hands.
The plan is to turn the nine-story building primarily into residential living space.
"We feel downtown Wichita Falls is lacking in residential living space." Will Kelty, a partner in the new ownership, said. "There is a waiting list for apartments."
The building is located at the northwest corner of Scott Avenue and Eighth Street.
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