on October 27, 2011 / by Downtown Dallas Inc. / in Blog Posts, Economic Development and Planning, Parks and Public Space
Downtown Dallas, Inc., the City of Dallas, Forest City Residential and Hamilton Properties invited the public for a celebration to announce the redevelopment of the Continental Building and Lone Star Gas Lofts. These projects are bringing new vibrancy to this southeastern quadrant of Downtown.
“This area of Downtown is becoming a prime destination and these new projects are going to add to the momentum,” said John Crawford, President & CEO, Downtown Dallas, Inc.
With existing assets such as Main Street Garden, the UNT System, the Mercantile on Main (Element), Comerica Bank Tower, Dallas Chop House, Wild Salsa and the soon to be developed Statler Hilton, this southeastern quadrant is one of Downtown’s fastest growing areas.
“We thank everyone at Forest City and Hamilton Properties for investing in Downtown,” said Crawford. “We are grateful
for their continued support in making Downtown a world premiere destination to live, work and play.”
The Continental Building, developed by Forest City will provide 203 apartment homes; 41 apartment homes are designated as affordable housing for families earning 80% of Area Median Income.
“We’re excited to begin construction and bring new life to the historic Continental building,” said Jim Truitt, senior vice president of development, Forest City Texas. “This dynamic residential building will continue the momentum of Downtown Dallas while invigorating a piece of the city’s urban fabric for future generations to appreciate and enjoy.”
The Lone Star Gas Lofts, formerly the Atmos Complex, developed by Hamilton Properties will bring 230 new affordable loft apartments. Mayor Mike Rawlings praised Hamilton Properties, Forest City, and the Department of Housing and Urban Development for bringing new affordable housing Downtown.
“We’ve come a long way,” said Rawlings. “This is all about how government and private enterprise work together.”
The redevelopments also will act as connectors bringing the Main Street District and Farmers Market together.
“This is about knitting our neighborhoods back together again,” said Councilmember Angela Hunt.
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