TYLER, TX (KLTV) - Smith County Commissioners approved the sale of the former Carlton Hotel during Tuesday's meeting.
Communications Spokesperson Casey Murphy said the Dallas based developer, Tai Ly is buying the building for $537,500.
In January, Smith County approved hiring a real estate broker, Burns Commercial Properties LLC, to market the sale of the old Carlton Hotel building in downtown Tyler.
According to city officials, the closing date for the sale is set for January 15, 2018.
According to the contract, the buyer agrees to make improvements to the property within 36 months after closing, in accordance with some requirements set out by the county.
The total costs of the improvements must be at least $1 million, including demolition costs and fees of architects and engineers. Within 90 days after closing, the buyer should apply for any permits. Construction will start within nine months of closing; and within 18 months of closing, the buyer should have paid at least $650,000 of the improvement costs.
Smith County representatives or agents can also inspect the property upon request, from time to time, to verify compliance, according to the contract.
The 16-story, 200-room Carlton Hotel was built in the 1950s and was in operation for more than a decade.
Opening in 1954, the building's attractions were air conditioning units and five-channel TV sets in each room. The hotel also had a roof-top pool and cabanas, a banquet hall, ballroom, a coffee shop and an automatic elevator.
The Carlton has 15 stories, a basement, but not a 13th floor. The hotel was shuttered in 1971 and remained vacant before it was purchased by Smith County in 1977.
After the purchase, the building served as housing for the Smith County Sheriff's Office, District Attorney's Office, Adult Probation, Fire Marshal, Justice of the Peace and Constable Offices.
The last of the Smith County offices moved out of the Carlton around 2013.