1900 Pacific Residences 1900Pacific Residences has ground-floor retail space and a rooftop pool(credit: Apartment Finder).

DALLAS—The former downtown office building, Corrigan Tower, wasoriginally built in 1952 by Dallas real estate mogul, Leo Corrigan,and was vacant for more than a decade before being redeveloped. Andnow, it has been transformed from a midcentury-modern tower to a150-unit class-A apartment building with ground-floor retail space and a rooftoppool in a development called 1900 Pacific Residences.

The renovation had several headwinds that were ultimatelyovercome in the process. Of course, the historic nature of thebuilding was one factor. Another obstacle was deferred maintenancedue to the decades-long building vacancy.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.