By STEVE BROWN / The Dallas Morning News
Downtown's historic Davis Building opens its doors this week after more than a decade of dormancy.
Hamilton Properties is finishing up work to turn the 20-story Main Street office tower into 158 loft apartments. More than 70 units in the high-rise – empty since the mid-1980s – have been leased to residents.
"Actually, it's moving at a little brisker pace than expected," said developer Ted Hamilton, whose company spent $35 million redoing the 1926 skyscraper. Along with the apartments, which are priced from about $650 a month to $9,000 for the penthouse, the project will include about 23,000 square feet of retail space on the lower floors.
"We are working on letters of intent for two of the retail spaces," Mr. Hamilton said.
Long term – maybe in five or six years – Mr. Hamilton said he hopes to convert the Davis Building into condos.
And he's pushing ahead with renovation of the historic Dallas Power & Light Building on Commerce Street, another vacant office building heading for an apartment conversion.
"We plan to start construction in the next couple of months," he said.
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