DALLAS - The 111-year-old Hughes Brothers Candy Co. building at 1401 S. Ervay St. south of I-30 has been purchased by Flint Hills Holdings Group.
The Kansas City-based development group bought the vacant five-story commercial building from Arlington-based real estate firm SkyWalker Property Partners, which owned the property for about a year.
The property was built in 1903 for $50,000 and has had a variety of uses, including as an ice cream cone manufacturing plant. It is valued at more than $1.4 million, according to the Dallas Central Appraisal District.
SkyWalker had planned to spend several million dollars converting the former manufacturing building into residential units.
Flint Hills plans to move ahead with the loft apartment plan, according to Clint Holland, SkyWalker’s director of acquisitions and asset management.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.