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"Financially devastating": Receiver takes over embattled Pembroke Pines condo complexHistoric Dallas buildings hit the market
The 1905 Purse Building and an 1878 warehouse in the West End are up for grabs
Marcus & Millichap’s Joe Santelli, Wildcat Management's Tanya Ragan and Shop Companies' Thomas Glendenning and Jake Sherrington with 601 Elm Street and 1815 Market Street (Marcus & Millichap, LinkedIn, Shop Companies, Getty)
By
Apr 21, 2023, 3:00 PM
Two historic buildings with industrial roots are on the market in downtown Dallas.
The six-story Purse Building at 601 Elm Street, and the two-story building at 1815 Market Street, which for decades housed the Spaghetti Warehouse restaurant in downtown Dallas’ West End, are for sale, the Dallas Morning News reported.
The Purse Building, a 65,000-square-foot brick and timber building constructed in 1905, was originally used as offices and warehouse space for agricultural firm Parlin and Orendorff Implement Company. It sat vacant for nearly 20 years until Tanya Ragan of Wildcat Management purchased it a few years ago and began making upgrades to the lower floors.
Its close proximity to AT&T Discovery District “positions it well for either a residential or hospitality adaptive reuse,” the property listing states.
“The building has been completely stripped to reveal the original flooring and walls,” the listing states. “A new owner can finish out an amenity roof deck of up to 3,300 square feet.”
Joe Santelli of Marcus & Millichap has the listing.
A few blocks away, a 145-year-old building in Dallas’ West End is up for grabs. The two-story, 20,000-square-foot building at 1815 North Market Street was a top local attraction for decades when it was the Spaghetti Warehouse restaurant. It closed in 2019, and the interior has since been razed completely. Thomas Glendenning and Jake Sherrington of Shop Cos. have the listing.
The building is being marketed as a redevelopment opportunity, and an outdoor dining space overlooking West End Square Park could be added, the outlet said. As the West End continues to emerge as a hub for tech, culture and entertainment, investors are looking to repurpose old buildings for residential, hospitality or mixed-use projects.
Another historic Dallas Building, the six-story Landmark Center on Ross Avenue and Lamar Street, built in 1913, also hit the market in November.
That 140,300-square-foot building served as a warehouse for General Electric upon completion in 1913. It was converted into offices in the 1970s and is now mostly vacant.
—Quinn Donoghue
