Hill & Wilkinson General Contractors Breaks Ground on $175M Redevelopment Project in Dallas
RICHARDSON, TX Hill & Wilkinson General Contractors has broken ground on a $175 million redevelopment project in downtown Dallas, according to the firm's CEO Paul Driscoll. Boththe 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 wil 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.
"This is an exciting project for us," says Driscoll. "The Statler Hilton is an iconic property, and we have experience in doing extensive renovations of historic properties located on tight sites. Maintaining the integrity of the mid-century architectural elements while undergoing this renovation will be both challenging and rewarding upon completion."
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 December 2016.