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    Deep Ellum News

    Historic Continental Gin building in Deep Ellum to reopen as offices in 2021

    Teresa Gubbins
    Oct 5, 2020 | 3:32 pm
    Continental Gin Building
    For decades, the building was a cheap place for artists to make their art.
    Courtesy of August Real Estate

    A historic Deep Ellum building which is being repurposed into offices has made a deal with a coworking company to lead the charge.

    Common Desk, the Dallas-based coworking company, has partnered with the historic Continental Gin Building at 3309 Elm St., and will not only implement the building's coworking space, but also help program the building to appeal to the office tenant of tomorrow.

    Evan August of August Real Estate Co., which is overseeing the building's repurposing, says in a statement that Common Desk was ideal because of its roots in Deep Ellum and its growing success.

    Their shared vision consists of a "modern, energetic, creative office environment with current technology" and amenities that will include a flagship location for their Fiction Coffee brand, August says.

    They're planning on having it complete early next year.

    August Real Estate Co. was founded by Dallas natives Evan and Jordan August, who approach urban development with an emphasis on community investment and building long-term assets that will endure for future generations.

    A 2018 post on Glasstire recounts the history of the Continental Gin Building, built in 1888 and initially a player in the global cotton market. In 1962 it became home to an elevator manufacturing company, then in 1982 was turned into artist space with really cheap rent (around $1 per square foot).

    The building is listed on the National Register of Historic Places, and the Continental Gin District is listed as historic on the city of Dallas site as a series of complexes of on​e-, two- and three-story brick factory structures built as a cotton gin manufacturing plant (and which now include Continental Gin Lofts, an apartment building).

    August Real Estate Co. acquired the Gin Building in 2018 and spent two years securing approval and finalizing the design before beginning restoration in 2019.

    The release says that Common Desk's partnership with August Real Estate Co. touches almost every aspect of the building's future, including design, furnishing, marketing, leasing support, property management, purveyor of coffee, and more.

    In addition to schematic design prior to construction, Common Desk is procuring and selecting all furniture, fixtures, and equipment for all three floors of CGB.

    Common Desk - Continental Gin will be located across nearly 22,000 square feet, taking up the entire second floor, marking Common Desk’s second location in Deep Ellum.

    It will feature shared coworking space, small- to mid-size private offices and flexible team suites, lounge areas and phone booths, and amenities like a state-of-the-art VR lab, unlimited conference room usage, on-demand coffee, cocktail delivery, and free parking.

    The third floor will contain nearly 22,000 square feet of flexible and fully-furnished spec suites priced to compete favorably against other opitons in Deep Ellum and surrounding markets. Common Desk will provide hospitality services for the coworking space and spec suites, while also providing property management services for the entire asset.

    Common Desk has been partnering with landlords since 2016 to add value via coworking spaces. This partnership is next step, says Common Desk founder-CEO Nick Clark in a statement.

    "We're incredibly excited to play a bigger role in the Deep Ellum neighborhood as an industry innovator and advocate for the office offering of the future," Clark says. "Unlike the new ground up office projects in Deep Ellum, The Continental Gin Building has a rich history in the neighborhood. We’re excited to respect that history with the new artistic / boutique design, hospitality offering, and unique aspects that've always set the building apart."

    deep-ellumtrends
    news/real-estate

    rent report

    2 Dallas suburbs have the highest rents in DFW right now, report finds

    Amber Heckler
    Dec 3, 2025 | 5:11 pm
    SkyHouse Dallas apartments
    Photo courtesy of Simpson Property Group
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    After American shoppers spent $11.5 billion on Black Friday this year, it's safe to say many people are watching their wallets this holiday season, including renters. And a new report is shedding light on the North Texas cities that are shelling out the most for their rent.

    Zumper's newest monthly rent report, released December 2, analyzed active listings from the previous month across all cities in the Dallas-Fort Worth Metroplex. It tracked the most and least expensive rent prices for one- and two-bedroom apartments, and determines the cities with the fastest growing rents. Listings were aggregated by city to calculate median asking rents.

    Frisco and The Colony tied for having the highest rent prices in Dallas-Fort Worth in November. According to the study's findings, the median rent price for a single-bedroom apartment came out to $1,620 last month in both cities. In Frisco, that's $10 lower than what it cost for the same apartment in June.

    Frisco residents are expected to budget $3,491 for their holiday presents this year, WalletHub says, which means they might be watching their spending a lot more than other North Texas residents.

    For two-bedroom units, median rent prices in Frisco rose 3.3 percent from October to $2,200. A two-bedroom apartment in The Colony rose 0.9 percent month-over-month to $2,130.

    Grapevine's median rent prices were the third-priciest out of all cities in Dallas-Fort Worth. Zumper found that the median price for a one-bedroom apartment came out to $1,470, and two-bedroom units cost $1,840 in November.

    Dallas tied with Plano for the fourth-highest rents in the metro area, the report said. Single-bedroom units cost the same amount between both cities ($1,470) while two-bedroom units were more expensive in Dallas ($2,060) than in Plano ($2,030).

    For comparison, the price of one bedroom unit in Dallas was $30 cheaper in October, while two bedroom units cost $20 less than November's asking price. In September, asking rent for single-bedroom apartments added up to $1,480, while two bedroom units cost $2,100 per month.

    These are the median rent prices for one- and two-bedroom apartments across Dallas-Fort Worth:

    • Richardson – $1,420 for one-bedroom units; $1,750 for two-bedroom units
    • McKinney – $1,400 for one-bedroom units; $1,850 for two-bedroom units
    • Carrollton – $1,360 for one-bedroom units; $1,730 for two-bedroom units
    • Lewisville – $1,300 for one-bedroom units; $1,700 for two-bedroom units
    • Burleson – $1,250 for one-bedroom units; $1,620 for two-bedroom units
    • Weatherford – $1,240 for one-bedroom units; $1,370 for two-bedroom units
    • Irving – $1,220 for one-bedroom units; $1,650 for two-bedroom units
    • Fort Worth – $1,190 for one-bedroom units; $1,450 for two-bedroom units
    • Grand Prairie – $1,170 for one-bedroom units; $1,560 for two-bedroom units
    • North Richland Hills – $1,160 for one-bedroom units; $1,460 for two-bedroom units
    • Haltom City – $1,150 for one-bedroom units; $1,430 for two-bedroom units

    DFW cities with affordable rent compared to the statewide median
    Zumper found the statewide median rent for a one bedroom apartment came out to $1,126 last month.

    Cleburne had the most affordable rent for a one-bedroom unit in all of Dallas-Fort Worth, with median prices adding up to an even $1,000. The report also found that Cleburne's single-bedroom rent costs are 10.7 percent lower than they were a year ago. The median cost for a two-bedroom unit in Cleburne ($1,190) is 8.5 percent lower than it was in November 2024.

    Six more Dallas-Fort Worth cities had more affordable single-bedroom rent prices than the statewide median: Bedford ($1,110), Mesquite ($1,110), Hurst ($1,100), Denton ($1,090), Arlington ($1,080), and Benbrook ($1,020).

    dallasfort worthrentrent pricesreal estatehousing report
    news/real-estate
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