20-Story McKinney & Olive High-Rise Underway in Uptown Dallas
Posted by Kenneth G. Cox on
Uptown has established itself as the premier location to call home in downtown Dallas, as upscale restaurants, swanky boutique shops, and an animated nightlife scene fills out the neighborhood’s landscape. But among all the culture and commerce that defines Uptown’s trendy reputation is also some of the hottest real estate you’ll find in all of downtown, which continues to attract home buyers and renters of all demographics.
In recent weeks, new construction residential projects have certainly dominated the headlines, but earlier this month, construction crews finally broke ground on the project that really aims to really shape Uptown’s future and solidify its long-term growth potential.
Located at 2021 McKinney Avenue is the impending home of the…
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If you haven’t already seen the renderings for One Dallas—a stunning new 20 story residential tower planned for the former site of the Hardrock Café at McKinney and Routh—it’s certainly worth taking a look. Although still in the early conceptual stages, One Dallas will add 200 more luxury apartments to the local real estate market, while also including plenty of additional retail space that will be situated on the ground floor.
So what makes the Grand Treviso condos in Las Colinas so special? Well for starters, the recently built Grand Treviso development is the only high-rise residential building in the area, making each unit for sale a unique and desirable opportunity for home buyers looking for an easy maintenance-free lifestyle that offers exceptional in-building and nearby community amenities. The surrounding Las Colinas neighborhood is actually comprised of 190 acres of open park space, 17 miles of canal waterways, and 10 miles of riverside biking and jogging paths, so for those looking for both comfortable living quarters and also a building that provides plenty of ways to stay fit and active all year round, the Grand Treviso might just be the perfect fit.
It’s been a cold week in Dallas and usually, many of us living here in Texas are thinking of various ways to cool down rather than thaw out. Although the bitter cold weather and freezing temperatures are expected to climb back into the 60s toward the end of next week, the warmer weather and sunny skies really can’t come soon enough. But if you’re like us and can’t wait to escape these treacherous icy conditions, it’s can’t hurt to take a quick minute to yourself and dream about spending a hot summer day by the pool, relaxing and enjoying whe quentissential warm Texas climate.
Americans who are between the ages of 18 and 34 — known as Generation Y Millennials — could be a “game changer” in the U.S. real estate market, according to Urban Land Institute. As such, ULI researchers are taking careful note of this generation’s preferences when it comes to homes. The Urban Land Institute ULI reports Generation Y, with nearly 80 million members, as a potential “game changer” in the U.S. real estate market.
Median single-family home sales prices sold through the MLS in North Texas hit a record high of $176,000 last month. Home sale prices in North Texas are now about 10 percent higher than they were at the peak of the market before the recession.
The 2014 Department of Housing and Urban Development budget proposed by President Obama includes a number of housing programs that will focus on providing assistance to low income families, distressed communities, and the homeless. The proposed budget is also expected to assist borrowers at risk of foreclosure. The Federal Housing Administration is expected to insure $178 billion in mortgage loans in 2014 supporting new home purchases and refinanced mortgages.Â