The historic Purse Building at 601 Elm Street in Downtown Dallas offers preserved architectural character, flexible redevelopment potential and highly walkable location near major civic anchors. Built in 1905, the six-story landmark supports multiple future uses and remains one of the city’s most distinctive properties.
— Opportunities like this don’t come around often. The Purse Building, a six-story, 65,000-square-foot historic landmark built in 1905, is offered for sale. More than a building, it represents a rare canvas for the next chapter of Downtown Dallas.
With original brick walls, exposed timber beams, and soaring industrial windows intact, the Purse Building offers the architectural authenticity today’s buyers seek. The property is eligible for federal, state, and local historic tax credits, preserving its historic character while providing flexible redevelopment potential.
As interest in Downtown Dallas continues to grow, properties with this level of architectural integrity and adaptability have become increasingly limited. The Purse Building’s location within a walkable, civic‑oriented district provides a strong foundation for future owners to align the asset with evolving urban demand while maintaining its historic presence.
“This isn’t just real estate — it’s a legacy,” said Tanya Ragan, President of Wildcat Management. “Few properties this historic, visible, and adaptable ever become available. Whoever acquires it has the opportunity to help define Downtown Dallas for decades to come.”
Strategically located steps from Dealey Plaza and near the $3 billion Dallas Convention Center redevelopment, the Purse Building sits at the center of one of the city’s most significant transformation zones. The location is highly walkable, well-connected, and surrounded by growing urban energy. Combined federal, state, and local historic tax credits may reduce redevelopment costs by up to 45 percent, making the opportunity as financially compelling as it is iconic.
The building’s scale, layout, and historic character support a wide range of uses, including:
Boutique or lifestyle hospitality
Multifamily residential or condominiums
Creative office or flagship workspace
Mixed‑use with ground‑floor retail and dining
With few remaining pre-World War I landmarks of this size in Downtown Dallas, the Purse Building represents a once-in-a-generation chance to acquire a property with history, presence, and unmatched redevelopment potential.
About the company: Wildcat Management is a Dallas based development and investment firm specializing in urban revitalization, adaptive reuse, and strategic redevelopment. Led by Tanya Ragan, the firm is recognized for its hands on expertise and long term commitment to Downtown Dallas, with a portfolio that reflects both vision and practicality across multiple districts.
Contact Info:
Name: Monica Moreno
Email: Send Email
Organization: Historic Purse Building
Address: 601 Elm St, Dallas, TX 75202
Phone: (214) 758-0348
Website: https://www.pursebuildingdallas.com/
Release ID: 89183111
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