08/26/16 9:50am
CD Fair Park 302

Former Dallas City Council member Angela Hunt urges attendees at the #DecisionFairPark panel discussion to contact their representatives in an effort to slow down the process of approving the Fair Park takeover by a private nonprofit. (Photo: Lisa Stewart Photography)

Last night’s #DecisionFairPark panel discussion was a great opportunity to find out why some informed Dallasites are up in arms over the proposal to hand over all 277 acres of Fair Park to a private nonprofit. The panel, moderated by our own publisher Candy Evans and featuring Foundation for Community Empowerment founder Don Williams, State Rep. Eric Johnson, real estate expert Byron Carlock, former Dallas City Council member Angela Hunt, and CandysDirt.com columnist Jon Anderson, was both lively and interesting.

If you weren’t able to attend, we streamed the discussion live on the CandysDirt.com Facebook page. Be sure to give us a follow to stay informed on the biggest issues affecting Dallas real estate. For the full video, jump.

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08/25/16 2:38pm
The Deep Ellum district in downtown Dallas is home to a vibrant arts and entertainment scene. Photo: Steve Rainwater via Creative Commons

The Deep Ellum district in downtown Dallas is home to a vibrant arts and entertainment scene. Photo: Steve Rainwater via Creative Commons

We used to hear it all the time: “Nobody lives in downtown Dallas!

Well, that’s definitely not true anymore. In fact, Realtor.com has noticed the upswing in residential occupancy in downtown Dallas, ranking our urban core as the No. 3 fastest-growing neighborhood in America.

But what areas do Realtor.com count as “downtown Dallas”?

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08/25/16 11:53am

8600 Douglas Exterior

If Preston Hollowers felt a disturbance in The Force in June, it was likely the transfer of the latest Preston Hollow estate near Northwest Highway and Preston Road to Mark Cuban.  The billionaire continues his crusade to own the entire northwest quadrant of that intersection.

The property at 8600 Douglas Avenue is the former home of Dallas personal injury attorney Andrew Sommerman.  It was last listed for sale at $4.25 million by Dave Perry-Miller’s Gianna Cerullo.  The home was sold on June 3 for $4.15 million. Ever accurate, DCAD values the home at just $2.813 million after a 5.5 percent rise in 2016, its first since construction. The buyer’s agent was a non-MLS member, likely an attorney.

The 7,169-square-foot David Stocker-designed home (and quarters … and tennis court) was built in 2013 by Tatum Brown and contains four bedrooms and four full baths plus two half baths.  It sits on a 1.76 acre lot.

Shortly after the deed transfer, the home was relisted by Cerullo as a rental for the princely sum of $22,000 per month.  Truthfully, I was going to automatically write that this was the most expensive rental in Dallas because … it just had to be, right? Nope. Checking the MLS, I see it’s only the second most expensive rental in town, falling $500 per month behind 5138 Deloache’s $22,500 per month … one of three rentals currently in the $20K-plus-per-month club.

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5102 Lakehill IHOTW
What does this gorgeous Inwood Meadows Estate at 5102 Lakehill Court have in common with the George W. Bush Presidential Library, The American Airlines Center, and Booker T. Washington High School?

5102 Lakehill Court

It was originally built in 1984 for Mr. and Mrs. C. Dewitt Brown Jr. Brown was the founder of Dee Brown Inc., one of the largest commercial masonry contractors in the country. Their projects include all of the aforementioned buildings, as well as almost every building you’ve ever heard of. So, when the man that started an award-winning masonry company built his own home, he built it to last — for centuries.

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open houses in dallas

The Lakewood Texas Hill Country-style home at 6859 Avalon Ave. is one of our five featured open houses this week.

Every week, we bring you the lowdown on open houses in Dallas you’ve got to see. The CandysDirt.com Open Houses of the Week column has been going strong for over a year, and we’ve served up real eye candy for you.

This week, you won’t be disappointed. We’ve found five fabulous properties in Dallas. We’ve got a Texas Hill Country home in Lakewood, a picture-perfect cottage in Kessler Park, a luxe Mediterranean condo with rooftop deck near downtown, and more.

 

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08/25/16 7:30am

Ridgewood Park

On the west side of White Rock Lake is a cozy, established neighborhood called Ridgewood Park. Our Thursday Three Hundred is situated in the heart of the area, steps away from Ridgewood Park and the newly completed Katy Trail extension. It’s a short drive from White Rock Lake and all of the amenities of East Dallas.

Located near E. Lovers Lane and Abrams Road, the cottage at 6546 Axton Ln. is charmed and welcoming. It has two bedrooms, two bathrooms, and 1,385 square feet on one story, built in 1954.

It just went on the market a few days ago, beautifully staged and move-in ready. Let’s take a look before a buyer swoops in and makes an offer.

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08/24/16 8:49pm

staffinvitefairpark28129Lutheran

NOTE NEW VENUE: KING OF GLORY LUTHERAN CHURCH, 6411 LBJ FREEWAY, NORTH SIDE ACCESS ROAD, WEST OF HILLCREST, EAST OF PRESTON ROAD

My husband often asks me about news from City Hall, how tax dollars are spent, things like that, because I am supposed to be the one “in the know”. He sticks to the grindstone of his daily (and nightly) professional life. He doesn’t have time to watch or read much more than headlines. So when he grilled me about the Fair Park plan that Mayor Rawlings has endorsed, I realized I didn’t have many answers for him.

Question: How much will this Park plan cost the city?

Answer: $21 million plus another $75 million in bond funds plus another $50m in bonds in 2020/2022

Question: What do we get for that?

Answer: That’s the management fee. They are going to re-vamp the existing buildings.

Question: Does the city make any money off the State Fair?

Answer: Doubtful. The State Fair contract (which lasts until 2024) would be assigned to the Foundation.  Any rental revenues would go to the Foundation.

Question: Can we fire the management of this new entity if they screw up?

Answer: There is a “Remediation Plan” if the Foundation doesn’t meet their TBD performance measurements.  BUT the plan doesn’t say firing, it says they’ll implement a plan to fix.  Hiring and firing resides with the Foundation. They kinda have a lot of power.

Question: Are they going to try to use Fair Park year round?

Answer: They say they’re looking to create a year-round venue. The Fair stays where it is.

Question: Are we getting a park?

Answer: No guarantee. They definitely have to PLAN for a park, but if they don’t feel they have enough money, they don’t have to build it.

Question: Then what are they using the money for?

Answer: “Expanding Fair Park staff and operations and maintenance; funding and creating new departments, including communication and donor relations; and funding new projects.”

The Foundation hereby commits to fully and completely support Fair Park as a public park, maintaining and managing the events, historic grounds and facilities, and grounds of Fair Park as a vibrant, year-round location for events, daily activities, cultural enrichment, and place for quiet enjoyment.

(See why I am so glad we are having a Panel Discussion tomorrow evening?)