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ABOUT
THE PURSE BUILDING

A century-old icon in Downtown Dallas — a rare opportunity for transformative redevelopment.

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Acquisition Opportunity: A once-in-a-generation redevelopment opportunity in the heart of Dallas's Government District. The Purse Building offers scale, history, skyline views, and walk ability to everything. 

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Located in the heart of Downtown Dallas, the Purse Building stands as a rare piece of the city’s architectural and commercial history. Originally built in 1905 as a warehouse for the Parlin & Orendorff Implement Company, this iconic six-story red brick structure has witnessed over a century of Dallas’ transformation.

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Now, this beautifully preserved historic building presents a one-of-a-kind redevelopment opportunity. With exposed brick, tall ceilings, large industrial-style windows, and sweeping views of the downtown skyline, the Purse Building is perfectly suited for adaptive reuse.

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Perfect for boutique hotel, multi-family or condo development, creative office, or a flagship destination for a single user, the possibilities are limitless. Located steps from the new $3B Dallas Convention Center redevelopment and Dealey Plaza.

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Purse Building Mural of Jane Jacobs located at 601 Elm Street designed by Wildcat Management a Dallas Real Estate Development and Investment Company
Restored storefront Purse Building on busy Elm Street in Downtown Dallas Texas. Why the property is unique and special.

A BUILDING WITH HISTORY

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  • Features original pine floors, exposed brick, and timber beams

  • Open floor plans with large industrial windows

  • Updated core and shell improvements

  • Prime corner location on busy Elm Street

  • Steps from DART station, Dealey Plaza, and Reunion Tower

  • Built in 1905 for the Parlin & Orendorff Implement Co.

  • Later housed the Purse & Co. Wholesale Furniture

  • One of Dallas’ few remaining pre-World War I warehouse buildingso

  • Positioned as a cornerstone of Dallas' next wave of adaptive reuse

  • Fastest-growing district with billions in infrastructure, tourism, and residential investments

  • Rooftop  - 360° Unobstructed Views of Downtown Dallas

  • Zoning is CA – 1(A) 

    •  All zoning allowed with no maximum density

1905

YEAR BUILT

2020

YEAR REHABBED

NUMBER OF STORIES

6 FLOORS

FLOOR PLATES

9,168 SF

Building Facts
Purse Building on Elm Street in Downtown Dallas, Texas with storefront windows and historical brick facade and busy foot traffic and pedestrians

Conveniently located at the corner of Elm St.

Located just one block from the DART Rail Station, the Purse Building also has easy access to all four Dallas Area Rapid Transit rail lines for a painless workday commute and a direct route to the DFW International Airport. 

MILES

0.1 

West End Transit Stop

MILES

0.5

NEW $3B Convention Center Completion 2029

MILES

6.3

Dallas Love Field Airport

MILES

20.2

DFW International Airport

Location
Drone Photo Of The Beautiful Purse Building
Anchor 2

INVESTMENT  
HIGHLIGHTS

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TAX ABATEMENTS

The Purse Building has 3 tiers of tax rebates available due to it being a rehabilitation historic structure providing tax incentives for owners of the building.

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ELM STREET MOMENTUM

The Purse Building, a 65,000 square foot redevelopment site in the historic West End District of Downtown Dallas, Government District and across from Dealey Plaza and JFK Plaza. 

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WALKABLE AND TRANSIT ORIENTATED LOCATION

The Purse Building has easy access to all four Dallas Area Rapid Transit rail lines for a painless commute to the office or airport.

People Passing By The Historic Tax Approved Purse Building
Purse Building Interiors with exposed brick and original hardwood floors and the Wildcat Management Project Team giving a tour of the rehabilitation project.
Dallas Data for tourism and investment
Adaptive Reuse | Downtown Dallas | Historic Purse Building | Wildcat Management

HISTORIC DETAIL

"The most effective way to do it, is to do it"  - Amelia Earhart

Purse Family and Tanya Ragan, Developer of Purse Building and Owner of Wildcat Management in downtown Dallas. Historic Photos of Property located at 601 Elm Street.
Historic West End | Purse Building Dallas | Wildcat Management

STORY OF THE
PURSE BUILDING

This 6-story Chicago Italianate style building was originally used by the Parlin and Orendorff Implement Company, who sold agricultural implements.  The building was the only one in the city with a cast iron facade.  In 1928, Hall and Purse Co. became the main tenant, and the company later changes its name to the Purse & Company Wholesale Furniture.  

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After decades of vacancy and decline, the building had nearly been forgotten—until it was purchased in 2017 by Tanya Ragan, a visionary real estate investor and the owner of Wildcat Management. Where others saw neglect, Ragan saw possibility.

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Under her leadership, Phase 1 of redevelopment began with meticulous care: uncovering the original hardwood floors, exposed brick walls, heavy timber beams, and restoring the soul of the building without erasing its past. The project was executed under historic tax credit guidelines and is now primed for adaptive reuse.

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What makes this opportunity rare isn’t just the building—it’s the track record behind it.

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The Purse Building is proof of concept:

  • Vision executed

  • History preserved

  • Infrastructure stabilized

  • Value already created

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