RICHARDSON, Texas — Hill & Wilkinson General Contractors has broken ground on a $175-million redevelopment project in downtown Dallas, Texas, according to the firm’s CEO Paul Driscoll. Both the historic Statler Hilton Hotel, built in 1956 and located at 1900 Commerce Street in Dallas, and the adjacent Old Dallas Central Library will be renovated to create a destination-entertainment hub. The two properties are considered to be the finest mid-century block of architecture in the State of Texas.
The 702,615-square-foot project includes complete restoration of the buildings” exteriors and the conversion of the upper 11 stories into approximately 229 luxury residential units. The five middle stories will be converted into approximately 164 four-star boutique hotel rooms. Two lower floors will be converted into ballrooms, meeting rooms, hotel services, lobbies, restaurants and retail space. The Jackson Street and basement levels of the Statler and the library will be converted into a 250-car parking garage.
The project team includes owner/developer Centurion American Development Group, architect Merriman Associates/Architects, Inc. and engineer Besharkhah Engineering Inc.
The National Trust for Historic Preservation listed the Statler Hilton in 2008 as one of the most endangered places, citing its importance in American mid-century design. Centurion American Development Group plans to apply for historic tax credits, and the City of Dallas has provided $43.5 million in tax increment financing.
The redevelopment is slated for completion next December 2016.
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