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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

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    millennial magnet

    Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 11:16 am
    Millennial movers, moving
    Photo by Vitaly Gariev on Unsplash
    Dallas is one of the 15 hottest destinations for millennials.

    Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

    The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

    "The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

    Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialsdallas
    news/real-estate

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