You know that beautiful, 107 year old Dallas High School (once the home of Crozier Tech) that sits adjacent to the Dallas area Rapid Transit Pearl Street Station, at Bryan and Pearl, north of downtown? Comes word that Dallas developer Jack Matthews has it under contract, with plans to redevelop it into — hopefully — residential living. The building has been empty since the 1990’s, as this photo from the Dallas Morning News shows:
Mathews has reportedly been eyeing the property for months.
“We like the site and we expect to close on it early in the New Year,” Matthews told theDallas Business Journal in an exclusive interview Thursday morning. “We are evaluating a number of options to find what’s best for the site and what’s best for downtown Dallas.”
While Mathews won’t say exactly what he has planned for the historic site, having his name on the dotted is a very good sign: Jack mathews is the guy who turned South Side on Lamar, the old Sears Roebuck warehouse, into one of the coolest places in town to live/work/play. I was down there a few weeks ago for a fun photo shoot. He has also developed The Omni Dallas Hotel, a huge success story. Other firms eying the property, like Wynn/Jackson and High Street Residential have wanted to make it a corporate office project ala the Old Parkland Hospital as well as an apartment complex.
No word yet on price… though DCAD has the property appraised at $8.3 million. What do you think would be a fair price to pay for this Dallas treasure?