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In 1989, the building was purchased by George Cravens III, and renovated by the architectural firm O'Connor Architecture & Interior Design Management Co., L.L.C. [4] As of 2021, the building has commercial rental space on the second, third, and fourth floors, and the first floor is used to host events. [5]
The building is also Fort Worth's largest office tower with over one million square feet of commercial office and retail space. The building was purchased for $137,500,000 in 2021. It was sold in 2023 at a foreclosure auction for $12.3 million.
Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated ...
Real estate experts from the greater Fort Worth area gathered on Jan. 19, 2023 for a look at the future of Fort Worth’s industrial, office, multi-family and capital markets.
Opened in 1930, the Sinclair has served as office space for a variety of tenants over a number of renovations until 2013, when Sinclair Holdings Group purchased the building with the intention of converting the space into hotel rooms. [2] Currently, the Sinclair operates as an upscale hotel under the Marriott company's Autograph Collection. [3]
The additional funding brings the total cost to roughly $230 million, although its still cheaper than if Fort Worth built a new building from scratch, according to a city presentation
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