Downtown Dallas Tower to Convert to Apartments

Wolfe Investments has acquired the 211 North Ervay high-rise in downtown Dallas with plans to convert the 187,000-square-foot tower into 238 rental units while preserving its vibrant exterior. The midcentury tower, known for its bright azure and aquamarine blue panels, was previously declared downtown's worst eyesore by a former Dallas mayor. The new redesign will also add amenities including a fitness center and business lounge, and construction is estimated to take 14-16 months. With demand for office space declining, several downtown building owners are transitioning their properties to include residential space.