The list of downtown Dallas office towers making the switch to residential spaces is growing with a half dozen projects on the way.
“I’m a midcentury modern fan,” said Wolfe, whose firm plans to convert the 187,000-square-foot tower into 238 rental units.Wolfe Investments plans to start construction on the 211 N. Ervay building this summer and have apartments ready about 18 months later.
The 211 N. Ervay building opened in 1958. It's the last of a series of bright colored office buildings constructed downtown in the 1950sBuilt in 1958, the 18-story high-rise was constructed by legendary Dallas developer Leo Corrigan, credited with the most additions to the city’s skyline in the 1950s.
“We do a lot of one-bedrooms and a few efficiencies in these buildings,” Wolfe said. “We know the residents that are going to want to live there are more inclined to go for a one-bedroom unit. It’s going to feel big because of the size of the windows.”Unlike some of the offices Wolfe is working with, the Ervay tower will have very little dead space. Buildings with large office floors sometimes are difficult to transform into rental units.
“We are working on a deal in downtown Columbus, Ohio, and also downtown Milwaukee,” he said. “Three years ago, we bought our first vacant office building — the Rockefeller Building in downtown Cleveland. That kicked it off.”
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