If you want to reside in a Dallas location that is undoubtedly cool, then Uptown Dallas is calling you home. Uptown Dallas is a hip place to call home, and the Tower Residences located here make this area of Dallas even sweeter.
A Superior Location
The Tower Residences at the Ritz-Carlton enjoy a fantastic, Uptown Dallas location and homeowners here are afforded fantastic
Uptown Dallas is the hub for city chic. It is the place where you park your car and stroll to the nearest hip destination. It
Uptown Dallas is the place to be, whether your fancy is fine dining, superb shopping or an exciting nightlife.
If you live in Uptown Dallas, you know that this pedestrian-friendly community has nearly everything you could need or want in a short distance. In fact, Uptown Dallas has become one of the finest examples of superb, urban living, as its unique mix of amenities, services and lifestyle has made Uptown Dallas the place to be for everyone from young professionals to lively retirees.
One of the unique features of Uptown Dallas is that many of the residences, from townhomes to trendy lofts, are located alongside retailers and professional offices. From chic condos to trendy restaurants, the fluidity of Uptown Dallas is unsurpassed by any other area in and around Dallas.
Some of the upscale and exciting residences found in Uptown Dallas include:
The Events in Uptown Dallas
One of the ways this eclectic area of Dallas has created a true sense of community is through the many neighborhood events that are held here. Just some of the upcoming summer events in Uptown Dallas include:
June 7
The Uptown Dallas real estate market is quite healthy, considering the tough and rumble real estate market of 2009. In fact, Dallas’ Uptown neighborhoods still post impressive gains in terms of real estate, and it’s no wonder.
The Strength of the Uptown Dallas Real Estate Market
The real estate of Uptown Dallas is quite exceptional. In particular, Uptown Dallas condos are as precious as gold, as professionals and families alike are flocking to them because of the outstanding location and the even more outstanding homes.
If you are interested in luxury Uptown Dallas condos, then you owe it to yourself to look at the neighborhoods of State Thomas, West Village and Knox Park (Oak Lawn is also considered by some to be a part of the Uptown area).
Distinct Neighborhoods and a Pedestrian-Friendly Atmosphere
These three, distinct neighborhoods all possess a nice variety of Uptown Dallas condos that are bound to impress even the most discriminating of buyers. What makes the Uptown section of Dallas quite different from other areas of the city is the fact that is has become one of the few walkable areas in Dallas.
In addition to the pedestrian-friendly atmosphere of Uptown Dallas, this area also features an efficient transportation system, called DART. DART provides both bus and light rail service throughout the Uptown Dallas area.
Exceptional Uptown Dallas Condos
The Uptown Dallas condos are situated among some of the finest restaurants, bars and entertainment venues in the city, all of which can be easily accessed on foot, via a comfortable stroll. This urban oasis, which has undergone extensive transformation over the past 30 years, is now one of the most desirable areas in the city; to live and to play.
Uptown Dallas condos are incredibly sought after, for a number of reasons. Many individuals seek this area of Dallas out because of its pedestrian-friendly, tight-knit community atmosphere, while others enjoy the prime location and its close proximity to nearly all areas of the city. Finally, some individuals choose Uptown Dallas condos simply because they have developed a reputation for exceptional living.
If you desire a relaxing stroll to your favorite caf
Park Seventeen, the brainchild of Granite Properties and Gables Residential, has just found its first tenant: Colliers International. Colliers International has been reported to be leasing about 40,000 square feet of office space in Park Seventeen.
The sleek and decidedly modern tower fits in nicely in Dallas’ Uptown Section. Once completed, Park Seventeen will cost $200 million and will consist of 2.2 acres of mixed-use development.
Park Seventeen consists of two towers: the first tower will include 362,000 square feet of office space developed by Granite and the second tower will house 292 luxury Gables apartments.
Lease Negotiations under Way
In addition to Colliers International, this piece of Uptown Dallas real estate is in the midst of signing a handful of other tenants; there are currently three tenants in active negotiations. If the space is leased, these new tenants will occupy about 100,000 square feet of space.
These new tenants are great news for Park Seventeen, to say the least, as building and leasing space in today’s challenging economy can be quite difficult. Park Seventeen was one of the last projects to get off the ground before construction for office buildings came to a stop last year.
The developers of Park Seventeen have noted that the market for Uptown Dallas real estate has improved dramatically compared to the first three quarters of 2009.
Seventeen McKinney
The Granite office tower, called Seventeen McKinney, offers office space for about $34 per square foot, plus electricity.
Gables at Park Seventeen
The Gables apartment tower, called Gables at Park Seventeen, features 20 stories and six levels of parking. Apartments are expected to be ready for occupancy as early as next month. Prices for the apartments will start at about $1,700 per month and about $5,000 to $6,000 per month for the six penthouse units.
The apartment homes of Gables at Park Seventeen will range in size from 1,100 square feet to 3,000 square feet.
Both towers are connected with a one-acre landscaped deck, which is located in the seventh floor of each building. This landscaped deck also allows the offices and residential towers to connect.
Once completed, Park Seventeen will feature 320,000 square feet of residential space; 14,000 square feet of retail space and 375,000 square feet of office space.
The two-year Uptown project of the Tower Residences at the Ritz-Carlton has finally come to an end.
This project, which marks one of the last, major condominium projects taking place in the Uptown District of Dallas, features a 23-story tower, which is located adjacent to the luxurious Ritz-Carlton Hotel.
The only other condo tower yet to be finished in Dallas’ Uptown district is the Stoneleigh Hotel residential tower, which was put on hold in 2008 and has since gone into bankruptcy.
The project, which was overseen by the design firm of A.M. Stern Architects LLP, was also the mastermind of the Ritz-Carlton Hotel design. The Ritz-Carlton Hotel opened up in 2007. The developer of the project is Crescent Real Estate Equities Limited Partnership.
This luxury high-rise building features 95 residences, two-thirds of which have already been reserved by anxious buyers looking to get in on the luxury that is the Ritz-Carlton.
Luxury Meets Urban Sophistication
The Residences of the Ritz-Carlton certainly have a lot to live up to, considering the sheer opulence of the Ritz-Carlton Hotel, but the developers, along with many residents, certainly aren’t too concerned.
Located in the heart of Uptown Dallas, the residents of this extraordinary address will enjoy incredible comfort, convenience and only the finest of services. From its beautifully appointed interiors to its unsurpassed amenities and services, the Residences at the Ritz-Carlton live up the reputation of the Ritz-Carlton Hotel – and then some.
Just some of the amenities afforded to the residents of the Residences at the Ritz-Carlton include:
All about Uptown Festival: A Celebration of Art & Living, which is presented by Uptown Dallas, Inc., is a free, three-day festival that celebrates all that Uptown Dallas has to offer.
Located at 2425 McKinney Avenue, in the heart of the historic Uptown district, the All about Uptown Festival begins on Saturday, September 26, from 11:00AM to 10:00PM.
The ideal behind the second annual All about Uptown Festival is quite simple: it is the opportunity for both residents and visitors alike to experience the amazing community atmosphere of Uptown and to surround explore the outstanding establishments found here.
It is an all-encompassing event that allows Dallas residents and visitors to appreciate the allure of this outstanding, Dallas community. From mouth-watering foods from some of the most renowned Uptown chefs, to some of Dallas’ best performing arts groups and cultural organizations – as well as some truly fun entertainment and music, – the All about Uptown Festival is a celebration of all that is uptown.
Just some of the fun to be had at the All about Uptown Festival includes:
Children will also find plenty to do at the All about Uptown Festival, as there are arts and crafts, clowns and activities for children of all ages. And for the shoppers, the All about Uptown Festival will feature a great variety of artisan booths.
From Uptown’s fantastic, historic homes and beautiful neighborhoods, to live bands and cultural performances, there is something for everyone to experience at the All about Uptown Festival.
If the spectacular condominiums and townhouses of Uptown Dallas are a good indication of the area’s upscale atmosphere, then it quickly becomes crystal clear that Uptown Dallas is a force with which to be reckoned.
Highly acclaimed restaurants, fabulous boutiques and a superb location bordered by the Central Expressway, the Turtle Creek Boulevard and the Woodall Rodgers Freeway, are the hallmarks of Dallas’ Uptown neighborhood, as are the trendy bars and nightclubs, upscale art galleries and quaint antique stores.
From the hip, urban feel of West Village with the Magnolia Theater as its centerpiece to the McKinney Avenue Trolley, there are plenty of landmarks and neighborhoods that make Dallas’ Uptown community a truly special destination.
Where are we Headed?
Why is it that developers are having a hard time getting their projects off the ground in this fabulous Dallas neighborhood? The answer may lie in the poor, national economy and credit crunch that has left its mark on nearly every part of Texas.
Between the struggling national economy and the fact that many lenders still have a firm grip on their wallets that it’s no wonder that developers are finding themselves with little funding and poor consumer demand. In fact, Dallas-area construction is currently at its lowest point in four years.
The Demise of the Stoneleigh
A sober example of this is the Heritage at the Stoneleigh, the condominium high-rise tower that has been all but abandoned because the developer has been unable to secure permanent financing. Construction has been halted indefinitely and the developer of the project, who once projected the Heritage at the Stoneleigh to be a “marquee, luxury residential development” in Uptown Dallas, has been all but forced into bankruptcy by five of its creditors.
As it stands, the developer now owes $4.7 million on this unresolved project. And, although about half of the construction had already been completed, the developer simply wasn’t able to secure the financing needed to complete the project. Combine that with slow sales of the units, and it’s clear to see why this once up-and-coming project was tanked.
A normally-healthy real estate market would have resolved this issue, so it is with continued optimism by builders and developers that the real estate crunch will soon begin to experience signs of re-growth.
Granite Properties and Gables Residential have teamed up for a $200 million commercial and residential project in Dallas’ Uptown district. Situated on over just two acres, this project will consist of two towers: Granite Properties’ Class AA Office Tower and a high-rise apartment building by Gables Residential. The exterior of the buildings will feature concrete and stone with aluminum finishes.
Perhaps the most exciting aspect of these dual towers is the convergence of the two towers on the seventh floor via a one-acre, beautifully landscaped haven. Called the amenity deck, this urban oasis boasts a 4,000 square foot fitness center, an outdoor, infinity-edge swimming pool and a gorgeous, park-like setting which overlooks Victory Park and downtown.
Facts about the Granite Properties Office Tower:
Fact about the Gables Residential Tower:
The two-tower project is expected to be completed by March 2010. The architect on the project is Good Fulton & Farrell and the general contractor is Austin Commercial.
Granite Properties is a privately held commercial real estate company with offices in Dallas, Houston, Atlanta and Denver. Gables Residential is a private real estate investment trust, which owns, develops and manages multifamily residential projects in Florida, Georgia, Tennessee, Texas, Southern California and Washington, D.C.
Located in the heart of Uptown’s dynamic business district, Saint Ann Court, when completed in the fall of 2009, will be the tallest, commercial office building in the area. It will feature 26 stories of first-class office space, including four, exclusive, penthouse office floors (located on floors 23 through 26), ten, typical office floors, 11 parking levels and a lobby level. Total square feet of office space is expected to encompass approximately 315,000 square feet. The building will be LEED certified and the penthouse offices may feature ceilings of up to 20 feet tall.
Saint Ann Court will offer VIP and valet parking, ample visitor parking and a motor court. The VIP parking allows certain tenants to bypass the lobby and take elevators straight to their floor, to the roof garden and bar and to the fitness center.
Saint Ann Court will also have 24-hour security, private catering, conference and party rooms, on-site management, concierge services and take-out taxi and reservations.
Just a few of the businesses that have already signed on as tenants of Saint Ann Court include Amegy Bank, Erasmus Advisors, McGuire, Craddock & Strother, Aldus Equity and Harwood International.
First-class dining is available in Saint Ann Court, which includes On-A-Good-Day garden lounge and bar, Saint Ann Caf
© Copyright 2010, Real Estate Webmasters & REWIDX. All Rights Reserved.
© 2007. VIP Realty. All Rights Reserved | Sitemap Listings Site Map