After The Recession pause, we all know real estate has boomed. In older neighborhoods south of Northwest Highway, the boom has brought gentrification to once-affordable neighborhoods. This isn’t surprising, as these areas are up-luxed and densified. A few years ago, noting your address was “near Harry Hines” was not considered polite conversation. That’s swiftly changing.
In the run-up to The Recession, many a developer assembled larger tracts of properties in Oak Lawn, west of the Dallas North Tollway, by stringing together single-family lots or by purchasing apartment buildings. The plans were for the same townhouse developments seen on other parts of Oak Lawn. Depending on timing, the lots may have or may not have been cleared.
Before disaster struck, Perry Homes had built a series of brick façade townhomes on Knight and Sylvester, between the tollway and Harry Hines. They took quite a while to sell. Others tried with cheaper clapboard models a block over on Throckmorton. They too took a while to sell.
Today the area — north of Oak Lawn Avenue and between Harry Hines and the Tollway — has returned to new development.