Historic Downtown Dallas Tower Available for Redevelopment

December 12, 2025 - 12:01

In a significant move, Thistle Creek Capital, a Utah-based investment firm, has placed the iconic tower located at 211 N. Ervay St. in Dallas on the market. Acquired just a year ago for $8 million, this mid-century structure is now being offered to potential buyers with the aim of redevelopment. The tower, which dates back to the 1950s, represents a prime opportunity for investors looking to capitalize on the growing demand for urban revitalization projects.

To facilitate the sale, Thistle Creek Capital has enlisted the expertise of Avison Young, a prominent commercial real estate services firm, to spearhead the marketing efforts. The decision to sell comes amid a broader trend of redevelopment in downtown Dallas, where older buildings are being transformed to meet modern standards and attract new businesses and residents. This tower's strategic location and historical significance make it an appealing prospect for developers looking to make their mark in the vibrant Dallas landscape.