An ongoing Examiner investigation has unveiled that an additional $3.8 million debt looms over the head of a Dallas-based, Turkish real estate developer – whose rhetoric with the paper was filled with “dreaming” notions of how he’d like to transform the former AT&T building in downtown Beaumont, but was short on specific details to questions posed.
Delving into the finances and real estate dealings of Selim Kiralp when his name appeared on Beaumonters’ radars as a potential developer for the 555 Main St. building, The Examiner found a series of delinquent tax bills directly attributable to the man. His self-proclaimed “dreams” of conjuring a commercially successful development out of an abandoned building convinced Beaumont City Council members to put on hold demolishing the building and advertise a request for proposal allowing interested parties to submit development plans.
Assistant City Manager Chris Boone told The Examiner the city cannot disclose whether Kiralp has submitted a proposal to purchase the building since the RFP period is open until Feb. 2.
Envisioning the future, veiling the past
In July, Kiralp sat down with The Examiner and revealed plans to spend up to $12 million to turn the 555 Main St. property into a site replete with residential lofts, restaurants and retail space. The developer was open to answering questions about his vision for the building, but offered no information when asked about previous real estate work he’s completed. He then...
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