Mercantile Place is a rental apartment community in downtown Dallas that consists of four separate and diverse buildings with a total of 704 apartments. Two of the apartment buildings were converted from office buildings (one of which was historic), the third involved the renovation of a historic building previously converted from office space, and the fourth is a new 15-story apartment building. Though the buildings are located on three separate blocks, they share amenities and parking, and the four buildings have been positioned and marketed together as one residential community. The project also includes four restaurants at street level. Mercantile Place involved the use of tax increment financing (TIF) and is part of a public/ private effort to renovate older structures and bring more housing to downtown Dallas.