Renovation of historic Purse & Co. Building in downtown Dallas moves ahead

Wildcat Management

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Developers have finished the first phase in the renovation of downtown Dallas’ historic Purse & Co. Building.

The more than century-old former warehouse at 601 Elm St. is being converted into a combination of office and retail space by developer Tanya Ragan.

A new showroom space and other upgrades have been completed in the six-story, 70,000-square-foot building. Construction on the project is set to finish early next year.

"Years of accumulated neglect have been reversed, taking the historic building back to her original glory," Ragan said in a statement. "We’re creating an atmosphere that is a fine balance between paying homage to history and being cutting-edge.

"This is not your typical commercial office or retail space."

Built in 1905, the Purse Building is one of the last undeveloped structures in downtown Dallas’ West End Historic District.

Ragan’s Wildcat Management is redeveloping the building with historic tax credits and is seeking incentives from the city’s tax increment finance district.

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Nikki Bolton