Introduction to the Design District’s Newest Addition
A Dallas-based investment firm run by the newly retired Bush Presidential Center leader has purchased a recently finished 10-story office building in the Design District.
HFI Capital Management acquired 1333 Oak Lawn Ave., a 126,000-square-foot Class A office building. The deal was a joint venture with Quadrant Investment Properties.
About HFI Capital Management
HFI Capital Management is the family office of Ken Hersh, former president and CEO of the George W. Bush Presidential Center. Hersh is the HFI’s chairman. He is also the co-founder and former CEO of NGP Energy Capital Management, one of the largest natural resources private equity investment firms.
The deal closed last month and was announced by HFI on Tuesday. Financial terms of the deal were not disclosed.
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The Building’s Features and Amenities
The building will be rebranded “The Capital Design District,” and HFI plans to move its offices to the building, the firm said.
The property was completed in 2024 and features five floors of office space. Other amenities include an executive conference room, fitness center, complete locker rooms, a rooftop pickleball court and the Capital Spot — an 8,000 square foot private tenant lounge on the ninth floor.
HFI plans to use the private space to host a speaker series, happy hours and other networking events.
Dining Options at The Capital Design District
The building’s ground floor will house Maroma, a coastal Mexican restaurant by chef Omar Flores. Flores is behind local spots Muchacho, Even Coast and Whistle Britches.
The Design District’s Evolution
In recent years, the Design District has seen a wave of high-rise apartments, new restaurants and a luxury hotel.
Late last year, Dallas-based HN Capital Partners and developer Vipin Nambiar announced they were joining forces with New York-based McCourt Partners on Hi Line Square, a mixed-use development headlined by a 30-story residential tower and a 17-story office tower at 1650 Oak Lawn Ave. Construction is expected to begin in 2027.
“The Design District’s evolution over the last decade has been striking,” HFI chairman and founder Ken Hersh said in a statement. “It has finally arrived as an important business hub in the city. It is more than just a design district today. … The Capital will be a center for financial and entrepreneurial enterprises in a dynamic and growing part of Dallas.”
Conclusion
The purchase of the 10-story office building in the Design District by HFI Capital Management marks a significant investment in the area. With its modern amenities and prime location, The Capital Design District is set to become a hub for financial and entrepreneurial activity in Dallas.
Frequently Asked Questions
Q: Who purchased the 10-story office building in the Design District?
A: HFI Capital Management, a Dallas-based investment firm, purchased the building in a joint venture with Quadrant Investment Properties.
Q: What is the building’s new name?
A: The building will be rebranded as “The Capital Design District.”
Q: What amenities does the building feature?
A: The building features five floors of office space, an executive conference room, fitness center, complete locker rooms, a rooftop pickleball court, and the Capital Spot — an 8,000 square foot private tenant lounge on the ninth floor.
Q: What is the significance of the Design District’s evolution?
A: The Design District has transformed into an important business hub in the city, with a wave of high-rise apartments, new restaurants, and a luxury hotel. The area is expected to continue growing and developing in the coming years.
