DALLAS - Turkish developer Mike Sarimsakci, of Alterra International LLC, purchased the long-vacated 18-story office tower at 211 N. Ervay St.
Plans for redeveloping the 190,000-sf office tower include a 250-room hotel and a 4,000-sf restaurant. The redevelopment project is expected to take nine months to a year, and cost an estimated $30 million.
Alterra International plans to begin abatement of the property in January 2013, with plans to clean up the exterior and add lighting to the building.
Read more at the Dallas Business Journal.
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