.
Several exciting development projects are underway or near starting for Dallas ..... let's start with this beauty!
----------------------------------------------------------------------
Mercantile Continental Building now undergoing renovation in Downtown Dallas
September 26, 2011
On September 26, 2011, Forest City announced it would begin construction on the renovation of the Mercantile Continental Building in Downtown Dallas into an apartment building with 203 apartments (shown center image above).
The Mercantile Continental Building is located just west from the 1,000 room Statler Hilton/Dallas Grand Hotel renovation project that is currently underway and is just around the corner from the four building complex for the Lone Star Gas (Atmos Energy) renovation project that has also commenced.
Mercantile Continental is also located diagonally across Commerce Street from the very successful Main Street Gardens urban park.
This area of Downtown Dallas is red-hot with major renovation and re-purposing of older and empty commercial buildings into forthcoming centers of activity, mainly as residential uses but also some retail/restaurant depending on the project.
Construction crews began interior demolition and remediation, which is expected to last about 18 months. As of today, October 10, 2011, construction fencing has now gone up around the outside of the building.
Initial leasing for the apartments is expected in 2013.
"This residential building will invigorate Downtown Dallas for future generations," Jim Truitt, senior vice president for Forest City Texas was quoted concerning this project.
The 11 story Mercantile Continental Building, built in 1951, is on the south side of Commerce Street across from the 31 story 545 foot tall Mercantile Bank Building, built in 1942, and the newly constructed 15 story The Element apartment building.
The historic Mercantile Bank was previously converted into apartments and both it and The Element had their grand openings in 2009.
Mercantile Bank (left) with The Element seen here:
The Mercantile Continental Building, along with Mercantile Bank and The Element together form the "Mercantile Place on Main" development and is part of a public-private partnership with developer Forest City and Downtown Dallas Inc.
Article here:
http://www.bizjournals.com/dallas/ne...-to-begin.html