Swiss Group Picks Up Choice Dallas Property

If there is a good deal to be made, some companies will travel half way around the world to make it. Switzerland-based Empira Group, an institutional real estate investment firm, continues its expansion in the U.S. with the acquisition of a development site located steps from the Dallas Arts District in the heart of the central business district. Empira also has projects in Miami.

Empira acquired a 1.1-acre site to build a market-rate multifamily development consisting of 375 apartments. The ground floor will offer 7,300 square feet of restaurant space and 2,500 square feet of outdoor seating overlooking Celebration of Life park (photo courtesy of JLL).

The high-rise will be located at 711 N. Pearl Street, three blocks from the largest contiguous urban arts district in the nation. Within a few blocks, residents can reach the most prominent visual and performing arts venues, such as the AT&T Performing Arts Center, the Margot and Bill Winspear Opera House, Meyerson Symphony Center and the Dallas Museum of Art.