It seems like yesterday that Prescott Realty Group announced its demolition progress of a 70 acre infill tract. In fact, the Prescott Realty Group is ahead of schedule in the construction of the $300 million Lake Highlands Town Center. The infrastructure of the project is scheduled to end in 2008, with plans for the transit-orientated development in 2009. This project gives means to thousands of new dwellings in the Dallas area.
On the beautiful big-sky Texas morning of November 8th, Prescott Realty Group held a special groundbreaking ceremony. What is being demolished this day is an outdated 1,000 unit apartment building. In its place will be a 1700 residential unit building, close to 300,000 square feet of retail space, 100,000 square feet of office space, 100 town homes, 11 zero lot-line dwellings, and a public amphitheater!
As construction commences, Dallas Realtors are excited about the influx of relocators that will flock to the area. With more businesses brought to the Lake Highland area, more residents, including professionals, families, and students, will settle within the area. This is a great time to invest in Dallas town homes and other real estate ventures in the prosperous city. Prescott Group Realty is just one company that is investing millions of dollars into the city. With all of this urban development, Dallas is quickly becoming the premier hub for international finance and foreign investment. Dallas commercial real estate and residential properties are incredibly profitable right now, and it is a great time to invest before the next phase of boom continues.