Alpha Barnes congratulates our Team at the Award Winning Butler Bros. Building!
Best Public-Private Partnership
Between state and federal historic tax credits, EB-5 debt, and the largest Property Assessed Clean Energy (PACE) loan in U.S. history, financing the $120 million Butler Bros. Building renovation at 500 South Ervay St. was a complex deal. When the PACE debt was awarded to developer Alterra International via law firm Munsch Hardt Kopf & Harr for the century-old building in July 2017, the loan touted a few accolades. The unique partnership involving the city and state was the first PACE loan in Dallas and the largest in Texas. The end result: an energy-efficient mixed-use project with 238 apartments and a 270-room dual-branded hotel just steps away from City Hall. Visit BBBapts.com