Just three years ago a “compassionate investor” bought the 11-story View at Kessler apartment building in Stevens Park with a promise of providing affordable workforce housing in Dallas.
But then the Turner Multifamily Impact Fund, which uses celebrities including Eva Longoria and Chris Paul to promote itself, unloaded the property recently.
The View at Kessler Park, originally built as the Wedgwood in 1964, sold to Dallas-based Westmount Realty Capital.
Westmount has plans to fully renovate the property to pursue a “millennial demographic,” Westmount CEO Clifford Booth told the Dallas Morning News.
“It’s going to be unrecognizable when we are finished,” he told the newspaper.
Booth said the company plans to hold the building longterm rather than resell it once it’s renovated.
The company plans to renovate the lobby and cafe and update the gym, pool and leasing center. They plan to add a lounge to the top floor with conference rooms and a terrace.
Architect Walter Ahlschlager designed the high-rise, as well as a similar building in San Antonio. Ahlschlager also designed the Mercantile National Bank Tower in Downtown.
