Granite’s $50M bet on Dallas’ 237,000-SF West End

DALLAS – Developer Granite Properties has completed its purchase of the historic West End Marketplace in downtown Dallas and is renaming the building Factory Six03.  

Granite plans to spend upwards of $50 million on the acquisition and the redevelopment of the building. The new owner plans to renovate the 112-year-old former bakery and warehouse complex into office space with restaurants on the first floor.

The seven-story, 237,000-sf building at Market and Munger streets has been empty for almost a decade. Granite plans to repurpose the buildings as unique office space for creative and high-tech firms.

Construction will start this summer to redevelop the complex, which previously housed retail space, a movie theater, restaurants and nightclubs.

Granite plans to build an eighth floor addition to the building that will house a rooftop entertainment space and amenity deck.

Inside there will be a community lobby, coffee bar and about 10,000 sf of restaurant space.

The basement will be converted to parking. Granite also has parking available in a garage located a block away on Lamar St.

The building will reopen in September of next year.

Click DFW NewsTalk Texas or DFW Market Research for free data.