December, 2017 RSS Icon
Found 9 entries for December, 2017.

Polo Ridge Ranch Homes For SaleMore development news for DFW—surprise, surprise! Well, it seems as if purchasing the former Hicks estate isn’t the only major move local developer Mehrdad Moayedi is making.

Also according to a recent report from the Dallas Morning News, the CEO of Centurion American Development Group has a new 800-acre residential project in suburban Mesquite currently in the works—one of the largest this community has seen in years.

Called Polo Ridge Ranch, the new development, which was just approved by city officials, will be located just south of Interstate 20 near the Trinity River and include over 1,000 single-family homes, as well as plenty of large, open spaces for residents to enjoy too. In fact, about 400 acres of the 800-acre development site will be

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Hicks Estate in DFW SellsQuite possibly the most well-known piece of residential real estate in DFW is officially off the market, according to a new report that came through last night. The former Hicks estate located over on Walnut Hill Lane has been purchased by a local developer, Mehrdad Moayedi, CEO of Centurion American Development Group.

The property was up for auction on Wednesday and Mr. Moayedi reportedly offered the winning bid of $36.2 million, which is quite the bargain considering the property had once been listed on the market for over $100 million.

Along with the historic mansion, which includes 28,000 square feet, 10 bedrooms, and 5 bathrooms, the former Hicks estate also includes about 25 acres as well. According to the Dallas Morning News, about eight other

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New Construction Apartments DFWIn case you haven't noticed, apartment construction in DFW, and now you can add another major project to the list of upcoming developments—this time in suburban Flower Mound.

Called Elan Flower Mound, the stunning new 13-acre project is being developed by Greystar, which of course is most known for its towering high-rise projects in and around the downtown Dallas area, and will be situated right on Grapevine Lake.

The somewhat Mediterranean design is from the renowned architects over at Meeks + Partners, and along with 426 apartment residents, the project will also include 40 townhomes, and a whopping 15,000 square feet of retail space as well.

Plenty of lifestyle amenities are also expected to be a part of the apartment community, including a swimming

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With 2017 being such a strong year for the DFW housing market, many are starting to wonder what 2018 will bring as we inch closer to the new year. Of course many different factors can potentially impact which direction the market take, but according to realtor.com's latest projections, North Texas is in for another red hot 12 months.

Although just a prediction, the report has the DFW area seeing about a 6% increase in home sales compared to 2017, and around a 5.57% jump in median home prices. For added perspective, that’s twice the national growth rate for both sales and prices, according to the same report.

While many major markets across the county struggled with inventory, rising home supply next year should enable home sales to keep growing, not

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Luxury Homes DFWWith more high-paying jobs finding their way to DFW, it’s not terribly surprising to see the luxury home market pick up a bit. But over the last 12 months ending in November, million-dollar home sales throughout North Texas have simply skyrocketed, according to the 2017 Texas Luxury Home Sales Report that was just released by the Texas Association of Realtors.

Preowned home sales overall in DFW have seen a nice 4% bump compared to this time last year, which already set a record of more than 100,000 preowned purchases. But over that same timeframe, million-dollar home sales specifically have spiked a whopping 23%, totalling 1,669 sales from the end of November 2016 to the end of November 2017.

Because the job market and overall economic gains are

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Apartment Permits in DFWIf you need further proof that DFW’s apartment market is still booming, here’s some: according to recently released data from RealPage, North Texas led the entire country in apartment permits in October, which could result in 3,182 more rental units being delivered all over the DFW region.

The report also shows that apartment building in our market has also spiked 14% in 2017, which might be surprising to some given it looked like things might begin to slowdown on the rental side of the market earlier in the year.

Now, with nearly 3,200 more units approved, DFW’s 12-month ending permit pace at the end of October has exceeded 22,000 units, which is second to only New York City’s 31,060 multi-family building permits.

But as noted by the Dallas

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West 7th Fort WorthWhen you think about all the nightlife, entertainment, and cultural attractions Fort Worth has to offer, the West 7th District is probably what comes to mind first. Spanning 5 city blocks and arguably the most pedestrian-friendly neighborhood in all of DFW, West 7th has everything from fine dining and popular entertainment venues to all kinds of different boutiques and specialty retailers that make it a great place to do a little shopping.

Anymore, it’s hard to imagine Fort Worth without the vibrant energy surrounding West 7th, but it’s actually a relatively new cultural district that wasn’t fully developed until fairly recently. Since its opening back in 2010, it’s also continued to grow and expand, and now it features over 900,000 square feet of

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If you’re looking for luxury along with the comfort and convenience of a gated community, look no further than the new Midtown Park community that’s being built by Chesmar Homes. Also conveniently located within the LBJ 635 Loop, Midtown Park sits only about a half mile from he Texas Health Presbyterian Hospital, and also only a few short minutes from the Dart rail station at Walnut Hill.

The homes in Midtown Park are impressive, but also rather unique for a new detached community and something you’d expect from a very high-density area. Floor plans offer at least 2,361 square feet, while layouts are three levels and built up rather than out.

Inside, select units feature an elevator that has stops on all 3 floors, ceramic tile in the public areas,

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2525 McKinnon New Mixed Use Urban DevelopmentNeighbors in Uptown, Dallas TX demanded a new mixed-use urban development to replace the old Xerox office site and as they say "Ask and You shall Receive". Arguably one of the most prominent new construction projects in Dallas' Uptown neighborhood began earlier this summer with the sale of an old Xerox office site. The more than 10-acre Xerox property at the northeast corner of North Central Expressway and Haskell Avenue just north of downtown will soon be home to a residential tower, luxury hotel, shopping, and restaurants plus two office towers, according to preliminary plans prepared by De La Vega Development.

Development of the old Xerox campus is likely to draw a lot of attention from nearby homeowners. The neighbors said they wanted more urban-style

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