2625 Elm Street - RXR Highrise Apartments

[Hannibal Lecter]

Starting a new thread for this conversion. There are several posts in the Deep Ellum 1.0 thread that could/should be moved here.

A Q&A with the developer: https://therealdeal.com/texas/dallas/20 ... ellum-buy/

Excerpts:

RXR is making a play for Texas.

The New York City office landlord closed on a 100-year-old building in Dallas’ Deep Ellum entertainment district. The two-story building at 2625 Elm Street was previously a school owned by Uplift Education. In keeping with CEO Scott Rechler’s support for office-to-residential conversions, the firm plans to convert it to multifamily.

RXR’s focus on high-growth Sunbelt metros comes as it sloughs off its outdated Manhattan office buildings. In May, the firm defaulted on a $240 million loan and gave back the keys to a 33-story office tower in New York’s Financial District. Yet, it scored Manhattan’s second-largest commercial real estate loan in 2023 when it modified a $1.2 billion loan for an office building located at 1285 Sixth Avenue.

What are RXR’s plans for the building?

The broad strokes? Multifamily. Obviously, subject to change, somewhere between seven and 10 stories, about 300 apartment units. Whenever we build multifamily housing, we always include a full amenity package. There will probably be a little bit of retail associated with it as well.

[DBadger]

I do like the facade.
I am glad they are talking about keeping it.
"We want to do our best to keep as much of the existing building as possible, because we really like the aesthetic, especially on Elm Street. The whole facade of the building is really cool. In order to build, [part of the structure will have to be demolished]. "