11/15/18 7:29pm

Lincoln Property’s Lincoln Katy Trail project failed to gain support from City Plan Commission. However, mimicking the Oak Lawn Committee’s own waffling, Plan Commission’s vote was tighter than it might have been had the OLC been more crisp and decisive in its own votes on this project.

Several Plan Commissioners voiced concerns about the OLC’s role in moving goal posts as Lincoln representative Angela Hunt claimed. One example given of “post moving” was the opposition’s desire for the building to be split in three sections instead of the two they got. Several Plan Commissioners and Commission Chair Gloria Tarpley said this was the first time they’d heard about the three-building desire. However when Lincoln first showed the original building broken in two last month, I checked the tape from the July CPC meeting and Vine condo representative Amanda Popken listed a three-building split as one of the desires. So no post-moving on this issue.

Commissioner Margot Murphy expressed the sentiment that view corridors are not protected. While I’d agree with that for construction of by-right projects, I don’t when view encroachment is the result of doubling the allowable zoning height. Zoning has to stand for something.

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11/15/18 1:15pm
Carter

Christian Custom Homes president Phillip Carter in a still from a promotional video. Carter, several associates, and his wife were indicted recently for fraud.

Investors were lured by brochures, radio interviews, and email invitations for dinners, where they could learn about “9% investment return opportunities” with North Forty Development and Texas First Financial. Instead, hundreds saw their money allegedly spent on anything but real estate development.

Phillip Carter, left; Shelley Carter, right. (Photos courtesy Texas State Securities Board)

The president of Frisco-based Christian Homes, Phillip Michael Carter, and his wife, Shelley Noel Carter, were indicted Tuesday on assorted state fraud charges stemming from alleged misuse of investor funds meant to go to real estate development ventures, the Texas State Securities Board announced Wednesday.

Phillip Carter was also indicted last week in Collin County Court on charges stemming from the sale of fraudulent promissory notes, along with Richard Gregory Tilford of Arlington, who is alleged to have raised $6 million from investors.

Carter’s wife, Shelley, was charged with money laundering and misapplying investor funds.

The indictment against Carter alleges that he raised nearly $17.5 million from nearly 100 investors, primarily elderly Texans, for real estate development projects through Texas Cash Cow Investments Inc. and North Forty Development LLC.

“Carter and Tilford told investors their money would be used to develop commercial and residential properties,” the TSSB said.

But instead of using those funds for revenue-generating investments, Carter used them for things like paying personal expenses and paying off a personal Internal Revenue Service tax lien. (more…)

Modern French Farmhouse

Photography by Costa Christ

I set the bar pretty high when it comes to properties I think are worthy of our readers. I try to think a lot like the French, who we know are supremely selective. A home has to have historical or architectural value, or a great story. Or, it has to be so beautiful that even a French woman would love it, like our Inwood Home of the Week, a gorgeous University Park modern French farmhouse at 2708 Daniel Avenue.
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open houses

1204 S. Waverly Dr.

In the market for your first home, or a dream home? This week’s slate of open houses offers a little something for everyone.

This week, our CandysDirt.com Open Houses of the Week range in price from $279,900 and up — and one is not even listed yet. Which ones will you visit? Want to possibly see your open house in next Thursday’s roundup? Join Getting the Dirt!

WAVERLY TRADITIONAL IS PRICED RIGHT

Open house: Saturday, Nov. 17, 12-2 p.m.

If you’re looking for a first home, this adorable 1948 Traditional at 1204 S. Waverly Dr. may be cozy at 1,484 square feet, but the three-bedroom, two-bath home has had some wonderful updates that make it a great option. (more…)

11/15/18 9:30am

WylieWe don’t get out to Wylie enough, so when Erin Burkart with Keller Williams Central reached out to us during our Pitch Me Please round last week on our Facebook group, Getting the Dirt, we were super pumped when she shared the price — because it was perfect for this week’s Thursday Three Hundred.

And, by the way, did we mention today is another Pitch Me Please day, so if you’re a Realtor, you should be checking it out? And if you’re a seller, you should be firing off an email right now that says, “GO PITCH MY HOUSE TO CANDYSDIRT.COM’S FACEBOOK GROUP.”

But we digress.

This house, located at 2745 Vinson Road, packs in quite a bit of bang for the buck. How much bang? Try an updated 3/2 Traditional Ranch that makes for a great modern farmhouse, plus more than three acres of tree-lined land with a three stall horse barn with electricity and a large storage shed — for $375,000. (more…)

11/15/18 9:15am

Maestri Gallery

Eddie Maestri is one of those guys that innately knows what’s cool. I met Eddie years ago, in my former life as a photography stylist and producer. I was scouting cool houses, and of course, he lived in one. Eddie has become one of the finest architects in Dallas. He has developed Maestri Studio, a full-service, turn-key architecture and interior design studio, into one of the most cutting-edge firms in the city. They not only build you a fantastic home, but with the launch of Maestri Gallery at 401 Exposition Avenue, they can also furnish it right down to the artwork and accessories. (more…)

11/14/18 3:38pm

News comes to us that Lincoln Property’s bid for Oak Lawn Committee (OLC) support for their revised plan has failed. You may recall the Lincoln Katy Trail project was essentially told last month by enough Plan Commissioners return to the OLC before returning to the City Plan Commission (CPC). Sources tell me that the OLC vote was five short. This is a backwards slide for the project, which had previously enjoyed the support of the long-standing neighborhood group by a single vote.

What happens next?

So far, Lincoln is due to return to Plan Commission tomorrow to pitch this revised plan. I’m hearing that this is still the plan even without OLC support. It will be very interesting to see how CPC plays this. As I’ve written, it’s been decades since a plan unsupported by the OLC has succeeded in passing CPC – and that plan (for Victory Park) required mayoral intervention – something I don’t see happening here.

Should CPC pass this plan, it severely hurts OLC and disempowers a neighborhood comprising Oak Lawn, Uptown, West Village, and Knox. I can’t believe the city would do this.  It would encourage developers to do less for the neighborhood, banking on CPC overturning any OLC denial of support.

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11/14/18 1:46pm
Oak Lawn Committee

Conceptual Image

Tuesday night’s Oak Lawn Committee meeting was chockablock with five projects. The first peek will be of the proposed Central Market in the perennial unsuccessful supermarket location on McKinney between the Lemmon split. You may recall it as Albertsons or more recently Minyards. At first glance, this is pretty spanky and cool, but the devil is in the details.

It’s proposed to be a whopping big development. There would be a five-level podium covering 95 percent of the parcel that balances two 360’ towers on opposing corners. The larger of the two towers would be a 21-story office building while the other would be an as yet unspecified mix of office, hotel and/or multi-family.

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