New Orleans-based HRI Properties (HRI) announced the LTV Building’s $80-million conversion into downtown Dallas’s first mixed-use hotel and residential complex that will include a 171-room Hilton Garden Inn Hotel and 186 luxury apartments.
This will be the sixth such development by HRI. The company converted similar projects in New Orleans, Houston, Jackson, MS and Richmond, Va. Currently, HRI is also redeveloping the 225 Baronne Building in downtown New Orleans into a 188-room Aloft Hotel and 192 apartments.
The building, constructed in 1964, was known for many years as the LTV Building, headquarters of the former Ling-Temco-Vought company. The building’s façade created the world’s largest electronic signboard at the time. Thirty windows on each of the upper 25 floors were individually controlled and could be configured to shapes, letters, and messages.
The 32-story LTV Building is within walking distance to major downtown office buildings and the DART light rail. Residents will have access to 206 self-park parking spaces in the building on floors 2 to 4. The hotel will have148 valet parking spaces in the basement of the LTV Building.
Construction is scheduled to be completed by third quarter 2015.
Architects for the project are HCI Architecture and Merriman Associates/Architects of Dallas. Interior design is by Looney & Associates. The general contractor is Andres Construction Services of Dallas.
Financing was provided through Capital One Bank and Fidelity Homestead Savings Bank, both in New Orleans.
HRI Lodging, HRI’s affiliated hotel management arm, will manage the Hilton Garden Inn Hotel, and HRI Management will manage the apartments.
The hotel amenities will include a first floor lobby with a restaurant/bar with outdoor seating. Approximately 2,000 square feet of meeting space will be constructed on the fifth floor, along with an outdoor pool deck and a fitness center. Guestrooms will include all Hilton Garden Inn brand standard features including 42-inch flat panel TVs and in-room refrigerator.
The 186 apartment units will be located on floors 15 through 32 and havecondominium level finishes, washer and dryer appliances and views of the Dallas skyline. Separate resident-only amenities include a fitness center, rooftop deck and community space, in addition to access to the public amenities of the hotel such as restaurant and bar space.
Based in New Orleans, HRI was established in 1982 It completed more than 68 large-scale projects, which total 5114 apartment and condominium units, 4,116 hotel rooms and more than 1.3 million square feet of retail and office space with a total development cost of $2 billion.
Merriman Associates/Architects is a Dallas based architecture and planning firm offering programming, urban planning, architectural design, space planning, interior architecture/design, graphic design, construction document production, construction observation, 3-D visualization and facilities move coordination. Its services cover all 50 states and 10 foreign countries.
RENDERINGS COURTESY OF MERRIMAN ASSOCIATES ARCHITECTS INC.