Dallas, TX – March 29, 2018 – Granite Properties, a commercial real estate investment, development and management company, announced today that Factory Six03 has won a D CEO Commercial Real Estate Award for “Best Redevelopment or Renovation.” The award honors the Dallas region’s top projects, deals and industry players of 2017.
Factory Six03 is an adaptive reuse development of a historic, 115-year-old warehouse last known as the West End Marketplace. Converting old buildings is a common trend in dense urban areas like New York and Chicago, but rare in Dallas because most historic buildings of this size and scale have been demolished.
“Factory Six03 reflects our spirit to create innovative spaces where people can flourish. It’s our first adaptive reuse project and this D CEO award recognizes the talent and creativity of our team and I’m proud of them,” said Will Hendrickson, Managing Director, Granite Properties. “By redeveloping one of the very few historic buildings in Dallas, Factory Six03 offers the city a one-of-a-kind creative workspace with a cool, urban vibe you’re used to seeing in New York or Chicago,” he added.
The 215,000 square foot, eight-story building mixes modern and new interiors with the building’s historic assets. Granite added a community lobby with a coffee lounge, ground floor restaurant space, an 8th floor customer lounge called “The Stack” with a conference center and a patio, terraces with views of the Dallas skyline and underground executive parking. Granite restored the original exposed brick, a two-story biscuit brick oven from its days as a cookie maker, a one-ton scale and the original hardwood floors. The company also refurbished the three iconic roof top cylindrical water tanks and they remain on the roof.
“Factory Six03 is a big part of the West End’s revitalization by attracting creative and innovative users like our first customer, C1 Innovation Lab by Blue Cross and Blue Shield of Texas,” said Greg Fuller, President and C.O.O., Granite Properties. “Based on our success, we’re expanding our portfolio of redevelopment projects and we just broke ground on Inland Tract to convert two mid-century warehouses into creative flex space in Atlanta’s Upper Westside,” he added.
Granite partnered with Dallas-based architect GFF, historic preservation architect Architexas, general contractor DPR Construction and landscape architect Mesa Design Group to redevelop Factory Six03.
The original structure was built in phases, starting in 1903, when it was home to the Brown Cracker & Candy Co. It became the Sunshine Biscuit Company in 1926, and a furniture distributor in the 1960s. It is most recently known as the West End Marketplace, which was established in 1985, and was home to a 10-screen movie theater. Planet Hollywood moved in on the first floor in 1991. The movie theater closed in 2000, Planet Hollywood left in 2001, and the building had been vacant since 2006.
About Granite Properties
Granite Properties is a privately held commercial real estate investment, development and management company founded in 1991, with offices in Dallas, Houston, Atlanta, Denver and Southern California. It has completed more than $6.1 billion in real estate transactions and more than 26 million square feet of real estate development and acquisitions. Granite focuses its expertise, business approach and financial resources to help their customers, communities and their people to flourish.