Market Overview

The Davis Building Will Launch Momentous Light Show in Celebration of the Annual Downtown Dallas "City Lights" Event

DALLAS--(BUSINESS WIRE)--

The Davis Building, deemed a historic landmark in the heart of Downtown Dallas, will be launching its revitalized elaborate lighting design on November 16, 2012 at 7:00pm to celebrate the Eve of the annual Dallas City Lights Event. This festive gala is a tradition that brings locals and visitors together in jovial merriment.

The Davis Building currently serves as a luxury high-rise, Class A asset consisting of 183 loft-style apartment units, and 52,000 sq-ft of commercial retail space. With original terrazzo flooring, plaster and brick walls, and 12-20 foot concrete ceilings with exposed ductwork, the architecture is artistically and culturally inspiring. Constructed in 1926 for the Republic National Bank, it was later transformed in 2003 by Hamilton Properties to become one of the most stunning historic landmarks in Dallas.

Over the past 18 months, the Davis Building has been working behind the scenes on revamping the outdated lighting on the exterior of the building from the base to the highest tip of the cupola. Specific points of the original architecture will be illuminated, accenting elements of the building that had since faded. The lighting is truly remarkable, bringing life back into a building which preserves such a significant history for Dallas. This modern upgrade will also prove to be a considerable contribution to the progressive revitalization efforts of Downtown Dallas. "The goal was to preserve the authenticity of the building's structure while highlighting its unique design and original masonry. We partnered with Light Partners, LLC and Wiedamark, LLC, both of whom provided extraordinary vision and dedication on this monumental project," commented Jason Hanna, Senior Vice President of The Bascom Group.

The unveiling will include a multitude of lighting shows which will also be utilized throughout the year. The Davis Building will tailor the light shows to specific events and seasons, ranging from holiday themes, salutes to Dallas athletic teams, patriotic concepts, and much more.

Lighting Show Schedule – November 16, 2012 7pm

Show will commence every half hour beginning at 7:00pm

  • Kick-off Downtown Dallas “City Lights” Eve with holiday themes
  • A salute to Texas Rangers
  • The Gold and Silver Waltz
  • The Rainbow Connection
  • The Woman in White
  • The Star Spangled Banner
  • Finale
  • 'The Historic Davis Building - Pride of Main Street'

About The Bascom Group, LLC: The Bascom Group, LLC (http://www.bascomgroup.com) is a private equity firm specializing in the acquisition, reposition, and disposition of value-added multifamily, non-performing loans and commercial assets as well as other real estate related investments and operating companies. Bascom sources value-added and distressed properties and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom has completed over $6.7 billion in multi-family and commercial value-added transactions since 1996 including more than 200 multifamily properties totaling over 58,000 units. Bascom currently ranks among the top 50 multifamily owners in the US. Bascom's subsidiaries and joint ventures include the Southern California Industrial Fund, Rushmore Properties, Bascom Portfolio Advisors, Shubin Nadal Associates, Spirit Investors, Bascom Northwest Ventures, Bascom Arizona Ventures, and the Realm Group. Bascom's subsidiaries also include Premier Business Centers, the largest privately held executive suite company in the US.

If you'd like to schedule an interview with one of the partners, please call Jason Hanna (214-722-7526) or via e-mail at jhanna@bascomgroup.com.

The Bascom Group, LLC
Jason Hanna, 214-722-7526
jhanna@bascomgroup.com

 

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