Municue
Dallas, TX

1011 South Akard Street

location
3 mentions across 3 events
1011 South Akard Street is a property address in Dallas, Texas, located in the Cedars area immediately south of downtown. The site is occupied by a mid-rise hotel property redeveloped from an earlier commercial building. It appears in City of Dallas proceedings in connection with a loan agreement between the City and TEOF Hotel LP, the borrower associated with the property, including matters concerning repayment and release of the City's lien.
3 eventsLast active Tracked since $935K city spending

Mention Frequency

Topic Distribution

Topics

development (3)
housing (2)
grant (1)
contract (1)
budget (1)

Roles

mentioned (3)

Related Entities

Office of Economic Development2
U.S. Department of Housing and Urban Development2
TEOF Hotel LP2
Lawrence E. Hamilton Living Trust1
City Attorney's Office1
Lorenzo Hotel1
Maria Smith1
Lawrence E. Hamilton, III1

Location

1011 S Akard St, Dallas, TX 75215·Show on Google Maps ↗
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Activity Timeline

August 2026

Closed Session
Briefing →

Closed-session discussion of legal issues involving the existing loan agreement between the City and TEOF Hotel LP for the property at 1011 South Akard Street.

- Legal issues related to the existing loan agreement between the City and TEOF Hotel LP for property located at 1011 South Akard Street.

June 2026

Items For Individual Consideration
City Council →

The City is asked to accept or reject an offer from TEOF Hotel LP to pay $5,707,000 (plus accrued interest and legal fees) upon the sale of the Lorenzo Hotel at 1011 South Akard Street in exchange for a release of the City's lien on the property, with no net cost to the City.

…es upon the sale and title closing of the Lorenzo Hotel (“Property”) located at 1011 South Akard Street, owned by Borrower, in exchange for the release of the City of Dallas lien on t…

March 2026

Briefing Memos
Economic Development Committee →

Proposed amendment to the City's FY 2025-26 Action Plan to authorize up to $935,101.50 in Community Development Block Grant (CDBG) funds as interim loan financing for a Section 108 Hotel Project loan agreement with HUD, for a hotel located at 1011 South Akard Street.

…artment of Housing and Urban Development (HUD) for the Hotel Project located at 1011 South Akard Street [Maria Smith, Assistant Director, Office of Economic Development] jozette.rosa…

$935K