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Elevated costs push owner to reconsider office-to-hotel conversion in downtown Dallas

Lotus Hospitality pivots to apartments in plan that is expected to be less expensive
Construction on the redevelopment of The Hartford Building in downtown Dallas is expected to get started before fall, the owner said. (CoStar)
Construction on the redevelopment of The Hartford Building in downtown Dallas is expected to get started before fall, the owner said. (CoStar)

Rising construction costs have pushed a hospitality-focused real estate investment firm to change up its plans in redeveloping an aging office tower in downtown Dallas built by legendary developer Trammell Crow.

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