On Sunday, Bethany mused on what a creative developer could do with an old newspaper building — as in the very one we have in downtown Dallas, the former Dallas Morning News “Rock of Truth” headquarters that Ray Washburne’s Charter DMN Holdings purchased a little over a month ago.
The iconic building at 508 Young Street just across from Union Station is known by many as the “Rock of Truth” because of George Bannerman Dealey’s strong words etched on the front. Washburne’s company purchased the 8-acre campus holding two buildings for $28 million.
First of all, the Dallas Morning News building’s exteriors will definitely be saved and put to use.
“We are going to keep the existing building and convert it into a 200- to 300-room boutique business hotel, completely saving the exterior character of the building,” Washburne told me. (more…)