« EMINENT DOMAINIA: The Big Apple Bites! | Main | As Costs Grow, NYC’s Grand Redevelopment Plans Shrink »
February 13, 2008
Forest City in the News
CoStar News, Forest City Buys Wilson Bldg. for $20 Million
Forest City Enterprises purchased the historic Wilson Building from Post Properties for $19.9 million, or approximately $139,160 per unit.
The multifamily building, at 1623 Main St. in Dallas' central business district, is across from the Mercantile Project--a $150 million renovation project also owned by Forest City.
NoLandGrab: Something tells us that they won't be tearing the historic building down for an arena and high-rise towers, as the development company tends to do in Brooklyn.
Dallas Morning News, Mercantile building's clocks light Dallas sky time and again
Dormant for nearly two decades, the four giant clocks atop downtown Dallas' Mercantile building ticked to life Tuesday night.
The renovation was no small feat: Up to eight people worked more than half a year to get the clock's 24-foot-wide hands turning again. The price? About half a million dollars.
"It was a labor-intensive and really difficult project. ... And it's pretty high up there," said Dan Hughes of Forest City Enterprises, which is converting the long-vacant building into luxury apartments.The building's 115-foot-tall ornamental spire is also illuminated again. Its white light rings flash upward when temperatures rise, downward when they fall. A star-shaped light at the spire's top glows green when weather is fair, orange-red when it's inclement.
Posted by lumi at February 13, 2008 4:28 AM