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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

    housing affordability news

    Dallas named No. 2 Southern city where homes are becoming more affordable

    Amber Heckler
    Jan 15, 2026 | 12:54 pm
    Dallas skyline
    TREC Dallas Facebook
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    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with North Texas homebuyers experiencing the second-steepest "price correction" in the region.

    Dallas-Fort Worth buyers have a better chance of purchasing an affordable home this year after prices cooled 5.71 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Dallas ranked No. 2.

    In 2024, the median price for a single-family home in Dallas was nearly $398,000, which has since dropped to $375,000 in 2025. North Texas sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the DFW area, especially when one considers Dallas was the No. 1 destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Houston appeared just outside the top 10, ranking 11th out of 20 Southern cities, with housing prices falling by 1.5 percent during the one-year period. Houston housing prices in 2025 fell to $335,000, or $5,000 lower than the year before.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
    dallasreal estatehousing affordabilityreal estate reporthousing prices
    news/real-estate
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