Hunt Helming $125M Dallas Adaptive Reuse Venture

Hunt Capital Partners and Sycamore Development are converting a vintage West Dallas furniture store into apartments and retail. The adaptive reuse element will include restoration of the former five-story furniture warehouse at 805 Elm St. built in 1904. It will be complemented by a new six-story building.

Multihousing News reports the $125 million project will consist of 154 housing units, half of which will be income-restricted and the other half market-rate. Common-area amenities at West End Lofts will include a swimming pool, a courtyard, a coworking and meeting space, a rooftop lounge, a game room, and a fitness center. The community will also have more than 20,000 square feet of ground-floor retail space.

Hunt Capital Partners served as syndicator for $19.5 million in federal Low-Income Housing Tax Credits, $7.9 million in federal historic tax credits and $9.8 million in certified Texas state historic tax credits for the development.

The City of Dallas also committed $49 million to the project .

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