Mehrdad Moayedi is nearing the end of his three-year, $230 million renovation of the historic Statler Hilton in downtown Dallas. He bought the iconic hotel in 2014 with $46.5 million in TIF financing and has almost completed making it into a totally glam live-work-play-stay destination again. What does Mehrdad need now?

Another project! And the one where the Beatles stayed when they visited Dallas!

So his company, Centurion American, has their eyes and about $8.1 million on the old Cabana Motor Hotel, the 55-year-old midcentury relic on Stemmons Freeway.

Mehrdad plans to gut the 10-story hotel building and bring it back to its original glory. Place has been vacant for years. Well, it housed a county detention center before it was shuttered and put on the market by Dallas County as surplus property. A few sex offenders might still be there. The hotel, right across Stemmons from Victory Park, has seen better days, but the potential is huge.

This could be really great news for the county, since previous developers did not pan out, including a deal to turn the property into a data center (a hotel is a much better use).

And, according to Robert Wilonsky,  it’s a steal (hell yeah)!

The motel once owned by Doris Day, the landmark where Raquel Welch once worked as a cocktail waitress and where Jimi Hendrix used to stay when he came to Dallas, is now available at the low, low price of $7 million — which is just $1 million more than it cost to construct the “super-plush” joint back in 1961, according to our archives. That’s also a few million lower than the market value as set by the Dallas County Appraisal District, which says it’s worth $11,289,460. And, for what it’s worth, it’s also far less than the $9.2 million Dallas County paid for the property in 1985 — and not much more than the additional $5 million the county spent transforming it into a jail that wound up housing some 1,000 male and female inmates.

Hmmm. A $7 million price tag, Mehrdad’s paying $8.1? Who is bidding up that price? According to Steve Brown, who broke the story, Mehrdad says, thankfully, he really wants to preserve the century modern jewel:

“The hotel is going to stay a hotel,” Moayedi said. “We are going to give a big emphasis on a pool. It’s going to be like a Las Vegas pool.” (more…)

Adding more single-family housing in downtown Dallas has definitely increased the vibrancy of our urban core, as the once desolate city center now has more full-time families and businesses. The days of downtown turning into a ghost town at 5 p.m. could be over. 

If you want an urban lifestyle but don’t want to live in a high-rise, a townhome is the perfect compromise. Lucky for you, the Farmers Market area on the southeast side of downtown Dallas has a great inventory of relatively new builds, including this stunning unit listed by Sam Sawyer of The Collective Residential.

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dallas parks

Due to solid public and private leadership, Dallas Parks have seen amazing growth in the last couple of decades. During this exciting period in modern urban history, parks have gone from being nonexistent in downtown Dallas and in the far reaches of the city edge to becoming major economic engines for the urban fabric throughout.

This renaissance has been brought about by forward-thinking municipal officials, public-private partnerships such as the Dallas Park Foundation, Woodall Rodgers Park Foundation (WRPF), and other resourceful groups.

Where will Dallas Parks go in the next 20 years? Join the Dallas Architecture Forum to learn and discuss more on this important topic at a panel discussion moderated by Lois Finkelman, former Board Chair of both the Dallas Park Board and the National Park and Recreation Association (NPRA), as well as city council member.

 

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deep ellum murals

The “Deep Rawlins” mural by Steve Hunter is one of 42 in downtown Dallas commissioned by 42 Properties in 2015. A contest will determine which three of these murals gets to stay, and which are painted over to make way for new art. This mural currently has 1,280 votes. Photo: Can Turkyilmaz

Back in 2014, folks at real estate company 42 Deep Ellum had an ambitious idea: to paint 42 new Deep Ellum murals on the walls of the properties they owned in downtown Dallas.

This project, called 42 Murals, allowed artists to show off their talent through murals painted on many of the historic buildings in the area. The mural project also provides free public art to thousands of visitors and residents.

“We made a conscious effort to focus mostly on local artists and not look at an artist’s reputation experience or resume — we judged entries pretty much solely on the submission,” said Scott Rohrman, manager of 42 Real Estate, LLC, and manager of general 42 Deep Ellum. “What we got is something we are really proud of.”

From the beginning, artists knew the murals would likely be temporary. Two years later, and 42 Murals is once again calling for submissions to create new Deep Ellum murals. That means painting over most of the old ones.

“You don’t go into the Dallas Museum of Art over a 20-year period and every painting is sitting on the same wall,” Rohrman said. “Art galleries change their art and when we went into the project, we told the artists their art might only be up for a short time, two year now, all the artists signed a contract before they started painting that we could not and would not guarantee their art would stay up forever.”

To decide which of the art stays and which get painted over, there’s an Instagram contest @42murals. The three most popular murals — the ones that get the most “likes” — will be preserved, with the artists receiving a cash prize. Voting ends tomorrow.

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historic downtown dallas buildings

The Butler Brothers Buildings is one of 11 historic downtown buildings where you can live the loft life in Dallas.

This is the second installment in a two-part series looking at loft living in historic downtown Dallas buildings, originally published Aug. 5. You can read the first post here

Dallas has a rich history in downtown, with many beautiful structures from the early 1900s. We’re looking at 11 of those buildings, which have been converted, usually after years of abandonment, into hip urban loft living.

Moving to the urban core is part of experiencing a ‘walkable city’ trend, particularly among Millennials, who value the live, work, play lifestyle, says Ashley D. Stanley*, owner of Ashley’s Apartments. Stanley is a long-time downtown loft dweller with her young son, an expert on the area, and apartment locator for downtown Dallas apartment rentals.

“I live in the Wilson Building and I love being close to public transportation, the urban core, so many restaurants, and downtown businesses,” Stanley said. “A lot of my clients for whom I find apartments are looking for an urban experience and they find living in downtown Dallas to be a vibrant, exciting thing.”

Yesterday, we looked at six historic Dallas buildings where you can rent a loft: the Wilson Building, 1900 Elm Historical Lofts, American Beauty Mill Lofts, the David Building, DP&L Flats, and the Butler Brothers Building.

Today, we’ll look at the final five and you can learn about each structure’s unique place in Dallas history, price per square foot**, and amenities.

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The Kirby Residences on Main are one of 11 historic downtown buildings where you can live the loft life in Dallas.

The Kirby Residences on Main are one of 11 historic downtown buildings where you can live the loft life in Dallas. Photo: Kirby Residences

This is the first installment in a two-part series looking at loft living in historic downtown Dallas buildings, originally published July 29. Part two will publish tomorrow. Be sure to check back!

The loft life never looked better than in downtown Dallas’ historic buildings. With 11 of them converted for residential living, residents have lots of options, in terms of amenities and location.

Part of the appeal of loft living is the flexible spaces, says Ashley D. Stanley, owner of Ashley’s Apartments, a long-time downtown loft dweller with her young son, and a go-to expert apartment locator for downtown Dallas apartment rentals.

“I love the open feel and I think most people do,” she said. “Some people might section off a little area of their loft for a sitting area, but the key is you have the creative freedom to walk into an open area and make it your own.”

Another reason people choose loft living? A sense of connection to the city.

“I love knowing the story behind my building — I live in the The Wilson, which is the oldest building being used as a multi-family place,” she said. “People have a sense of pride while living in a building that’s been around for 100-plus years and you feel a part of history. Also, you’ve got the options of exposed ductwork and brick walls. I’ve even got three kinds of flooring (wood, concrete, and marble). It’s the coolest thing to have such a unique place to live.”

All of these are rental properties, and we’ve given the approximate price-per-square foot*, as well as info about the building’s background and current options in the renovated spaces.

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the metropolitan

Our Thursday Three Hundred has million-dollar downtown views, for well under $400K.

Located in the Metropolitan at 1200 Main St., Apt. 1109 is in the heart of the Main Street District of downtown Dallas. It offers true urban living, with restaurants, performance halls, museums, and the iconic Neiman Marcus store all steps from the front door.

This condo has two bedrooms, two bathrooms, and 1,379 square feet on one story. Let’s take a look.

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historic downtown dallas buildings

The Butler Brothers Buildings is one of 11 historic downtown buildings where you can live the loft life in Dallas.

This is the second installment in a two-part series looking at loft living in historic downtown Dallas buildings. You can read the first post here

Dallas has a rich history in downtown, with many beautiful structures from the early 1900s. We’re looking at 11 of those buildings, which have been converted, usually after years of abandonment, into hip urban loft living.

Moving to the urban core is part of experiencing a ‘walkable city’ trend, particularly among Millennials, who value the live, work, play lifestyle, says Ashley D. Stanley*, owner of Ashley’s Apartments. Stanley is a long-time downtown loft dweller with her young son, an expert on the area, and apartment locator for downtown Dallas apartment rentals.

“I live in the Wilson Building and I love being close to public transportation, the urban core, so many restaurants, and downtown businesses,” Stanley said. “A lot of my clients for whom I find apartments are looking for an urban experience and they find living in downtown Dallas to be a vibrant, exciting thing.”

Last week, we looked at six historic Dallas buildings where you can rent a loft: the Wilson Building, 1900 Elm Historical Lofts, American Beauty Mill Lofts, the David Building, DP&L Flats, and the Butler Brothers Building.

This week, we’ll look at the final five and you can learn about each structure’s unique place in Dallas history, price per square foot**, and amenities.

(more…)