A couple of weeks back we talked to Realtor Newt Walker about Cali-based Robert Yu's decision to put the old Dallas High School, more commonly known as Crozier Tech, on the market after all these years. Said Walker, "Time cures a lot of things," referring to Yu's long-held grudge against the city for turning the century-old school into a historical landmark shortly after he bought it in 1998 with the intention of razing the structure.
Looks like Walker's done with his due diligence: The property hit LoopNet Friday. And while city officials are cautiously optimistic, they also remind: Yu's had the building on the market before -- during his litigation with the city, matter of fact. Back then he said that because no one made an offer on the property, which he was trying to offload at well above the appraised value, well, then, it must be worthless. At which point he yanked it off the market and vowed to hang on to the property for generations to come, just to stick it to the city.
This is how Walker's selling the property now:
A 5.42 acre development site in downtown Dallas. Part of the site, 1.13 acres, is within a historic district which protects the former "Dallas High School" constructed in 1907. City Ordinance 24469 establishes Historic Overlay District No. 101 which outlines the requirements for preservation and restoration of the existing structure. The remaining 4.29 acres can be developed in accordance with City of Dallas Zoning district CA-1.
East part of Dallas on the Pearl Street DART station. Bounded by Pearl, Bryan, Live Oak and Central.
The price is not disclosed. But the Dallas Central Appraisal District has it down at $6.8 million.