New Apartment High Rise Could Be On The Way at Turtle Creek

Posted by Kenneth G. Cox on Sunday, December 14th, 2014 at 10:51am

New Turtle Creek Apartment High Rise

Although we first heard of a possible development at Turtle Creek well over a year ago, it appears another new residential tower could also be on the way for the plot of land on the west side of Fairmont Street at Turtle Creek Blvd—a project that, according to reports last week, will be developed by the same home builder.

Great Gulf Homes, an award winning developer out of Toronto, Canada, already has a 22 story, 60 unit condominium high rise at 2505 Turtle Creek Boulevard underway, but now the building site directly across the street has also been purchased by the prominent home builder in anticipation of developing an apartment building to compliment its condo tower just a few short steps away.

Great Gulf Homes is one of North America’s largest builders of residential towers, but tends to focus only on cities with a strong fundamental economy. Earlier this month, market statistics revealed Dallas home prices are on the rise and among the fastest growing in the entire country, while inventory is also shrinking at a fairly rapid rate compared to other U.S. markets.

Great Gulf Homes has reportedly filed plans with the city of Dallas for its new apartment tower at Turtle Creek, but with such a high demand for homes all throughout North Texas, there should be little resistance during the approval process.

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