Marketed at approximately $12.5 million, the Purse Building includes a suggested 5,000-square-foot rooftop hospitality concept for dining, lounge and event reuse. The illustrative idea invites buyers, operators and investors to envision hospitality, mixed-use or owner-occupier strategies that capture downtown Dallas’ growing finance and convention momentum.
-- A rooftop hospitality vision for the historic Purse Building puts skyline experience front and center as a way to unlock new value for a downtown property in the path of Dallas’ growing finance and convention activity. The suggested 5,000-square-foot rooftop concept is provided to help potential investors and operators picture hospitality, event, and mixed-use reuse options, and to demonstrate one clear pathway that could accelerate evening and private-event revenue in a market with rising daytime demand.
Dallas’ financial momentum is tangible. Goldman Sachs is investing roughly $500 million in a large Dallas office campus, a level of institutional commitment that brings concentrated payrolls to the local market. The Texas Stock Exchange conversation and related market infrastructure are sharpening a regional trading hub narrative.
Industry research also ranks Dallas-Fort Worth among the top U.S. markets to watch, reflecting strong investment and relocation activity. National coverage shows major banks and market operators expanding Texas footprints, reinforcing that demand drivers are shifting toward the region. Regional market moves by exchanges and market infrastructure add operational demand and support for hospitality and support services.
The Purse Building is for sale and marketed at approximately $12.5 million. Located on Elm Street in downtown Dallas’ Government District, the property sits a short walk from the Kay Bailey Hutchison Convention Center redevelopment and near growing finance activity.
The suggested rooftop concept imagines dining, lounge seating, flexible event space, and a private-event footprint that can host small conferences, client receptions, and branded activations. For a buyer or operator, a rooftop hospitality program can convert daytime convention and corporate traffic into evening demand, generate private-event revenue, and feed ground-floor retail and restaurant tenants. Wildcat is offering the concept to illustrate one credible reuse pathway, and to show how location and timing can increase a buyer’s revenue upside.
On the market and move-in ready, the Purse Building totals about 65,000 square feet across multiple floors and features flexible floor plates suitable for owner-occupier headquarters, combined office-and-operations uses, trading or back-office floors, or conversion to mixed-use hospitality. That immediacy and adaptability can shorten time to revenue for a buyer who wants to act in a market where payrolls and convention flows are concentrating.
“Great cities are shaped by a combination of capital, civic reinvestment and creative reuse,” Tanya Ragan, president of Wildcat Management, said. “This rooftop concept is an easy way to picture how hospitality, events and mixed use can bring life to a historic building and capture the momentum Dallas is getting right now.”
Wildcat Management is marketing the Purse Building to institutional investors, hospitality operators and owner-occupiers. Interested parties can request the investor packet, rooftop concept one-pager, or schedule a property tour by contacting Monica Moreno at mmoreno@wildcatmanagement.net.
See the full listing with images: https://www.loopnet.com/Listing/601-Elm-St-Dallas-TX/37525610/
About the company: About the company: Wildcat Management is a Dallas-based real estate development and investment firm led by Tanya Ragan, recipient of the 2024 Texas ICON Legacy Award by REDnews and recognized by GlobeSt. as one of the Women of Influence in Commercial Real Estate. The firm specializes in revitalizing urban communities through placemaking, sustainability, and visionary design. Wildcat’s portfolio includes transformative projects such as The Purse Building and 1823 Cadiz Street, which reflect a commitment to preserving architectural heritage while advancing modern growth across North Texas.
Contact Info:
Name: Monica Moreno
Email: Send Email
Organization: Wildcat Management
Address: 1801 N Lamar St #201, Dallas, TX 75202
Phone: (214) 758-0348
Website: https://www.pursebuildingdallas.com/
Release ID: 89175538
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