Drawn by the dynamics of Dallas’ Cedars neighborhood, SkyWalker buys the 110-year-old Hughes Brothers Candy Factory

SkyWalker Property, acting on behalf of the Hangover Opportunity Fund, recently purchased the 110-year-old Hughes Brothers Candy Factory, with plans to start construction within 9 months. The group is planning $3.2 million of investment to convert the former factory at 1401 S. Ervay St. into residential units.

The 5-story building sits in the Cedars neighborhood, one of the City’s oldest, which is now undergoing a transformation as redevelopment and new construction bring restaurants, retail, and apartments to the area. The building, built in 1903, is close to the South Side Lofts, Dallas Police Headquarters, Dallas Heritage Village at Old City Park, Gilley’s Dallas, Brooklyn Jazz Club and a growing number of art studios and galleries.

Source: CityBizList Dallas, Oct 14, 2013.
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