An office building located across the street from the Dr. Phillips Center for the Performing Arts has been demolished to prep it for possible future development.
The three-story office building that once occupied the lot at 500 S. Magnolia Avenue [GMap] was recently demolished and the property razed to the ground to make it a sexier prospect for hopeful developers.
The land had been approved for a hotel project back in 2016 by then-owners GDK Properties, but that stalled shortly after. The offices were then adorned with a massive mural of a monarch butterfly, painted by Ink Dwell studio, back in 2018, and entitled “Midnight Dream.” The piece had been commissioned by The Nature Conservancy to raise awareness of the dramatic decline in monarch butterflies over recent years.
An exact plan for the property is not known at this time.
See the rendering for the since-abandoned Magnolia Hotel project below.