The Mercantile Commerce Building is located at 1712 Commerce Street in Dallas and is part of the Foss Texas 2015 Fund. As part of the historic rehabilitation, the former office tower was converted into a 244 room Residence Inn and a 244 room AC Hotel by Marriot. Both hotels are owned and managed by NewcrestImage. The project includes 6,000 square feet of retail space on the ground floor and the hotel lobby and front desk are on the 22nd floor, overlooking the Dallas Skyline. The rehabilitation began in May 2015 and was completed in October 2017. Total development costs were $58,402,276.