A well-known Fort Worth developer has acquired a building in a bustling section of Dallas, with plans to turn it into a mixed-use development. M2G Ventures will repurpose a former Texans Can Academies campus at 4621 Ross Ave., in Old East Dallas, into "Bogart on Ross," an office building with a cafe, storefronts, community area, patio, art, and sculpture garden.
It's the first Dallas project for M2G, best known for developing The Foundry District in Fort Worth.
“The Dallas market is competitive, and we were fortunate to acquire an asset with good bones and in a great location with this recent acquisition,” says Susan Gruppi, M2G Ventures co-president, in a release.
The firm is working with Dallas-based Modus Architecture to preserve and enhance the building's Brutalist architecture. The three-story, 50,675-square-foot building will get a complete exterior refresh, including more windows, lighting, painted façade, ivy/greenery, and refreshed main entry. On the ground level will be storefronts with an accompanying patio and cafe, according to the release.
"An outdoor grove and community space will boast a sculpture garden with new hard- and soft-scape, including a retaining wall offering a haven from busy Ross Avenue," the release says.
Other planned improvements include a dramatic lobby, high ceilings, smooth concrete floors, new stairway treatments, new lighting, restrooms on every floor, tenant storefronts, second-floor balcony, a restriped and resealed parking lot, and restricted/gated employee parking, they say. Spaces available for lease will range from 3,000 to 9,000 square feet.
They promise "first-class amenities throughout," including a workout room with Peloton bikes and showers, an employee lounge, and a library.
“The property will be a stunner,” M2G co-president Jessica Miller says in the release. “We are most excited about the museum-quality art that will be found throughout the building, the unique amenities and shared spaces we plan to offer, and the potential for an artist residency program."
They named the building Bogart, she says, "as the art and vibe will be of Humphrey Bogart’s era."
Essl & Associates are overseeing project management, and JLL will handle leasing of the space.
Founded in 2014 by identical twin sisters Gruppi and Miller, M2G Ventures has transacted over $125 million of property throughout the Fort Worth area.
They aim to complete construction on Bogart on Ross by spring of 2020.