LIFE AT THE TOP: NYLO Dallas South Side, a five-story, 76-room hotel with a rooftop bar and pool, is scheduled for substantial completion in August.
The conversion of the NYLO Dallas South Side hotel is nearing completion.
The nearly $20 million project will turn the 101-year-building — which housed the Dallas Coffin Co. from 1911 to the 1950s — into a boutique hotel that will help anchor the future development along South Lamar Street, said Jack Matthews, president of Dallas-based Matthews Southwest, which is the developer of the project.
“This was the last corner of development to finish out on Lamar Street and now we’ll infill between there and the convention center,” Matthews said.
This is the first conversion hotel project for NYLO Hotels LLC and the third NYLO hotel in Dallas-Fort Worth. The other two hotels are in Plano and Las Colinas.
NYLO Dallas South Side, a five-story, 76-room hotel with a rooftop bar and pool, is scheduled for substantial completion in August and will help South Side serve as an entertainment destination, said Marcus Shropshire, the project manager with Matthews Southwest.
“This will keep visiting artists performing at Palladium Ballroom and Gilley’s Dallas in the area and create a destination for visitors and residents in the city,” Shropshire said. “This makes South Side a destination, much like the Bishop Arts District, or West Village, or the Design District.”
Matthews Southwest has finished major construction on the project and started the cosmetic finish-out of the boutique hotel.
Dallas-based 5G is the project architect. Dallas-based Azteca Enterprises is the general contractor.
“It’s the amusement park theory: There are a lot of rides in downtown Dallas and there’s something different for everyone,” Garrett said. “The South Side will attract entertainment catering to conventioneers and will connect to the convention center, the West End and Victory Park. This is one end of the barbell to that corridor.”
Dallas officials are evaluating whether to create a tax increment financing district to help spur development in the Lamar Street corridor, but a decision is not expected anytime soon.
“This area is growing, and there’s not as much raw land that can be developed with this proximity to downtown,” Shopshire said.
Matthews Southwest has roughly 80 percent of the land and commercial property immediately off that area of South Lamar Street, he said. The developer has begun looking for best uses ranging from retail to apartments, he said.
“In the next five years, this area will change dramatically,” Shropshire said.
Relying on history
One of the major accomplishments of the NYLO Dallas South Side project is relying on history to dictate the redevelopment of the building, said Katherine Seale, a board member of Preservation Dallas, who worked with Matthews Southwest to ensure the building remains historically intact.
“The developer has only made a few exterior changes to the building,” Seale said. “This is a very sensitive preservation project, and we have been watching the progress of construction.”
The NYLO hotel sign will be hung in the same location where the Dallas Coffin Co. placed its large black-and-white printed sign on the original building, she said. The building also housed the Sears administrative offices from the 1960s until 1993.
There are only a handful of updates to the property, including retaining walls, flagpoles, the entrance to the hotel, and a cistern that will collect rainwater to reuse in the landscaping of the property.
The main entrance of the hotel off Lamar Street will have a circular drive with valet service. The guest rooms — which are already being decorated with burgundy and royal-blue accents — will keep their original concrete floors and exposed ceilings.
Some rooms have wood flooring salvaged from former basketball courts. “They are reusing everything they can,” Seale said.
Candace covers commercial and residential real estate and sports business.