Funding type
This project is privately funded, on private land for private use.
The Village - Hotel Drey Conversion in Dallas, TX
5625 Village Glen Drive, Dallas, TX, 75206
The Village - Hotel Drey Conversion is a renovation/alteration project at 5625 Village Glen Drive, Dallas, in Dallas County, TX, tracked from its Texas Department of Licensing and Regulation (TDLR) registration. Scheduled to finish Oct 2026 per its TDLR filing; no final inspection recorded yet. The project has an estimated value of $18.0M across about 44,251 sq ft.
- Estimated project value
- $18.0M
About this figure
Estimated construction cost supplied in the TDLR filing. This is not a current property appraisal or a final construction invoice.
- Reported floor area
- 44,251 ft²
About this figure
Square footage reported for this scope of work. It may cover only part of a larger property.
- Estimated cost / ft²
- $407/sqft
About this figure
Calculated from this filing’s estimated cost divided by its reported square footage. Available only when both figures are supplied; it is not a market benchmark.
- Scheduled duration
- 1y 3mo
About this figure
The interval between the filed start and completion dates. These dates describe the proposed schedule and do not measure actual construction progress.
The project record
Project timeline
Explore filed milestones and scheduled dates. Open a milestone for its source.
4 timeline dates shown.
Project registered · TDLR filing
Registration of the project with the Texas Department of Licensing and Regulation.
Source: TDLR filing
View source recordReview complete · TDLR filing
The filing records completion of the accessibility review.
Same day as the preceding date shown.
Source: TDLR filing
View source recordScheduled construction start · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
84 days after the preceding date shown.
Source: TDLR filing
View source recordScheduled completion · Scheduled date
A date supplied in the filing; this does not confirm that work started or finished.
457 days after the preceding date shown.
Source: TDLR filing
View source record
📰About The Village - Hotel Drey Conversion
The Drey Hotel, filed as The Village - Hotel Drey Conversion, is a $18,000,000 renovation project located at 5625 Village Glen Drive in Dallas. The total project area is 44,251 sq ft, resulting in a cost of $407 per square foot.
Village Main Street Land, LLC is the owner of record, while HKS Inc. serves as the design firm. The project is privately funded and situated on private land for private use. TDLR completed the plan review in April 2025, and construction was scheduled to begin in July 2025 with a target completion date of October 2026. However, TDLR has not yet recorded a final inspection, so the current state of the site is not confirmed in the public record.
Project Scale and Context
This renovation is significantly larger than typical projects in the region. Among 32,614 registered renovation and alteration filings in Dallas County, the median estimated cost is $250,000. The Drey Hotel’s $18,000,000 budget places it in the top quarter of county filings for this work type. Similarly, the median size for these projects is 4,222 sq ft, whereas this project spans 44,251 sq ft. The scheduled build window of 457 days is also longer than the county median of 92 days.
HKS Inc. has registered six other projects with TDLR, totaling $165,652,740. These include significant healthcare and institutional facilities such as Cook Children's Medical Center and Texas Health Harris Methodist hospitals in Fort Worth. The Drey Hotel stands out as a distinct hospitality conversion within this portfolio.
The site is located in ZIP code 75206, an area with a population of about 38,795 according to U.S. Census ACS 2023 five-year estimates. The median household income in this ZIP code is $88,464, and housing is predominantly renter-occupied. Nearby businesses include Walmart Supercenter, REI, and The Biltmore Apartments. Dallas County’s unemployment rate was 3 percent in August 2026, lower than a year earlier.
Review Complete
Design review complete, construction may proceed
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The Village - Hotel Drey Conversion is a Renovation/Alteration project located at 5625 Village Glen Drive, Dallas, TX 75206 in Dallas, Texas. The project has an estimated value of $18.0M covering 44,251 sq ft. Village Main Street Land, LLC is the property owner and HKS Inc. is the design firm of record. The project was registered with TDLR on April 8, 2025.
Frequently Asked Questions
Is the Drey Hotel open?
TDLR has not yet recorded a final inspection. The filing indicates a target completion date of October 2026, but the public record does not confirm the current operational status of the business.
Who is the developer?
Village Main Street Land, LLC is the owner and developer of record for this project. HKS Inc. is the registered design firm responsible for the architectural plans.
What is the cost per square foot?
The estimated cost is $18,000,000 for 44,251 sq ft, which calculates to $407 per square foot. This figure is above the Dallas County median of $73 per square foot for similar renovations.
When was the project registered?
The project was registered with TDLR in April 2025. Plan review was also completed in that same month, clearing the way for construction to begin in July 2025.
What is The Village - Hotel Drey Conversion?
The Village - Hotel Drey Conversion is a renovation/alteration project at 5625 Village Glen Drive in Dallas, Texas, registered with the Texas Department of Licensing and Regulation (TDLR). Scope of work: Existing 4-story office building to be converted into a hotel. The scope of work includes 80% interior renovation and minimal exterior and site work.
Is The Village - Hotel Drey Conversion open in Dallas?
The Village - Hotel Drey Conversion was scheduled to finish construction in Oct 2026 according to its TDLR registration, but TDLR has not recorded a final accessibility inspection, so its opening status is not confirmed in the public record.
Where is The Village - Hotel Drey Conversion located?
The Village - Hotel Drey Conversion is located at 5625 Village Glen Drive, Dallas, TX, 75206, in Dallas County.
Who is the owner or developer of The Village - Hotel Drey Conversion?
Village Main Street Land, LLC is the property owner/developer of record for The Village - Hotel Drey Conversion, per its TDLR project registration.
Who is the architect or design firm for The Village - Hotel Drey Conversion?
HKS Inc. is the design firm of record for The Village - Hotel Drey Conversion, according to its TDLR filing.
How much does The Village - Hotel Drey Conversion cost and how big is it?
The Village - Hotel Drey Conversion has an estimated construction value of $18.0M and approximately 44,251 square feet (about $407/sqft), based on its TDLR filing.
Scope of Work
Existing 4-story office building to be converted into a hotel. The scope of work includes 80% interior renovation and minimal exterior and site work.
Note: This project is registered under the Texas Accessibility Standards (TAS) program. TDLR registration is required for commercial and public facility construction to ensure compliance with accessibility requirements under Texas Government Code Chapter 469.
Location & views
5625 Village Glen Drive, Dallas, TX, 75206
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