THE FORMER STATLER HOTEL AT 1902/1914 COMMERCE STREET IN DALLAS CITY CENTER
Ricchi Development Group is currently redeveloping 1902/1914 Commerce Street in Dallas City Center in Downtown Dallas, Texas, which opened in 1956 as the original 1,000 room STATLER HILTON HOTEL and served as Dallas’ Convention Center Hotel.
Often referred to as the “Grand Dame” of Downtown Dallas, the Statler Hotel was designed by William Tabler and was the first glass and metal hotel in the nation. In 2008, she was named as one of America’s eleven most endangered historic places by the National Trust for Historic Preservation. The Ricchi group is currently restoring the famous hotel back to its original prominence and grandeur.
The Statler Hotel building contains 589,457 square feet and is currently being prepared for renovation.. The Ricchi Group is retrofitting the original Statler Hotel building with all new state of the art mechanical, engineering, plumbing, and HVAC systems making the design and finish out for the building’s next occupant easier.
The original Statler Hotel property sits adjacent to the former Dallas Central Library to the east, also being redeveloped by the Ricchi 1954 developmet. The historic Continental Commerce Building to the west, and the four historic former Lone Gas Buildings (Atmos Energy) to the south are all currently being developed into loft style apartments by other developers. To the northeast is the Dallas Municipal Court House and Municipal Building where Lee Harvey Oswald was shot, which is being redeveloped into the new University of North Texas School of Law as a part of the expansion of the University of North Texas Downtown campus around Main Street Gardens. The original Statler Hotel Building faces Main Street Gardens to the north. Main Street Gardens is Downtown Dallas’ large new beautiful interactive park playing host to many of Dallas civic events, as well as home to the City of Dallas annual Christmas Tree and Holiday celebrations.
The original Statler Hotel property is located in Dallas City Center in Downtown Dallas and is adjacent to the Harwood Historic District. Dallas City Center is the urban heart and soul of Downtown Dallas and is comprised of approximately 22 blocks. Dallas City Center’s Stakeholders, the City of Dallas, the Downtown Dallas Association, the Downtown Dallas Tax Increment Financing District, and several different developers are spending hundreds of millions of dollars in a dynamic public/private partnership to turn the area into a bustling 24/7 urban center (See www.downtowndallas360.com)
Fourteen different properties in the Dallas City Center area are currently being redeveloped into hotels, apartments, offices, retail shops, restaurant/bars, and parks complete with a planned extension of the McKinney Avenue Trolley System down Main Street.
The original Statler Hotel property qualifies for U.S. federal income tax historic tax credits, Downtown Improvement district grants, and Downtown Tax increment Financing District grants. The Ricchi Group is proud to be an active major Stakeholder in Dallas City Center and is proud to be bringing the “Grand Dame” of Downtown Dallas back to its deserved prestige and original grandeur.