Statler Finds a New Owner

I love the Statler. I love its history. I love its eerily glooming bottom floor. I love the idea of its potential. And apparently so does developer Leobardo Trevino, of Ricchi Dallas Investments. He just recently bought the hotel from a developer who didn’t do much with the place. Trevino has released some sketches of the proposed renovations, but there aren’t many details beyond that. Regardless, I’m excited.

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Comments

  • downtown_worker

    It was sold to Ricchi Development Group, which is also redoing the 1600 Pacific / LTV Tower project on Elm. Everyone is happy the building sold, but the consensus seems to be skepticism about this Ricchi guy and whether he has the resources to see the project through. The LTV Tower is now gutted, has been for months, with only some renderings and a tiny website to show for it: http://www.thegrandricchi.com/

  • downtowner

    Agreed – skeptical at best about this particular developer. Nothing’s been happening on LTV for quite some time now.

  • Dudosa hermano

    Dallas needs to establish a policy that property taxes double every year that a building is vacant. The absentee owners have been instrumental in keeping downtown underperforming. They buy to hold and let the property rot waiting for others to improve the area and increase their values.

  • Jef

    I really hope this developer does as he says and keeps the building’s integrity. Dallas really needs to start holding on to some of its history.

  • Not sure the article’s quote from the developer will do much to alleviate the skepticism mentioned by posters above: “People complain about 8-foot tall ceilings; we don’t see nothing wrong with them.”

  • smeyers

    So excited! That property could really turn into a showplace…

    I really wish a developer would rehab the old Dallas High School downtown. With the space around the high school and the proximity to the DART station it would make an interesting retail/residential development that could play on indoor/outdoor space and become a focal point for that area of downtown.