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The historic Continental Gin Building is ousting its artists and converting to modern mixed-use.
The property, built on Elm Street in 1888 for the production of cotton gins and designated as a Dallas Landmark District in 1987, sold to August Family Partnership in March. It has served as a studio for artists since 1982, but the 55 artists in residence there have been told they need to move out within the next six months, Dallas Morning News reports.
Plans submitted to the Urban Design Peer Review Panel June 22 show a mix of 42K SF of office, 21K SF of retail and a ground-floor restaurant.
Adaptive reuse is picking up across the country, and has been particularly active in Dallas' urban core. CCIM just released a report giving the technique specific definition and guidelines, a first for the industry, it says, and a signal of adaptive reuse projects' growing importance in commercial real estate.
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