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Pinnacle Brings The Statler Residences to Life in Downtown Dallas

Iconic Mid-Century Building Re-Emerges In Style as a Residential Community

DALLAS, TX--(Marketwired - November 30, 2016) - Pinnacle, one of the nation's leading multifamily management firms, announces that pre-leasing is underway for The Statler Residences, a luxury mixed-use high-rise currently under renovation in Downtown Dallas. The historic icon, which once stood as the captivating Statler Hilton Hotel, is being resurrected in a polished mid-century style with 219 inspired apartments and nine penthouse suites. Located at 1919 Jackson Street, the property will house residences, a hotel, concert venue, retail, restaurants, and meeting and commercial spaces. The $225 million development has first move-ins scheduled for early 2017.

Originally opening in January of 1956, The Statler Hilton drew a distinguished and consistent list of notable guests and performers including Gene Autrey, Tony Bennett, Richard Nixon, Prince Ranier III of Monaco, Joan Crawford, Lucille Ball and Desi Arnaz, The Jackson 5, Liberace, and Tina Turner throughout its grand life until the doors closed in 2001.

"We will be excited to roll out the red carpet for residents moving in this spring," said Toni Rials, Pinnacle's regional vice president overseeing operations for the property's residences. "The Statler is a one-of-a-kind project that will make residents feel like a pampered guest in a boutique hotel. We can't wait to bring this building's rich history back to life in such a stellar location."

The property's original spirit is being re-incorporated into the modernized building with interpretations of an underground speakeasy, glamorous rooftop bar, distinctive music concert venue, drop-in diner and social space featuring bowling, ping pong, billiards and more. Residents of The Statler will also enjoy hotel style living with available room service, dry cleaning, pet walking and housekeeping, as well as the 24-hour convenience of maintenance, package receiving, concierge services, and a fitness facility. Other community amenities include a resort-style pool, outdoor kitchen, private poolside cabanas, and exclusive resident valet parking.

Inside, the apartments feature large picture windows with solar shades and sweeping views of Downtown Dallas. The inviting real hardwood floors, customized closets with organizing systems and full-size washers and dryers help to make these residences feel like home. Dramatic glass accent walls, under cabinet lighting, contemporary fixtures and energy-efficient appliances add flair to the chef-inspired kitchen. Residents will also find respite in the spa-style bathrooms with rainfall and handheld shower heads in the modern frameless glass showers.

Residents who want to indulge in a penthouse lifestyle will benefit from trendsetting chandeliers and high-end lighting, energy-saving Nest Learning thermostats, remote controlled solar shades and exclusive access to the rooftop pool and bar with panoramic Downtown Dallas city views. In addition, their opulent spa baths will host designer features such as rain shower heads and in-shower benches or free standing soaking tubs.

"Pinnacle is elated to be part of the team to introduce a modern day resident with the grand lifestyle of The Statler Residences. This historic building will once again become the place to see and be seen," explained Nathan Brainard, Pinnacle's regional marketing director in Texas. "You no longer have to be a celebrity to enjoy the unique Statler experience. Now, you can choose to live here!"

In all, 16 floor plans ranging from 501 square feet to 2,585 square feet will be available at The Statler. Residents will be within walking distance of the Main Street Garden, a robust downtown employment hub, Dallas Farmer's Market, Neiman Marcus and the Main Street District neighborhood. The property sits on the DLink Route for easy transportation and has immediate access to a network of major thoroughfares that connect to all points of the Dallas metropolitan area.

For more information about leasing an apartment in The Statler Residences or to view floorplans and a complete list of amenities, visit www.StatlerResidences.com.

About Pinnacle Property Management Services, LLC

Pinnacle Property Management Services, LLC, ("Pinnacle") is a privately held national real estate provider specializing in third party management of multifamily residential communities. As one of the nation's preferred third-party managers, Pinnacle's portfolio includes over 165,000 residential units and 2.5 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has more than 4,000 employees located in 32 states. For more information, visit www.pinnacleliving.com.

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