211 North Ervay
Historic Meets Modern – 211 N Ervay, Dallas Landmark Deal
Executive Summary
Summary
- Property Type Multifamily, Hotel, Retail
- Property Size 184,793 sf
- Lot Size 0.24 Acre
- Building Class Class B
- Year Built 1958
- Renovated 2014
- Market Uptown
The Opportunity
211 N. Ervay St., totaling 184,793 sf, is located in the CBD submarket of Dallas, Texas. Constructed on approximately 0.24 acres of land, the asset is currently an eighteen-story office building, originally built in 1958 and fully renovated in 2014. A 7-Eleven store occupies 2,424 sf on the ground level.
Investment Highlights
Flexible CA-1 Zoning
Approximately $20M in Historic Tax Credits (part 1 approved, part 2 ready for submission)
Approximately $26M LIHTC Credits available
Permit-ready drawing and underwriting completed for conversion to 153 apartments
Potential seller financing available
Potential Redevelopment Strategies
Multifamily
Hotel
Affordable housing
Storage
