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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.

    downtown
    news/real-estate
    popular

    REAL ESTATE NEWS

    Nearly half of Dallas home sellers are slashing prices amid buyer’s market

    Brandon Watson
    Apr 29, 2026 | 2:31 pm
    Homes
    Photo by Dillon Kydd on Unsplash
    Nearly 58 percent of San Antonio home sellers dropped their list price in February

    Prospective home buyers in Dallas may want to seal the deal this spring. According to a new Redfin report, nearly 47.3 percent of home sellers in the city dropped their list price in February.

    Two other Texas cities clocked ahead of Dallas: In Austin, the number was 55.2 percent, and in San Antonio, it was an eye-popping 57.9 percent — the highest share among the 50 most populous regions in the U.S.

    According to the real estate marketplace, Texas’ dominance on this list isn't coincidental. Along with Florida, the state has been building more homes than anywhere in the nation, giving prospective buyers more options and bargaining power.

    Nationwide, 34.2 percent of February home sellers cut their asking price, a 31.5 percent rise from a year earlier and the highest share ever since Redfin began tracking markets in 2012. The average cut was $40,915, approximately 7 percent of the original sticker price.

    Redfin attributes the discounts to a classic supply-and-demand imbalance. High mortgage rates combined with economic uncertainty have kept buyers on the fence while sellers continued to flood the market with new homes. The company speculates that the real rate of cuts may be higher since it does not account for delisted properties.

    “A lot of people who couldn’t sell their homes last year opted to delist instead of reducing the price, with a plan to relist this spring because they knew that would give them a better chance of selling,” says Redfin real estate agent Aditi Jain, via a release “Some homeowners need to move immediately, but those who can afford to time the market may get a better price.”

    Redfin says that spring consistently produces the lowest share of price cuts, with May having the lowest share in six of the past 10 years, and April taking the title in three others.

    Sellers who closed in December faced the highest likelihood of cutting their price. Sellers who have owned their homes longest are also better protected from market fluctuations.

    Owners who have lived in their homes for at least seven years cut prices at a rate of 31.8 percent, compared to 37.4 percent for those who have owned for two years or less. More recent buyers who purchased their homes at the height of the pandemic boom are now reluctant to accept what the market will actually bear.

    The five U.S. cities with the highest shares of cut listing prices are:

    No. 1 — San Antonio, Texas (57.9%)
    No. 2 — Austin, Texas (55.2%)
    No. 3 — Dallas, Texas (47.3%)
    No. 4 — Tampa, Florida (45.9%)
    No. 5 — Fort Lauderdale, Florida (44.9%)

    economyhome marketrankingsreal estatehome-for-salehousing market
    news/real-estate
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