The redevelopment of Downtown Dallas’ Statler Hotel is close to completion. According to the Dallas Morning News, the same developers behind the project also recently broke ground on a mixed-use development a block away.

The new mixed-use project is located at Jackson and Harwood Streets and will include a parking garage with 800 spaces, ground-level retail, and residential units. Developer Mehrdad Moayedi told the Dallas Morning News construction on the mixed-use project would be complete in about a year.

The building is across the street from the site of a planned park on Harwood. The parking garage will be underground, with six floors of residential space above.

"We are doing six or seven apartments facing the park with little courtyards," Moayedi said. "There is going to be 140 condos for sale on top. We feel like facing the park, a lot of people will want ownership."

The condominiums will sell at about $350 per square foot.

Construction on the new project is just beginning as the developer wraps up construction on the landmark, nearly 60-year-old Statler Hotel. Moayedi’s Centurion American Development has spent almost $230 million dollars and 30 months on the redevelopment of the classic hotel. 

The hotel redevelopment will feature a combination of hotel rooms, retail space, and apartments. Moayedi told the Dallas Morning News that there are 110 leases so far for the residences.

The developer is saving the vacant corner at Harwood and Commerce Streets for another, as-yet-undisclosed future project.