Hunt Capital Partners and Sycamore Development are moving forward with an adaptive reuse project that will transform a historic furniture store property in West Dallas into a mixed-use community known as West End Lofts. The plan centers on reusing the former five-story furniture warehouse at 805 Elm St., which dates back to 1904, and pairing it with a newly constructed six-story building to create a combined residential and retail offering.
The development carries a reported budget of $125 million and is designed to deliver 154 housing units. According to coverage in Multihousing News, the residential mix will be evenly split between income-restricted units and market-rate apartments, positioning the project to serve a broad range of renters. The adaptive reuse aspect includes restoration work on the vintage warehouse structure while integrating it with contemporary multifamily design in the adjacent new construction.
West End Lofts is planned with a full suite of community amenities. Residents will have access to a swimming pool and courtyard, along with coworking and meeting space intended to support hybrid work and small gatherings. Additional shared spaces will include a rooftop lounge, a game room, and a fitness center. Together, these amenities are intended to help the property compete in the local multifamily market while leveraging the character of the historic building.
Retail is a meaningful component of the program as well. The project is slated to incorporate more than 20,000 square feet of ground-floor retail space, creating opportunities for neighborhood-serving shops and services adjacent to the residential units. This ground-floor activation is expected to complement the adaptive reuse of the warehouse and support a mixed-use environment at the site.
Hunt Capital Partners is playing a central role in capital formation for the project through its work in the tax credit market. The firm served as syndicator for $19.5 million in federal Low-Income Housing Tax Credits, which support the income-restricted portion of the community. In addition, Hunt Capital Partners syndicated $7.9 million in federal historic tax credits, reflecting the rehabilitation of the 1904 warehouse, and $9.8 million in certified Texas state historic tax credits, further supporting the preservation component of the development.
Public participation is also part of the capital stack. The City of Dallas has committed $49 million to West End Lofts, supplementing the tax credit equity and private investment. This combination of municipal funding and multiple layers of federal and state tax credits underscores the project’s reliance on structured public-private capital to deliver a mixed-income residential and retail project while preserving a historic warehouse asset in West Dallas.
