With construction dust still floating in the air, the first model apartment is ready for touring and leases are already being signed in the new Lone Star Gas Lofts in downtown Dallas.
“We’ve been showing apartments for two days and have already leased 11 units,” said developer Ted Hamilton. Built in 1924 and 1931, the landmark former utility buildings are being converted into 123 apartments near Harwood and Jackson.
The ground floor and many of the upper levels are still under construction. And the almost $30 million development won’t be finished until June, though Hamilton has stated that they are about 2 months ahead of schedule.
The apartments will average about 940 square feet and will feature high ceilings, stained concrete floors, granite countertops in the kitchen and deluxe bathrooms. Every unit will have its own washer and dryer connections. The apartments will range from around 650 square feet with rent at about $900 a month to top-floor units with more than 2,600 square feet. The penthouses will go for as much as $4,800. The Lone Star Gas Lofts will have a 270-space parking garage that’s being built on Jackson Street using new construction and an existing office building.
The garage, along with swimming pool, outdoor patio spaces and exercise facilities, is shared with the first phase of the project, which opened more than a year ago in a former 1970s office building facing St. Paul Street. That phase is marketed as more affordable rental units.
Hamilton Properties and its partner Central Dallas Development Corp. hope to have people moving into the first apartments this spring.
