"DCV – The Drever Mixed-Use Complex – Texas - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Drever Capital Management (DCV) is undertaking the construction of a mixed-use complex in Texas, the US.
The project involved the redevelopment of a 52-story office tower into mixed-use complex on 1.39ha. It includes the construction of 324 apartment units with 32 affordable housing units, a 218-room hotel, office space, retail space, restaurants, parking spaces and related facilities.
Merriman Associates/Architects, Inc. has been appointed as architect and Andres Construction Company as contractor for the project.
In February 2014, OPP acquired the project site.
In April 2014, demolition and remediation works commenced.
Olympic Property Partners were withdrawn from the project in December 2015,.
On January 4, 2016, Turner Construction filed a Chapter 7 bankruptcy liquidation petition for the property.
On March 3, 2016, Dallas bankruptcy court approved the sale of the project.
In May 2016, DCV acquired the project site and revived the plans.
In March 2017, BDRC Partners has withdrawn from the project.
As of July 2017, the project is moving on a slow phase and DCV expects to receive funding by August 2017.
The project involved the redevelopment of a 52-story office tower into mixed-use complex on 1.39ha in Dallas, Texas, the US.
The US$379 million project includes the following: