August Real Estate Co. Launches Company with Two Developments Underway

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The company has invested in two iconic buildings in Deep Ellum spanning 100,000 square feet

DALLAS - Rezul -- Dallas-based August Real Estate Co., a real estate development- focused family office co-founded by Dallas natives, brothers Evan and Jordan August, recently announced the redevelopment of two iconic buildings in the historic Deep Ellum neighborhood, The Continental Gin Building and 333 1st Avenue. With over 100,000 square feet under ownership, August Real Estate Co. is focused on developing urban, creative mixed-use spaces for businesses and individuals.

Built in 1888, The Continental Gin Building restoration is well underway with improvements. The building has been designed to provide a boutique hotel feel taking advantage of its impressive 14-foot ceilings, large exposed wood beams and hardwood floors. August Real Estate Co. repurposed the large freight elevator into a feature internal stairwell, replaced dock doors with glass windows and storefronts and expanded the front loading dock into a wrap-around deck. The upgraded building also boasts amenities for the modern user including food and beverage options, WiFi throughout, shared conferencing, massive patio and plaza areas, showers on every floor and immediate access to the Santa Fe Trail that feeds into East Dallas and connects to the White Rock Lake trail. The 2-acre site is significant for Deep Ellum, allowing for pockets of outdoor green space and abundant surface parking. There are numerous energy efficient upgrades, including solar panels on the roof and front canopy, that will contribute to the building's LEED Silver Certification.

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Pre-leasing activity has been exceptionally strong. Common Desk is leasing and managing the space and has already committed to nearly 22,000 square feet. Fiction Coffee will operate in the main building lobby. The restoration of The Continental Gin Building, as well as all future August Real Estate Co. developments will feature upgraded health and safety measures to meet today's new standards including hospital-grade air filtration, UV light systems, touchless fixtures in restrooms and anti-microbial surfaces. These upgrades combined with convenient surface parking will allow Continental Gin Building tenants a touchless route all the way to their desk. Renovations recently began on August Real Estate Co.'s second project, 333 1st Avenue, which was built in 1926 and last renovated in 2006.

In a market where tenants are increasingly searching for flexible leasing options, both The Continental Gin Building and 333 1st Avenue offer flexible lease options and customizable spaces. The Continental Gin Building is set for completion in the first quarter of 2021 while 333 1st Avenue is scheduled for completion in the second quarter of 2021, but select space is currently available for build-out while renovations on the project are underway. For more information go to: https://www.augustrealestate.com/

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Contact
Ashley Mungiguerra
***@dalacommunications.com


Source: August Real Estate Co
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Filed Under: Real Estate

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