flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Developer will convert Dallas' storied LTV Building into mixed-use residential tower

Developer will convert Dallas' storied LTV Building into mixed-use residential tower

Completed in 1964, the 32-story tower once featured the world’s largest electronic signboard.


By HRI Properties | May 30, 2014
Led by Dallas Mayor Mike Rawlings, New Orleans-based HRI Properties will officially mark the launch of the LTV Building’s $80 million conversion into downtown Dallas’s first mixed-use hotel and residential complex.
 
New Orleans-based HRI Properties, LLC (HRI) recently completed the purchase of one of the most storied buildings in downtown Dallas and will convert it to an innovative mixed-use complex that will include a 171-room Hilton Garden Inn Hotel and 186 luxury apartments.
 
While multi-use residential conversions are still relatively rare in the U.S. outside of New York City, this will be the sixth such development by HRI. The company has converted similar projects in New Orleans,  Houston, Jackson, MS and Richmond, VA. Currently, HRI is also redeveloping the 225 Baronne Building in downtown New Orleans into a 188-room Aloft Hotel and 192 apartments.
 
“HRI Properties is a well respected developer out of New Orleans that has a successful track record in developing residential and hotel projects, and their plans for residential, hotel and retail will add greatly to the fun, vibrancy and quality of life creating a more urban environment Downtown,” said John Crawford, CEO of Downtown Dallas, Inc. 
 
“The redevelopment of 1600 Pacific is giving our downtown revitalization efforts another real boost and serves as yet another example of the importance of public/private partnerships to achieve mutual goals and objectives,” Crawford added.
 
“Today represents another accomplishment in our commitment to revitalize downtown,” Mayor Rawlings said. “This project will help attract more urban residents of all ages, incomes and backgrounds to downtown and continue to establish it as a vibrant neighborhood.”
 
The building, constructed in 1964, was known for many years as the LTV Building, headquarters of the former Ling-Temco-Vought company. The building’s façade created the world’s largest electronic signboard at the time. Thirty windows on each of the upper 25 floors were individually controlled and could be configured to shapes, letters and messages.
 
“In the thirty years since our founding, we have established a unique expertise in revitalizing urban centers through adaptive redevelopment of historic buildings,” said Tom Leonhard, CEO of HRI.  “Communities as varied as Richmond and Jackson have enthusiastically welcomed our capabilities in reviving their downtown centers, and we look forward to replicating that success in a major market like Dallas,” he said.
 
“The cooperation of local officials and partners is absolutely essential in a project of this nature,” said Leonhard. “This would not have come to a successful closing without the enthusiastic support from Mayor Rawlings, the City of Dallas Office of Economic Development, Downtown Dallas, Inc. and District 14 Councilmember Philip T. Kingston, who was instrumental in navigating the regulatory process for the conversion of this Dallas landmark into its new life as a multi-use complex,” Leonhard added.
 
The 32-story LTV Building is within walking distance to major downtown office buildings and the DART light rail. Residents will have exclusive access to 206 self-park parking spaces in the building on floors 2-4. The hotel will utilize 148 valet parking spaces in the basement of the LTV Building.
 
Construction is scheduled to be completed by third quarter 2015.
 
Architects for the project are HCI Architecture, Inc. and Merriman Associates/Architects, Inc. of Dallas. Interior design is by Looney & Associates. The general contractor is Andres Construction Services of Dallas.
 
Financing was provided through Capital One Bank and Fidelity Homestead Savings Bank, both in New Orleans.
 
HRI Lodging, HRI’s affiliated hotel management arm, will mange the Hilton Garden Inn Hotel, and HRI Management will manage the apartments.
 
The hotel amenities will include a first floor lobby with a restaurant/bar with outdoor seating. 2,000 square feet of meeting space will be constructed on the fifth floor, along with an outdoor pool deck and a fitness center for the hotel guests. Guest rooms will include all Hilton Garden Inn brand standard features including 42” flat panel TVs and in-room refrigerator.
 
The 186 apartment units will be located on floors 15 through 32 and feature condominium level finishes, washer and dryer appliances and stunning views of the Dallas skyline. Separate resident-only amenities include a fitness center, rooftop deck, and community space in addition to access to the public amenities of the hotel such as restaurant and bar space.

Related Stories

BIM and Information Technology | May 26, 2015

Lego-like model building kit was created by an architect for architects

Arckit, as the system is called, was designed to a 1:48 scale, making it easy to create models accurate to the real-life, physical building projected.

BIM and Information Technology | May 26, 2015

Moore's Law and the future of urban design

SmithGroupJJR's Stephen Conschafter, urban designer and planner, discusses his thoughts on the 50th anniversary of Moore's Law and how technology is transforming urban design.

Architects | May 26, 2015

AIA design competition creates portable, temporary housing for the homeless

The winning design from the AIA's "A Safe Place" competition was built at the AIA convention in Atlanta and later donated to a local non-profit partner.

BIM and Information Technology | May 21, 2015

How AEC firms should approach BIM training

CASE Founding Partner Steve Sanderson talks about the current state of software training in the AEC industry and common pitfalls in AEC training.

Architects | May 20, 2015

Architecture billings remain stuck in winter slowdown

Regional business conditions continue to thrive in the South and West

University Buildings | May 19, 2015

Special Report: How your firm can help struggling colleges and universities meet their building project goals

Building Teams that want to succeed in the higher education market have to help their clients find new funding sources, control costs, and provide the maximum value for every dollar.

University Buildings | May 19, 2015

Renovate or build new: How to resolve the eternal question

With capital budgets strained, renovation may be an increasingly attractive money-saving option for many college and universities. 

University Buildings | May 19, 2015

KU Jayhawks take a gander at a P3 development

The P3 concept is getting a tryout at the University of Kansas, where state funding for construction has fallen from 20% of project costs to about 11% over the last 10 years.

Multifamily Housing | May 19, 2015

Zaha Hadid unveils 'interlocking lattice' design for luxury apartments in Monterrey, Mexico

Hadid's scheme was inspired by the Mexican tradition of interlocking lattice geometries.

Retail Centers | May 18, 2015

ULI forecast sees clear skies for real estate over next three years

With asset availability declining in several sectors, rents and transactions should rise.

boombox1
boombox2
native1

More In Category


Museums

The Tampa Museum of Art will soon undergo a $110 million expansion

In Tampa, Fla., the Tampa Museum of Art will soon undergo a 77,904-sf Centennial Expansion project. The museum plans to reach its $110 million fundraising goal by late 2024 or early 2025 and then break ground. Designed by Weiss/Manfredi, and with construction manager The Beck Group, the expansion will redefine the museum’s surrounding site.



Reconstruction & Renovation

Movement to protect historic buildings raises sharp criticism

While the movement to preserve historic buildings has widespread support, it also has some sharp critics with well-funded opposition groups springing up in recent years. Some opponents are linked to the Stand Together Foundation, founded and bankrolled by the Koch family’s conservative philanthropic organization, according to a column in Governing magazine.

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021