In case you haven’t heard, New Orleans-based HRI Properties purchased the 9-story Mayflower Building located at 411 N. Akard Street last year and are currently in the process of converting it into a chic, 215-unit apartment building that will include awesome living spaces, a rooftop swimming pool, and even a ground-floor restaurant.
Believe it or not, the bulk of the work has already been completed and HRI is hoping to have units ready to hit the market before for the end of the year.
In addition to the Mayflower Building, the same development company also purchased Dallas’ old LTV Tower at 1600 Pacific Avenue and have already converted this former office building into stylish new residential rentals, which also sit atop a Hilton Garden Inn on the building’s upper floors.
In all, it’s been reported that HRI has closed about 80 deals around the country specializing in repurposing old buildings into fancy new residential spaces, and it’s something that’s certainly paying off in a huge way.
The apartment market in Dallas specifically has been red hot over the last two years and with no signs of this trend slowing down, the unique strategy not only helps bring empty buildings back to life but also maintains the original character of many vintage high-rises that helped shape skylines all over the U.S., which is something that just anyone can appreciate.
And in the case of the Mayflower Building specifically, it’s mid-century design should no doubt be a huge hit with urban dwellers in Dallas looking for a sweet new place to call home.