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Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

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ArtVandelay
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby ArtVandelay » 26 Apr 2019 18:00

Does it look like they are not building up?

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jsoto3
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby jsoto3 » 26 Apr 2019 21:41

maconahey wrote:I'm guessing they're going to put up stick construction on top of this?

Yep, per the rendering this appears to be a "5-over-2" (5 stories of wood over 2 stories of concrete podium), currently the most cost-effective way to construct a 7-story multi-family residential building, especially if you want to incorporate ground floor retail.

https://www.nishkian.com/cost-effective ... struction/
https://www.awc.org/pdf/education/des/R ... 140210.pdf
https://www.thinkwood.com/news/how-a-po ... ry-project

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mdg109
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby mdg109 » 05 Jun 2019 12:36

Went by this site last night, and it still looks about the same as the photos from late April. Anyone have info on this?

itsjrd1964
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby itsjrd1964 » 06 Jun 2019 12:33

I've seen very little action from the site since the concrete got done. No preparations, no milling about, no coffee/donuts. I see more from the loiterers by the 7-Eleven. Hopefully this isn't another fake-out like 2000 Ross.


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ArtVandelay
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby ArtVandelay » 10 Jul 2019 20:02

Does anyone know whether the developer can fake us out and just put up a parking deck with no apartments/condos? They had to get approval from the landmark commission b/c it’s in a historic district. It looks like they are ready to open up the parking garage.

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CTroyMathis
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby CTroyMathis » 10 Jul 2019 21:20

In addition: https://twitter.com/mattvermillion/stat ... 9265104896

Wondering if we need to go back and read something that might've given a clue there would be a phase where the garage would open and the 5/2 would begin (at a later date, perhaps not too much later) over it while garage is in operation. No idea here, but, the pause is certainly noticeable.

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby cowboyeagle05 » 11 Jul 2019 09:46

Well, they did say the parking was of immediate need for the DMN HQ and the Hotel. I am sure they want the units to come online around the time the park is going up and Harwood Park is still in the process. I doubt leasing of those units will go very well until there is a park going forward.
“Growth for the sake of growth is the ideology of the cancer cell”

Tnexster
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Tnexster » 11 Jul 2019 21:50

cowboyeagle05 wrote:Well, they did say the parking was of immediate need for the DMN HQ and the Hotel. I am sure they want the units to come online around the time the park is going up and Harwood Park is still in the process. I doubt leasing of those units will go very well until there is a park going forward.


Reasonable explanation, lets hope that's the case.

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby lakewoodhobo » 12 Jul 2019 09:13

cowboyeagle05 wrote:Well, they did say the parking was of immediate need for the DMN HQ and the Hotel. I am sure they want the units to come online around the time the park is going up and Harwood Park is still in the process. I doubt leasing of those units will go very well until there is a park going forward.


This makes a lot of sense if you believe Centurion plans on keeping the Statler and library as a long-term investment (and I hope they do). What's more likely to happen is that one or both pieces will be sold in the next couple of years, and then whether or not to build the apartments is up to the next owner.

It's why the developer should've built the apartment shell first and finish them out at a later time, like what was done with the Parkside condos facing Klyde Warren.

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joshua.dodd
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby joshua.dodd » 13 Jul 2019 19:41

willyk wrote:Labor shortage maybe.


Or possibly a sign of a slowdown in the market, which seems most likely.

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby cowboyeagle05 » 14 Jul 2019 15:58

lakewoodhobo wrote:
cowboyeagle05 wrote:Well, they did say the parking was of immediate need for the DMN HQ and the Hotel. I am sure they want the units to come online around the time the park is going up and Harwood Park is still in the process. I doubt leasing of those units will go very well until there is a park going forward.


This makes a lot of sense if you believe Centurion plans on keeping the Statler and library as a long-term investment (and I hope they do). What's more likely to happen is that one or both pieces will be sold in the next couple of years, and then whether or not to build the apartments is up to the next owner.

It's why the developer should've built the apartment shell first and finish them out at a later time, like what was done with the Parkside condos facing Klyde Warren.


In the case of selling its kinda a blessing, they didn't build the shell because the next owner could build a better building on top. The final design left a lot to be desired but then again comparing it to the Statler, Library and the Municipal building means anything is gonna be almost like bland toast because each of those buildings is from such significant architectural eras. Mind you I too hate to stare at a bare-bones garage as much as anyone on here.
“Growth for the sake of growth is the ideology of the cancer cell”


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eburress
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby eburress » 30 Aug 2019 20:43

^^ This looks considerably worse than the renderings...

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby cowboyeagle05 » 31 Aug 2019 11:42

DMN is using the garage portion they were allocated correct?
“Growth for the sake of growth is the ideology of the cancer cell”

Tnexster
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Tnexster » 31 Aug 2019 12:46

eburress wrote:^^ This looks considerably worse than the renderings...


I drove by it recently and it really does look horrible. Hope they finish it.

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TreeFrog
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby TreeFrog » 31 Aug 2019 22:46

I just wish they would re-open Jackson westbound. Sad it's been closed this long for this hideous addition.

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby cowboyeagle05 » 01 Sep 2019 13:40

Considering the Uber announcement its not like the apartments here wouldn't be in demand. I wish the delay was because they were going build something better on top but we know that's not the case. Also, the developer just bought the old airline dormitory building on Wycliff and DNT. They keep buying new projects to start but need to finish this one...ugh. There is a construction workers shortage in Dallas but that would just be a smokescreen too. I mean it's not even that many units they could have the exterior done quickly and build out the inside once the Harwood park starts if they wanted to.
“Growth for the sake of growth is the ideology of the cancer cell”

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DD: Statler Hotel & Residences + DMN Offices (Old Statler Hilton + Old Library)

Postby lakewoodhobo » 09 Mar 2020 15:45

Big restaurant changes at Statler Dallas Hotel include a new Primo's
http://dallas.culturemap.com/news/resta ... ine-china/

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Tucy
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Tucy » 27 Jun 2020 14:48

Looking over the development map in another thread reminded me of the Centurion American residential development that was discussed and updated fairly regularly earlier in this thread, but it's been nothing but crickets since September. Is this project dead? Did they even open the parking garage (that was supposedly much needed by the DMN, etc)?

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby rono3849 » 27 Jun 2020 16:17

Tucy wrote:Looking over the development map in another thread reminded me of the Centurion American residential development that was discussed and updated fairly regularly earlier in this thread, but it's been nothing but crickets since September. Is this project dead? Did they even open the parking garage (that was supposedly much needed by the DMN, etc)?


The Morning News does use the parking garage, but the construction project for the residences above it are dead for now. Word has it that the developer ran out of money. As of now, don't hold your breath.

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R1070
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby R1070 » 27 Jun 2020 17:16

This should get revived once the park is built, I assume.

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Tucy
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Tucy » 28 Jun 2020 10:00

rono3849 wrote:
Tucy wrote:Looking over the development map in another thread reminded me of the Centurion American residential development that was discussed and updated fairly regularly earlier in this thread, but it's been nothing but crickets since September. Is this project dead? Did they even open the parking garage (that was supposedly much needed by the DMN, etc)?


The Morning News does use the parking garage, but the construction project for the residences above it are dead for now. Word has it that the developer ran out of money. As of now, don't hold your breath.


The developer still seems to be actively developing other projects, at least as recently as early this year. So I guess they just "ran out of money" that they are willing to commit to this downtown Dallas project. Or was this just a bait and switch all along??

Trust me, I'm not holding my breath on this one. ;-)
Holding one's breath on downtown Dallas developments is not a good survival strategy.
Last edited by Tucy on 28 Jun 2020 11:26, edited 1 time in total.

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tamtagon
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby tamtagon » 28 Jun 2020 11:22

^that should our next list - parking garages as the final product but were touted/promised/exempted with 'structure' above!

They're all over downtown.

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Tucy
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Tucy » 28 Jun 2020 11:47

tamtagon wrote:^that should our next list - parking garages as the final product but were touted/promised/exempted with 'structure' above!

They're all over downtown.


That would be interesting. I didn't realize. . .

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby cowboyeagle05 » 28 Jun 2020 13:30

The question is did the developer get promised any incentives for the garage/residential? If so then it must be bad for them to leave that on the table. I don't think this project did get incentives just was really about getting the parking they promised for the Dallas Morning News. I think the residential was always a how do we hide the parking garage and not come out in the negative. With their history with the Statler they would probably just turn the residential units into short term home rentals like they did with many of the units there.

I wonder if the restaurant problem has sucked up too much time and capital. They invested in reopening Primo's rebuilt the Uptown location and are opening a Downtown location because lets face it Tex/Mex or Mexican food is a solid plan in North Texas and their other options have been hit or miss at the Statler. Floating more than a few restaurants is a very capital heavy expense. Not even including the COVID complications.

The thing to keep in mind Centurion has a multiple projects in the wings but I assume they are all setup under separate entities so they reduce the opportunity to bankrupt everything together if one never gets off the ground like the South Dallas project or the Collin Creek Mall redo or the Cabana Hotel project. I wonder if the Statler is completely separate from the residential portion they proposed or is it dependent on the hotel project generating enough profit to float a construction loan.
“Growth for the sake of growth is the ideology of the cancer cell”

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Hannibal Lecter » 28 Jun 2020 14:28

Tucy wrote:The developer still seems to be actively developing other projects, at least as recently as early this year. So I guess they just "ran out of money" that they are willing to commit to this downtown Dallas project. Or was this just a bait and switch all along??


The vast majority of development projects are separate legal entities, with separate investors, lenders, etc... You wouldn't want to invest in a project if some other project's failure would takes yours down with it. Commingling funds between projects is a good way for a developer to get sued by everybody, with a decent chance of ending up in jail.

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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby cowboyeagle05 » 28 Jun 2020 14:30

^what this man said.
“Growth for the sake of growth is the ideology of the cancer cell”

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Jay9398
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Re: Downtown Dallas: Statler Hotel & Residences + Future DMN Offices (Old Statler Hilton + Old Library)

Postby Jay9398 » 01 Jul 2020 10:51

I heard from a pretty reliable source that they built over the approved setback for that district and the whole project is in limbo while they figure out what to do.


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