“The bedroom communities of Dallas have matured.”
This is pretty unprecedented: the Windrose Tower at Legacy West, the first new luxury high rise condominium to be built north of LBJ in years, reached the one-quarter sold phase after the sales center opened four weeks ago on June 10.
I mean, dang.
“The neighborhood is totally selling it,” says Al Coker, Al Coker & Associates, the real estate sales firm marketing the Legacy highrise. He is referring to the $3.2 billion dollar, 255 acre Legacy West development at the northern tip of Plano, which is, as we all gleefully know, home to the new North American headquarters of Toyota and FedEx Office as well as the regional headquarters for JP Morgan Chase and Liberty Mutual. More than 15,000 employees zipping around this once prairie make it one of the largest new job centers in the state.
“This is the most walkable neighborhood in Dallas (North Texas),” says Al. “The draw is really the neighborhood, where everything you need and want is right there. And with all the jobs pouring into Plano/Frisco, it’s convenient to work as well.”
Who is buying? Al says mostly downsizing empty nesters from Plano, North Dallas and Frisco tiring of home maintenance, but he is also seeing a LOT of 40 year olds. Two couples, one from Hong Kong, another from Taiwan, have bought units as second homes.
“These people have raised their kids, or their kids are in college, and their jobs are a mile away,” says Al. “The bedroom communities of Dallas have matured.”