The 50-year-old downtown building, originally called the Mayflower Building, will have 215 apartments and 14,000 sf of retail. HRI plans to have the project completed by the end of next year. The Mayflower name will be reinstated.
HRI bought the 350,000-sf building from the California State Teachers Retirement System. The firm will add parking on the first three levels. Floors four through nine will be used for apartments. Most will be one-bedroom units, and the average size will be about 750 sf. The top floor will have 15 penthouse apartments.
Dallas’ Merriman Associates architects and Andres Construction are handling redevelopment of the building, which was designed by Dallas architect Thomas E. Stanley.
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