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

| Jul 1, 2013

LEGOLAND builds 12-foot replica of One World Trade Center

The LEGOLAND Discovery Center Westchester in Yonkers, N.Y., celebrated the completion of a LEGO replica of One World Trade Center by lighting the 12-foot-tall, 100-pound model.

| Jul 1, 2013

Report: Global construction market to reach $15 trillion by 2025

A new report released today forecasts the volume of construction output will grow by more than 70% to $15 trillion worldwide by 2025.

| Jul 1, 2013

Elizabeth Chu Richter, FAIA, elected 2015 AIA President

Delegates to the American Institute of Architects (AIA) national convention in Denver elected Elizabeth Chu Richter (AIA Corpus Christi) to serve as the 2014 AIA first vice president/president-elect and 2015 AIA president.

| Jun 28, 2013

Calculating the ROI of building enclosure commissioning

A researcher at Lawrence Berkeley National Laboratory calls building enclosure commissioning “the single-most cost-effective strategy for reducing energy, costs, and greenhouse gas emissions in buildings today.”

| Jun 28, 2013

A brief history of windows in America

Historic window experts from Hoffmann Architects look back at the origin of windows in the U.S.

| Jun 28, 2013

Building owners cite BIM/VDC as 'most exciting trend' in facilities management, says Mortenson report

A recent survey of more than 60 building owners and facility management professionals by Mortenson Construction shows that BIM/VDC is top of mind among owner professionals. 

| Jun 27, 2013

Thermal, solar control designs can impact cooling loads by 200%, heating loads by 30%

Underestimating thermal bridging can greatly undermine a building’s performance contributing to heating load variances of up to 30% and cooling load variances of up to 200%, says the MMM Group.

| Jun 26, 2013

New York’s ‘Scaffold Law’ may be altered to place larger burden on workers

New York's Scaffold Law, which “places the burden of responsibility on the contractor to prove that the job site was safe for workers,” could be facing a major change.

| Jun 26, 2013

Commercial real estate execs eye multifamily, retail sectors for growth, says KPMG report

The multifamily, retail, and hospitality sectors are expected to lead commercial building growth, according to the 2013 KPMG Commercial Real Estate Outlook Survey. 

| Jun 25, 2013

Mirvish, Gehry revise plans for triad of Toronto towers

A trio of mixed-use towers planned for an urban redevelopment project in Toronto has been redesigned by planners David Mirvish and Frank Gehry. The plan was announced last October but has recently been substantially revised.

boombox1
boombox2
native1

More In Category


Urban Planning

Bridging the gap: How early architect involvement can revolutionize a city’s capital improvement plans

Capital Improvement Plans (CIPs) typically span three to five years and outline future city projects and their costs. While they set the stage, the design and construction of these projects often extend beyond the CIP window, leading to a disconnect between the initial budget and evolving project scope. This can result in financial shortfalls, forcing cities to cut back on critical project features.



Libraries

Reasons to reinvent the Midcentury academic library

DLR Group's Interior Design Leader Gretchen Holy, Assoc. IIDA, shares the idea that a designer's responsibility to embrace a library’s history, respect its past, and create an environment that will serve student populations for the next 100 years.

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