Three downtown Dallas residential buildings which sold last year to a global investor are getting a makeover.
“We look forward to implementing a value-enhancing investment program at Main 3 Downtown to update the unit interiors and improve the quality of the amenities,” Sentinel president Michael Streicker said after the purchase.
Sentinel is planning improvements to the buildings’ lobbies, amenity level and fitness center, according to planning documents filed with the state. Work on the buildings is scheduled to start later this year and wind up in early 2024. New Mexico-based Integrated Design & Architecture is handling the project.
The rental community includes a new apartment tower and parking garage, the almost century-old Gulf States Insurance building at Main and Akard streets and the 77-year-old former Mayfair Department Store on Elm. The high-rise complex is just the latest downtown apartment property making improvements to attract residents.Sentinel Real Estate has been in business since 1969 and owns more than $9.5 billion in properties worldwide. The company also has offices in the Netherlands and Australia. It has multiple apartment properties in North Texas and more than 28,000 units worldwide.
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