The construction wrap-up caps a year of work at 2036 and 2038 Commerce St., both under consideration for city and national historic designations. Talks are under way with a tenant for 25% of the 12,000 sf, Roger Gault, one of three Solomon owners, tells GlobeSt.com.
Gault and Dallas businessmen Rick Butler and Greg Campbell formed Solomon Partners and bought the two buildings early last year. Gault says the trio sees the properties as a bridge to the thriving Deep Ellum and CBD. He says the historic structures have been vacant for nearly 20 years.
The larger structure is the Bluitt Building, a 7,000-sf building constructed in 1904 by one of the city's first African-American physicians. Dr. Benjamin Bluitt had used the building for Dallas' first medical clinic for African-Americans. The neighboring 5,000-sf R.F. Aspley Building had been constructed in 1902 for a dry goods business.
Solomon Partners' undertaking is situated two blocks east of Spire Realty Group Inc.'s $85-million project on a four-building historic property, called the Mercantile complex. Work on the 1.2-million sf project is forecast to get under way in the fourth quarter.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.