Hunt Capital Partners Closes West End Lofts in Dallas Preserving Landmark Buildings and Delivering Mixed Income Housing
Hunt Capital Partners closed on West End Lofts, a $125 million mixed-income, mixed-use redevelopment in Dallas that will repurpose landmark buildings in the city’s historic West End district. The project, led by Sycamore Development, will adapt a five-story former furniture warehouse built in 1904, add a new six-story building, and preserve a five-story 1925 structure believed to be Dallas’ first parking garage.
West End Lofts will deliver 154 residential units, of which 63 are income-restricted and 91 are market-rate. The income-restricted units will serve households at 30%, 60%, 70%, and 80% of Area Median Income. The development includes more than 20,000 square feet of ground-floor commercial space at 711 Elm and 805 Elm, a pedestrian plaza connecting the buildings that restores a portion of Austin Street and repurposes surface parking at 211 N. Austin Street, and resident amenities such as a pool, courtyard, co-working and meeting space, a rooftop lounge, game room, fitness center, bike storage, and a pet spa. The project also includes dedicated student learning space, notary services, and tax services for residents.
“The West End has extraordinary bones, and these two buildings tell an important story about Dallas’ early commercial history,” said Zachary Krochtengel of Sycamore Development. “Our vision from the beginning was to honor that history through careful adaptive reuse while creating a place that draws people back to the neighborhood every day. West End Lofts isn’t just housing; it’s a long-term investment in the vitality of this entire district.”
Financing combines public and private sources to support historic preservation and long-term affordability. Hunt Capital Partners syndicated $19.5 million in Federal Low Income Housing Tax Credits, $7.9 million in Federal Historic Tax Credits, and $9.8 million in certificated Texas State Historic Tax Credits. The City of Dallas committed $49 million in Tax Increment Financing support. Construction and TIF bridge loans were provided by Bank OZK, with permanent financing from Grandbridge.
“West End Lofts is a strong example of what’s possible when the right financing structure comes together around a project with real community impact,” said Jeff Weiss, President of Hunt Capital Partners. “Our role as syndicator was to bring the tax credit equity, Federal Low Income Housing Tax Credits and Federal and Texas State Historic Tax Credits, to the table in a way that makes the economics work for long-term affordability and historic preservation. We’re proud to partner with Sycamore Development on a project that does both.”
West End Lofts aligns with broader municipal goals to reactivate the West End, coordinate redevelopment around the West End DART light rail station, and support nearby catalysts including improvements tied to the Kay Bailey Hutchison Convention Center reconstruction. The project illustrates how adaptive reuse, layered tax-credit financing, and public incentives can be combined to preserve historic fabric while delivering mixed-income housing and neighborhood-serving retail. Multifamily Leadership will continue to monitor developments that link preservation, financing innovation, and community impact across the sector.