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Once a downtown eyesore, Dallas' Butler Bros. Building is ready for residents

Viji Durga  August 05, 2016   comments   Projects

EB-5 Visa, EB5 Visa, EB-5 Investment

After six years and $90 million, the massive former warehouse adjacent to City Hall known as the Butler Brothers Building is finally open for business.

Or rather, it’s open for living, working and playing, in the words of Nile Tuzun, the creative director for development company Alterra International. The redevelopment of this 1910 building is the latest chapter in a renaissance of downtown Dallas, a story propelled by hundreds of millions of dollars in city incentives in an attempt to bring the central city back to life.

Few projects have been as important to that effort as the revival of the Butler Brothers Building. The hulking 510,000-square-foot structure sat like a dead zone between Dallas City Hall and the Farmers Market District. Until it was restored or removed, the eastern end of downtown would suffer from its presence.   

But it could soon become one the most significant buildings in an area sometimes called downtown’s government district. Its developers hope to attract hundreds of new residents, a population surge that few redevelopment projects can offer.

“We were really focusing on the millennials, but not because of the age group but really it’s the lifestyle,” Tuzun said as workers drilled in the background, adding the finishing touches to the building. “We wanted people who are entrepreneurs, [people from] startups, people who have their own business and they don’t have the typical corporate identity. They can live here, they can have meetings here, they can socialize here, they can take a dip in the pool and write an email and go back to the pool again.”

Source: http://www.dallasnews.com/news/local-news/20160805-once-a-downtown-eyesore-dallas-butler-bros.-building-is-ready-for-residents.ece

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