A Look Inside the Grand Ricchi, So Far

ltvtowerinsides.jpg
From Angela Hunt's Flickr set "1600 Pacific Tour"
The old ballroom inside the former LTV Tower, now known as the Grand Ricchi
Never could find the time to take that tour of the old LTV Tower today, but as promised in yesterday's Statler-tour item, Angela Hunt did indeed stroll the future Grand Ricchi yesterday with developer Leobardo Trevino. She just posted a series of photos showing that 1600 Pacific has indeed been stripped to the bones in preparation for build-out. Also, she notes on her blog:
Leobardo's approach to renovation appears to be well-suited to a time of economic slow-down. He plans to renovate as the floors are purchased: a crane and building materials are staged in the basement, and every floor has a large opening in the floor and ceiling along the west wall to allow the crane to operate. The building should be ready for move-in by December.

Leobardo has a similar plan for the Statler Hilton, which he purchased days ago. He and his team will clean up the exterior and interior, and do the same with the library next door. I toured the Statler two years ago, and it has such potential, with great views overlooking Main Street Garden and cool mid-century architecture (which I'm liking more and more). Leobardo is going to approach the Statler renovation in the same way as 1600 Pacific, renovating in stages. We'll see the building transform over the next two and a half years.
And by request, here's a lengthy slide show filled with Sam's pictures from our Statler walk-through yesterday. Could have been longer -- he only took, like, 408 pictures. For real.

Advertisement

My Voice Nation Help
13 comments
Real_developer
Real_developer

Angela Hunt getting snowballed by another guy (not a developer because he has never developed anything). She wouldnt know what the hell she was looking at, or not looking at anyway. The blind leading the blind.

Why has it taken him a year and half to do 4 months worth of demolition?

Oh, let me guess, the City of Dallas will simply amend his deadlines for the TIF.

These projects are going to blow up in the City of Dallas' face!!!!

Nothing but Smoke & Mirrors!

NotTheSuburbs
NotTheSuburbs

I hope Trevino is not in over his head on this one. It doesn't look like his firm has any experience with commercial real estate. A lot of the city's eggs are in his basket now.

rain39
rain39

Having lived through mid-century style and decorating, it is at the bottom of my list of decorating styles. I just got rid of my last orange and aqua sofa and Danish modern chair. Actually I still have the aqua mixing bowels and my GE hand held electric mixer....amazing over 50 years old!!Enjoy the style. You just won't find me within 100 feet of the hotel and nobody cares! I'm not spending big bucks to revisit my childhood nightmares!

Downtowner
Downtowner

Is Mr. Trevino even in discussions with a hotel operator for the first phase of this project? I know Jack Gossnell has a For Lease sign on the retail portion facing Elm. Any idea if there's at least some interest in occupying the space?

Lee
Lee

Are the gigantic wagon wheel chandeliers still in the old Lancers Club? The building had some of the most plush offices of the era-The LTV Corporation under Jim Ling. It also had white doves in big cages in the lobby.

who ray
who ray

Angela should stay focused on things she understands.........her pictures do not support her statements that "things are really happening". Isn't it interesting that none of her pictures "caught" any construction workers? The holes in the floors and ceilings she described are no doubt remnants from shafts that used to run vertically through the building. Why would anyone lift materials with a "crane" when the building has so many elevators? It's March. To be ready for occupancy by December (10 months from now), somebody needs to get "construction" started right away. All that can be seen in the pictures is demolition, no "new construction".

Who Ray
Who Ray

By the time the bad news comes out, the Mayoral election will be over. This, and the Statler........spin baby, spin...........I hope Trevino is being paid from someone's campaign funds......

LakeWWWooder
LakeWWWooder

Were you frighted by The Jetsons as a child?

IQ
IQ

Oh yeah, just what Dallas needs.......ANOTHER HOTEL!!! That's a great idea! The city is building an 1100 room hotel, so that MUST mean the hotel business is great! I'm sure Mr. Trevino is being overwhelmed by offers to put a hotel in the building.......sure.

Who Ray
Who Ray

Gosnell, like most real estate brokers, will put their signs up anywhere they can. It's free advertising for them, and certainly no guarantee of ANY RESULTS. Does anyone have a list of Mr. Gosnell's success stories in Downtown Dallas during the last five years? ten years? I'll bet the "tunnels" will get the blame!

Robert Wilonsky
Robert Wilonsky

I just called Gosnell and asked him those very questions.

He says Trevino's been approached by "three or four" interested parties about taking over several stories of the Ricchi -- and that at least one is very serious. And Gosnell says he's got several high-profile folks interested in the retail -- two with letters of intent.

"I've got great interest on the ground floor restaurant and a real interesting operator to take over the Grand Ballroom, the old LTV headquarters and ballroom," he says. "It'll be an event center, and the interest is at or greater than the going rate. They're really good deals. I can't mention the names yet -- they'd shoot me -- but I'm getting terrific feedback on it. I've got the one sign up, and I've gotten a lot of hits off that."

IQ
IQ

Good luck getting City permission to operate the old ballroom........it's on the top floor of the building if memory serves. Under the modern building code, that ballroom could not be built there today..........there are not enough fire exits to get all of those people out of the building in an emergency. This sounds like a "pipe dream".

Downtowner
Downtowner

Wow, that's good to know! I would love to see more activity on this part of Elm. Thanks Robert.

Now Trending

Dallas Concert Tickets

From the Vault

 

General

Loading...