Pink Wall

Preston Place and Diplomat Update; Time for a Developer Cash Splash

By Jon Anderson / May 16, 2017 / 9 Comments

On May 10, Preston Place owners voted to engage a Realtor to sell the property to developers.  What I’m sure was a gut-wrenching decision likely came down to a lack of will by the majority of owners.  Let’s face it, many were older and the stamina required to rebuild was likely not there.  Compounding any […]

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After The Fire: Preston Place Starts Road to Renewal as Demolition Begins

By Jon Anderson / April 28, 2017 / 3 Comments

During the early morning hours of March 4, the Preston Place condominiums were destroyed by fire that had seven firefighting companies and over 170 first responders using hoses carrying water from nearly a half a mile away. The building is now moving forward with its next chapter … demolition.

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Changing PD-15 to Rebuild Preston Place…Maybe

By Jon Anderson / March 14, 2017 / 2 Comments

Shortly after the deadly March 4 Preston Place fire, I wrote about several options for redevelopment within current restrictions. To recap, Preston Place is within the Planned Development District 15 (PD-15) that is subject to its own development limitations, outside city zoning. The PD-15 documents were most recently updated to reflect the added units for […]

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Preston Place Fire Ignites Development Fears

By Jon Anderson / March 6, 2017 / 2 Comments

Over 100 residents were displaced Friday night, and the skeleton of Preston Place still smoldered on Sunday.  And yet, as the flames ignited their neighbors’ belongings, ultimately claiming the life of one, several commenters immediately leapt to the prospect of redevelopment on the lot. “Too soon,” leapt to my mind as I read those comments.  […]

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Athena Double Unit Bows in at $1.1 Million: Are Preston Hollow Prices Coming to Pink Wall?

By Jon Anderson / February 21, 2017 / 9 Comments

The Athena is an odd duck of a high-rise.  Built in 1966 by the same Hal Anderson who developed Preston Tower, the Athena was originally marketed as a luxury property.  The units are large — four center 2/2 units with 1,543 square feet and four corner 3/3 units with 1,899 square feet (there are a […]

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Diplomat Moving Forward … With What? Pink Wall Mystery Continues

By Jon Anderson / December 14, 2016 / 1 Comment

It was just over a month ago that surveyors were spotted measuring the Diplomat condominiums in Pink Wall turf.  Today we see an Alpha Testing drilling rig seemingly gathering core samples to test for new foundations. The Diplomat continues to be mum about what’s going on.

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