Editor’s note: This story has been updated to reflect new developments.
When Andrew Foster bought his 15th floor penthouse at 511 N. Akard, he began the 7 month process of completely gutting the former commercial space. The building, which is the one of the few affordable apartment buildings in downtown Dallas, includes permanent supportive housing for the formerly homeless. It was built in 1958 to house the headquarters of the Relief and Annuity Board of the Baptist General Convention, but today it has been transformed into something much more vibrant and useful.
“I love the space and I love downtown,” Foster said. “Downtown is a really exciting place to be right now.”
Though much of the original lobby remains — as does the brick, marble, and metal exterior — 511 N. Akard now has an entirely different purpose as CityWalk@Akard. Purchased and transformed by Larry James’ CitySquare, the building has become an experiment: Can a residential high-rise bring self-sufficiency and pride to the formerly homeless and still work as a mixed-income development?
Foster says yes, it can work, and it does.