Ambassador Hotel
A slate of luxury apartments at the former Ambassador Hotel site — the historic hotel southeast of downtown Dallas that was destroyed by fire in 2019 — could be ready for tenants in 2026, developers with OHT Partners announced last week. Texas-based multifamily development, construction, and investment firm OHT Partners recently began site work for…
When Jim Lake purchased the Ambassador Hotel in 2015, the goal was to take the existing historic structure and transform it into chic apartments. The building, which was built in 1904 as the Majestic Hotel, was the victim of a blaze in 2019 that gutted the building. Unlike the legendary phoenix, the Ambassador’s plans for…
Although it’s currently unclear just when the blaze began, reports began to appear around 2 a.m. Tuesday that the currently vacant Ambassador Hotel was in flames. Dallas Fire and Rescue arrived to find the second and third floors burning, and by 2:15 a.m., the structure was fully involved. It appears that more than 45 units…
By Deb R. Brimer Redeveloper Jim Lake can write a book about red tape. Another year has come and gone since Jim Lake Companies (JLC) purchased the historic Ambassador Hotel in 2015 to redevelop into chic apartments, and the only visible sign of progress is that the once-grand 115-year-old landmark just got another year older. According…
