DALLAS - Another building in Dallas’ historic Cedars neighborhood has been purchased for renovations.
The one-story building at 1610 S. Ervay St. was purchased by investor Zad Roumaya in partnership with B3 Commercial Management LLC.
The owners plan to convert the 37,848-sf former automobile service center on 2.4 acres into a business complex for small and start-up businesses. It was originally built in 1945.
The commercial building — which once was occupied by Yellow Cab — is just across the street from a group of buildings being sold to Claude Albritton III — cofounder of the popular McKinney Avenue Contemporary Gallery.
The Cedars neighborhood just south of downtown Dallas is emerging as the latest urban real estate market to see widespread investment and redevelopment.
Several historic buildings are set for renovation and new apartment and townhouse projects are in the works.
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