July 2013 RSS Feed

Developer JLB Partners and Sammons Enterprises have started construction on a 18-story, 299-unit apartment tower at Cedar Springs Road and Carlisle Street.

The 2.3-acre site was originally planned for a St. Regis Hotel tower until it went through foreclosure during the recession.

Apartments in the building will range in size from 622 to 3,717 square feet. Individual units will feature 10-foot ceilings, granite counter tops, stainless steel appliances, wood floors and large balconies.

Plans for the project include three levels of parking below the building along with a private penthouse lounge, a roof deck pool with views of downtown Dallas, a courtyard with direct access to the Katy Trail, and wellness center with a yoga lawn. Also included is a…

It seems like everyday Austin Luxury Realty is reporting about another highrise building going up in Austin. Even as Austin has just been named “The Most Expensive City To Raise A Family.”

But Austin isn’t the only one experiencing a boom in condo developments.

Dallas has experienced one of the biggest turnaround in the local housing market in decades. Compared to March 2012, there has been a 55% increase in condo and townhouse sales in North Texas.

Real estate agents say a combination of low mortgage rates and rising apartment rents are increasing the demand for condos and townhouses in the DFW area.

One real estate agent noted that properties were being purchased by empty nesters and professionals with “about half of them being paid for in…