September 2013 RSS Feed

Camden Property, developers of a number of local and national properties, is planning to build a 423 rental unit property on the parking lot just north of the American Airlines Center Arena. 

The 6-acre site in Victory Park has been in development since early 2012. This will be the third rental community in the works at Victory Park. Mill Creek Residential is building a 378-unit complex southwest along Victory Avenue. Novare Group recently broke ground on a 24-story, 336-unit apartment tower between Houston Street and Woodall Rodgers Freeway. And on Goat Hill, Trammell Crow Residential have started construction on a 10-story, 365-unit apartment project called The Alexan. 

These projects add up to more than 1,500 residential units within the Victory…

Thank you, Movoto! 

Dallas Luxury Realty was listed as one of the Top Real Estate Blogs in Dallas by Movoto Blog. This is a true honor and we can do even better next year! 

Congrats to everyone else who made the list. It's great to be in such good company! 

What’s hotter than the summer heat in Dallas/Fort Worth? Condo and townhome sales!

Condo purchases are 40% above 2012 levels. And there was a 17 percent increase in July, higher than in the same move last year. The increasing appeal of neighborhoods near Downtown Dallas and in Uptown have helped the gain in sales, which tends to be behind traditional single-family home sales. Condos and townhouse sales are up 50% this year in central Dallas and Oak Lawn.

Throughout the DFW area, there are only about 1,600 condos and townhouses offered for sale by real estate agents. That works out to just over a three-month supply and real estate agents say prime properties go fast.

New condo buyers have stated that the urban lifestyle is appealing. However with…

Uptown is getting a new set of residents. Dallas-based StreetLights Residential Inc. has 308 luxury homes for lease in a new 17-story high-rise residential tower called The Taylor. 

Amenities include custom cabinets, stainless steel appliances, built-in amenities and surround sound. 

The Taylor, located at 3100 Carlisle Street, is just of many projects currently underway in Uptown. Dallas' own Alamo Manhattan's The Monaco on the Trail, a six-story, 192-unit community, just opened this week and Moda, another six-story, 263-unit apartment property, is set to open later this fall. 

  

Dallas/Fort Worth led the nation with 22,837 units under construction at the end of the first quarter of 2013.

The Taylor's first 18 units are completed, with the…

 

For 15 years, Mattito's Tex-Mex in Uptown will be moving its flagship restaurant. Taking its place at 3011 Routh Street will be the Routh Street Flats, a 5-story, 208-unit luxury apartment building being developed by Dallas-based Alamo Manhattan.

Routh Street Flats will feature a 2,600-square foot rooftop terrace with glass railings overlooking the downtown skyline, Uptown and Turtle Creek. Unit features include luxury finishes such as upgraded flooring, granite countertops, designer backsplashes, stainless steel appliances, hardwood cabinetry, and designer lighting.saltwater pool, fitness center, resident clubroom, and wireless internet for all community areas.

Mattito's will be moving Thanksgiving week to the Centrum building at the corner of…

Harris released its list of the "happiest" cities among the Top 10 markets in the United States, with Dallas-Fort Worth taking the top spot. The Poll found that 33 percent of people nationwide are "very happy." 38% of DFW residents responded that they were "very happy," placing us ahead of our Texas neighbor down Interstate 45, Houston, which was second at 36 percent.

Harris said that in Dallas-Fort Worth, residents are more likely to say their spiritual beliefs are a positive influence on their lives (78 percent), and that most of us rarely worry about our health (59 percent).

Philadelphia came in at number 3 with 34% with Atlanta, Los Angeles, NYC, Washington D.C., Chicago, and Boston close behind. San Francisco rounded out the list at just…

In the next 15 months, 8.3 million home owners — about 18 percent of home owners who have a mortgage — are expected to gain enough equity to be in a better position to sell their homes, according to RealtyTrac’s September report on home equity.  Continued below.  
According to RealtyTrac, the home owners have a range of 10 percent negative equity to 10 percent positive equity. Home owners with low equity may face challenges in selling a home due to the cost of the sale and having a down payment on a new home. As equity rises, more home owners are in the position to sell their home without having to resort such actions as a short sale. 
The report also notes that one in four home owners in foreclosure also were found to have positive equity.…