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    Downtown News

    Statler Dallas invites suitors to fill 4 office and restaurant spaces

    Teresa Gubbins
    Feb 10, 2025 | 2:59 pm
    Statler Hilton

    Statler Hilton

    Photo courtesy of the Statler

    The Statler Dallas in downtown Dallas has space to rent, and there's now an agency ready to rent it: According to a release, Centurion American Development Group, who owns the building, has selected Bradford Commercial Real Estate Services to market office space within the historic property.

    Spaces for rent include:

    • two first-floor suites, one measuring 4,038 sf and the other 1,906 sf, which are contiguous and can be combined. One space features private entrances from the street and lobby.
    • two restaurant vacancies, one measuring 4,200 sf and the other 1,800 sf

    The larger restaurant space was previously occupied by LVI Steakhouse, which opened in mid-2023 and closed not long thereafter.

    According to a statement from Bradford senior VP Erik Blais, this is the first time a third-party agency has been retained to market the office space. Up until now, it has only been handled by Centurion. Thus, the majority of the tenants — Scout, Overeasy, Bourbon & Banter — have all been Centurion businesses, as well.

    Now the doors have been flung open to businesses who might be a good fit at the 19-story Statler, a mix of hotel suites and residences at 1914 Commerce St. They don't mention the rental rates, how tacky of you to ask, where are your manners.

    "We are targeting tenants with a profound appreciation for historical and American mid-century architecture, who desire cool, functional, and memorable spaces in the heart of Dallas," says Julianna Brooks, Bradford VP of business development and strategy who is credited with scoring the leasing assignment.

    One benefit to the first-floor office suites is that they have entrances you can access from the street. It's rare to find a small office space in downtown which is not buried inside a high-rise.

    The Statler was designed by William B. Tabler, who introduced new construction techniques and materials during the nation's post World War II development. Completed in 1956 at a cost of $16 million, it was the last hotel to be built by Statler Hotels Co., delivering shortly after the chain's acquisition by Hilton Hotels Corp.

    Centurion American Development Group acquired The Statler in September 2013, undertaking a $175-million restoration. It now features 159 guest rooms and 219 rental residences, two swimming pools, four restaurants, a music venue, 14,500-sf ballroom, and an array of Hilton concierge services.

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    millennial movers

    More millennials bought homes in Dallas than nearly any other metro in 2024

    Amber Heckler
    Jul 18, 2025 | 2:45 pm
    Homebuying
    Photo by Tierra Mallorca on Unsplash
    More than 26,000 adults aged 25-44 bought homes in San Antonio-New Braunfels last year.

    Dallas is turning into a haven for millennial homebuyers, a new SmartAsset housing study has found. Nearly 56,000 millennials purchased homes in the Metroplex in 2024.

    The report, "Where Millennials Are Buying Homes – 2025 Study," analyzed mortgage origination data across 41 of the largest U.S. metros, ranking them based on the percentage of local people aged 25-44 who purchased a home in 2024. As a note, the study only observed conventional mortgages and not FHA, USDA, or VA loans.

    The study found Dallas-Fort Worth-Arlington had the second-highest number of millennial homebuyers in the U.S. last year, with a total 55,732 mortgages originated in the metro.

    That's about 6,100 fewer mortgages than Houston-Pasadena-The Woodlands, which had the No. 1 highest rate of millennial home purchases nationwide in 2024, adding up to 61,826 mortgages.

    The median property value of a DFW home purchased by a millennial in 2024 came out to $455,000, and the median income of a millennial homeowner was $142,000, according to the report.

    Millennial Dallasites already dread being locked in as renters for the rest of their lives, and one surprising statistic found in the report backs up that fear: Only 2.33 percent of all DFW millennials bought homes last year. Furthermore, Dallas-Fort Worth placed 30th in the report's overall ranking of U.S. metros with the highest percentage of millennials who purchased homes in 2024.

    For additional context, the No. 1-ranking metro was Raleigh-Cary, North Carolina with 4.5 percent of local millennials securing a mortgage last year. However, that percentage only represented 19,735 mortgages originated in 2024.

    SmartAsset said U.S. metros with a high rate of millennial homebuyers may show desirability within the area's job market, housing market, and its local economy.

    "In some places, 1 in every 25 residents between the ages of 25 and 44 purchased a home with a conventional mortgage just in 2024 alone," the study said. "In other major metros, less than 1 in 100 Millennial-aged residents last year. This disparity can cause divergent implications for local infrastructure, politics, and business demand among different metros."

    Here's how many mortgages that were secured by millennials in Texas' other major metros in 2024:

    • Houston-Pasadena-The Woodlands – 61,826 mortgages
    • Austin-Round Rock-San Marcos – 27,196 mortgages
    • San Antonio-New Braunfels – 26,337 mortgages
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