Apartments on the way for historic Dallas hotel site - The Dallas Morning News

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The site of one of Dallas’ most historic hotels has sold for a new apartment project.

The more than century-old Ambassador Hotel located just south of downtown Dallas burned in a 2019 fire.

Developer Jim Lake Cos had been planning a renovation of the vacant landmark when it was destroyed.

Now Lake Cos has sold the former hotel site on S. Ervay Street to an Austin apartment builder.

OHT Partners acquired the building site which is adjacent to Dallas’ Old City Park.

OHT builds rental communities in Austin, Dallas-Fort Worth, Houston and San Antonio.

In Dallas the developer has built rental communities in Oak Lawn, in East Dallas, Arlington and Garland.

Originally opened in 1904 as the Majestic Hotel, the Ambassador played host to dignitaries including presidents Teddy Roosevelt, William Howard Taft and Woodrow Wilson.

The hotel was one of the most prominent buildings in Dallas’ Cedars neighborhood.

Built as the city’s “first suburban luxury hotel,” the building was later repurposed as a senior housing community and then a religious center.

The Ambassador had been vacant when Jim Lake Cos bought the building in 2015 with plans to renovate it into apartments.

The developer was still working out details of the project when the late night fire hit.

J. Scott Lake and Jake Milner with Davidson & Bogel Real Estate LLC brokered the land sale.

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Apartments on the way for historic Dallas hotel site - The Dallas Morning News
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