DALLAS—Vacant office building 1401 Elm in downtown Dallas will become the epicenter of a new, urban downtown.
Olympic 1401 Elm Associates LLC, joint venture between Seth G. Weinstein principal of Olympic Property Partners, a New York-based commercial real estate company, and Bryan Dorsey of Texas-based BDRC, has purchased 1401 Elm.
The 1.5 million-square foot office tower in downtown Dallas will be converted to a mixed-used development to be named Olympic Tower. The $170 million dollar transformation will begin this spring with the demolition of interior space and heavy construction commences in the fall of 2014.
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