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

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.

The surrounding environment plays a huge role in the mental state of the occupants of a space, especially behavioral health patients whose perception of safety can be heightened. When patients do not feel comfortable in a space, the relationships between patients and therapists are negatively affected.

Engineers | Jun 14, 2023

The high cost of low maintenance

Walter P Moore’s Javier Balma, PhD, PE, SE, and Webb Wright, PE, identify the primary causes of engineering failures, define proactive versus reactive maintenance, recognize the reasons for deferred maintenance, and identify the financial and safety risks related to deferred maintenance.

California State University, East Bay's Collaborative Opportunities for Research & Engagement (“CORE”) Building bridges upper and lower campuses Photos courtesy Anderson Brulé Architects

University Buildings | Jun 14, 2023

Calif. State University’s new ‘library-plus’ building bridges upper and lower campuses

A three-story “library-plus” building at California State University, East Bay (CSUEB) that ties together the upper and lower campuses was recently completed. The 100,977-sf facility, known as the Collaborative Opportunities for Research & Engagement (“CORE”) Building, is one of the busiest libraries in the CSU system. The previous library served 1.2 million visitors annually.

Higher Education | Jun 14, 2023

Designing higher education facilities without knowing the end users

A team of architects with Page offers five important factors to consider when designing spaces for multiple—and potentially changing—stakeholders.

Resiliency | Jun 14, 2023

HUD offers $4.8 billion in funding for green and resilient building retrofit projects

The Department of Housing and Urban Development (HUD) recently released guidelines for its Green and Resilient Retrofit Program (GRRP) that has $4.8 billion for funding green projects.

Enmarket Arena Savannah, Georgia, Perkins&Will, Goode Van Slyke Photo Jonathan Hillyer

Arenas | Jun 14, 2023

A multipurpose arena helps revitalize a historic African American community in Georgia

In Savannah, Ga., Enmarket Arena, a multipurpose arena that opened last year, has helped revitalize the city’s historic Canal District—home to a largely African American community that has been historically separated from the rest of downtown.

Building Materials | Jun 14, 2023

Construction input prices fall 0.6% in May 2023

Construction input prices fell 0.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices declined 0.5% for the month.

The Edes Building, a two-story art gallery and wine bar in the Silicon Valley community of Morgan Hill

Mass Timber | Jun 13, 2023

Mass timber construction featured in two-story mixed-use art gallery and wine bar in Silicon Valley

The Edes Building, a two-story art gallery and wine bar in the Silicon Valley community of Morgan Hill, will prominently feature mass timber. Cross-laminated timber (CLT) and glulam posts and beams were specified for aesthetics, biophilic properties, and a reduced carbon footprint compared to concrete and steel alternatives.

Mixed-Use | Jun 12, 2023

Goettsch Partners completes its largest China project to date: a mixed-used, five-tower complex

Chicago-based global architecture firm Goettsch Partners (GP) recently announced the completion of its largest project in China to date: the China Resources Qianhai Center, a mixed-use complex in the Qianhai district of Shenzhen. Developed by CR Land, the project includes five towers totaling almost 472,000 square meters (4.6 million sf).

Currently Reading

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

Tags

Industry Research | Jun 15, 2023

Healthcare Facilities | Jun 14, 2023

Engineers | Jun 14, 2023

University Buildings | Jun 14, 2023

Higher Education | Jun 14, 2023

Resiliency | Jun 14, 2023

Arenas | Jun 14, 2023

Building Materials | Jun 14, 2023

Mass Timber | Jun 13, 2023

Mixed-Use | Jun 12, 2023

Most Popular Content

Magazine Subscription

Get our Newsletters

Follow BD+C: