"We are going to capitalize on the craftsmanship, architectureand materials and compliment that with the best that Dallas has tooffer in 2007 in craftsmanship, interior design and furniture andfixtures of the New Millennium," says Shawn Todd, president of theDallas-based investment group. The 123,602-sf landmark at 400 N.Ervay St. cost $1.5 million to complete in 1929 and is expected toeasily top $100 million in value when the new owner's done withit.

Todd Interests will be soloing on the redevelopment, which isanchored by a 25,000-sf lease with the GSA to keep the US PostalService firmly rooted in place. "We've been under contract twoyears, getting every government approval," Todd says, citing thecity, state and national processes for nailing a deed to a NationalRegister property. He tells GlobeSt.com thatthat the balance of thehistoric structure is being charted for retail, restaurant andentertainment space, 40,000 sf to 60,000 sf of class A office androughly 40 residential units. A project name is among thestill-to-come decisions.

"We feel like we've been entrusted with a tremendousresponsibility," Todd says. "The unique, timeless design elementsboth on the interior and exterior of the building afford a lot ofopportunities to do something truly wonderful. We are in theprocess of further refining our vision and ultimate business planfor this very special, one-of-a-kind architectural gem."