A prime piece of Dallas real estate is up for grabs, as the historic site known as The Brewery, located near Victory Park, has been placed on the market. Foundry Commercial, a local commercial real estate firm, is overseeing the sale of this nearly four-acre site, boasting a 141,000-square-foot existing building along with sizeable surrounding land at 703 McKinney Ave.
With its rich historical character and enviable urban location, The Brewery presents various redevelopment opportunities. Interested buyers have the option to either totally redevelop the site, renovate the current structures, or even pursue a strategic expansion, according to Foundry Commercial's sales materials obtained by The Dallas Express.
Leon Backes, Owner and CEO of Provident Realty Advisors, expressed enthusiasm for the future of the site in a statement reported by The Dallas Express: "This site is and has been a quintessential part of Dallas’ history. We are delighted to be partnering with Foundry Commercial as they bring The Brewery to market to contribute to the building’s next chapter and are excited to see how the future of this phenomenal site unfolds."
Representing Foundry Commercial, Senior Vice President Marty Neilon also highlighted the property's potential, saying: "We are thrilled to be working with Provident Realty Advisors and The Kroenke Group to bring this exceptional property to market," and continued to outright emphasize the site’s “iconic location with walkable lifestyle amenities, incredible access, rich historical character, and some of the best zoning in Dallas." This information came directly from Foundry Commercial's press release.
The Brewery first came into prominence in the 1880s, serving Dallas' local brewing needs, before ultimately transforming into a key player in the city's nightlife and arts scene. This rich heritage, coupled with the site's high visibility, access, and proximity to attractions, is poised to add a significant draw for prospective developers looking to capitalize on the property's inherent value and storied past. For sales inquiries, Foundry Commercial has invited interested parties to reach out via phone or email.
