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106 E Elm 
ASSET OVERVIEW

TYLER | TEXAS

Downtown Tyler

Submarket

MULTI-FAMILY

Property Type

$41 MILLION

Development Cost

$13 MILLION

Historic Tax Credit Equity

About the Asset

106 E Elm is a redevelopment opportunity in downtown Tyler, Texas. This building was previously the Carlton Hotel, a 15-story, 200-key historic hotel. The property, which is located in a Qualified Opportunity Zone, sits on the northeast corner of E Elm and Broadway and is less than 1.5 miles from the University of Texas Health Science Center.

Current architectural plans include conversion into approximately 100 apartments with ground-floor commercial space and a 25,000 SF connected parking garage.

PRE CONSTRUCTION PHOTOS

NEWS

May 4, 2022

April 28, 2022

October 7, 2021

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Tyler tourism bounces back to pre-pandemic levels
New UT Tyler School of Medicine anticipates preliminary approval in June
NORF Companies Acquires Historic Texas Hotel