Article by @SteveBrownDMN and The Dallas Morning News
Dallas’ oldest hotel may find new life with the latest apartment living trend.
The 111-year-old Ambassador Hotel just south of downtown Dallas was bought last year by a partnership headed by local real estate developer and investor Jim Lake Jr.
Lake plans to convert the one-time luxury hotel overlooking the downtown skyline into about 100 apartments that range from 340 to 650 square feet in size. The average will be less than 500 square feet.
Developers across the country are building these micro units to provide more affordable options for tenants. Read More >