Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Office  | 

Billionaire Paul Foster Claims Former Kress Department Store Building

One of El Paso’s most recognizable and historic buildings has a new owner. Local billionaire Paul Foster acquired the art-deco building out of bankruptcy for a reported $2.29 million. The previous owner was William “Billy” Abraham.

Located at the corner of Mills Avenue and Oregon Street, the Kress building has sat vacant for years. The department store officially closed in 1997, and the building housed other businesses for a while before going dark.

Foster, who made most of his billions through his involvement in Western Refining Inc., has emerged as a pioneer in redeveloping El Paso’s downtown. In 2011, he completed the multi-million-dollar renovation of the historic Mills office building, and is currently renovating the 90-year-old Plaza Hotel building. Both the Mills and Plaza Hotel buildings are located in the heart of downtown, across the street from San Jacinto Plaza and the Kress building.


Subscribe to Connect Daily Texas

For questions, comments or concerns, please contact Jennifer Duell Popovec

Connect

Inside The Story

Read More at El Paso TimesConnect With Paul Foster

About Jennifer Duell

Step 1: Select Education
  • ◦Sale/Acquisition
Colliers-62-cube