Ritz Residences 1704 Ritz Residences 1704 masterThis is #1704 of the Residences at the Ritz-Carlton, a brand new floorplan debuted to respond to the consumer’s appetite for larger condominium living in Dallas. That’s right: buyers downsizing from 6000 square feet say 1500 just isn’t enough. The 2,841 square foot home has two bedrooms, a study, and three full baths and could well be a prototype of residences to come. Connie Howe of Incognito Interiors staged the home, bringing in color and all that jazz! Connie is a homeowner at The Residences at The Ritz-Carlton, Tower One. She is also a dear friend who I have known since our daughters were in pre-school!  #1704 is priced $2.7 million, listed by the dynamo Kyle Crews & crew, Allie Beth URBAN.

 

bingo ritz ani daylon debbie

Ani Nosnik, Daylon Pereira, Sales Associates at The Residences

#1704 was also the scene of a wonderful party recently to promote the upcoming 12th annual Bingo Luncheon to benefit the Dallas Children’s Advocacy Center. The Bingo event is this Saturday at The Belo Mansion, and I think every high-powered Realtor in town is attending. Allie Beth dynamo herself Debbie Ingram is president of the DCAD League with Bingo Luncheon Chairman, Ashlee Brill Weidner, who has knocked herself out with an AMAZING silent auction, ten games of Bingo with prizes ranging from Gift Cards to Nordstrom’s, Tootsies, and Luxury Dallas Spas to $500 Central Market Gift cards, a $600 Exxon Mobil gift card to about 50 pieces of Kendra Scott jewelry. It all begins with a champagne reception and delicious lunch to boot. This event is produced by the DCAC League and is the 12th annual year! The luncheon is Saturday, and I’m pretty sure it’s sold out, but of course, just like working with an impossible seller, Debbie Ingram can work negotiation miracles to snag an extra ticket or two. Bingo ritz party ash debPhoto: The Bingo Luncheon Chairman, Ashlee Brill Weidner and DCAC League member Diana Ingram Miller are all smiles

Debbie Ingram and Ashlee Brill Weidner, top

DCAC League member Diana Ingram Miller, lower

The Bingo Luncheon benefits the Dallas Children’s Advocacy Center (DCAC), whose mission is to improve the lives of abused children in Dallas County and provide national leadership on child abuse issues. This is something you perhaps cannot imagine cloistered in a beautiful environment like the Residences at the Ritz-Carlton, but child abuse does take place in our fair city. DCAC coordinates the investigation and prosecution of the most severe cases of child abuse in our community.

Last year, DCAC served more than 2,400 children (and their non offending family members) who were sexually abused, severely physically abused, or who had witnessed a violent crime. DCAC provides a warm, child-friendly environment to help children who are referred by law enforcement or CPS.

Lisa GarzaWake-Us-Up-Fact: the average DCAP client is a 9-10 year-old girl, sexually abused by someone she knows and trusts. In fact, just a few weeks ago at the Celebrity Waiter Luncheon benefitting Family Gateway, celebrity chef, TV personality and restaurateur Liza Garza bravely revealed that she, too, was sexually abused at age 14.

(I was a bad girl at the luncheon, all in the name of charity, here’s what I did — it starts with a T and rhymes with “work”.)

But then, that is what I love about Dallas. That people like Lisa Garza are out there sharing their pain so that others can be spared. That people like Debbie Ingram, Diana Miller and Ashlee Weidner are working fingers to the bone to create a fun event while never losing sight of the whole point: raising money to raise awareness about a not-so-pretty topic, child abuse. Right here, maybe rvrn closer than we think. The subject is helping those who need a hand… or a life raft.

 

 

This is Kyle Crews with Paige Hinton, Director of Residential Marketing for The Ritz-Carlton Hotel Company at last week’s conference in Los Angeles:  “Luxury Real Estate – The Global Market Outlook and a Journey into the Hearts and Minds of the Super-Affluent and Wealthy.” Oh my, how I wish I could have been a shapely fly on the wall in itty bitty Louboutins. I have a feeling the super wealthy are going to clean up super big once they figure their way out of all the new taxes.

The event brings together major developers- such as Crescent Real Estate – and sales associates of residential properties managed by The Ritz-Carlton Company,  such as our very own The Tower Residences at The Ritz-Carlton, Dallas.

Get this little factoid: out of 95 homes only 25 remain at The Tower Residences! (I think they have sold like 8 since spring.)  The Ritz Carlton Residences at LA Live reps were there, too, a stunning development of 224 luxury residences on floors 27-52, over the The Ritz-Carlton Hotel in downtown LA, with typical unit pricing at $1100 psf. Hey, it’s California!

Topics included updates on Ritz-Carlton Hotel expansions, as well as sales updates on residential properties from around the world and several in the U.S. such as Los Angeles, Vail, Philadelphia, Atlanta, Miami, and Chicago. All properties reported strong sales in 2012, even Chicago. I heard, though have not confirmed, that Dallas (that would be Kyle’s team) outperformed them all. Stay tuned!

Paige is, BTW, the keeper of the prestigious Ritz brand, a story I will share with you soon. Paige arranged for the keynote speaker, Dr. Jim Taylor, head of The Harrison Group.

JIM TAYLOR is Vice Chairman of the Harrison Group, a major marketing firm that has done milestone research studies on wealth in America, spending and social habits of the rich. He tracks high net worth consumers like Jane Goodall tracked gorillas. He wrote The New Elite Blog and is also co-author of The 500 Year Delta: What Happens After What Comes Next and The Visionary’s Handbook.

Jim, I see you have not posted on the blog since 2009. Call me.

When American Express, Mercedes-Benz, General Motors, Audi, Acura, Bombardier, Coca-Cola, Microsoft, Glaxo, the Walt Disney Company, Kapalua Resort, Louis Vuitton, Citibank, Times, Architecture and Southern Living want to know how to attract wealthy consumers — I mean, let’s face it, poor people cannot buy anything, right? — this is who they turn to.

His presentation: “The State of the Global Market; the Comeback of Luxury Real Estate.” No kidding, as if we did not suspect. Jim predicts “robust” real estate market for branded properties such as Ritz-Carlton, in 3rd quarter 2013, based on findings from his latest Harrison Group/Amex Publishing wealth survey. Jim is of the opinion that luxury branded real estate, especially the Ritz-Carlton brand, will be perceived of as the best investment opportunity among the super-affluent and wealthy consumers. We know there are oodles of dollars being made in Texas and the “Third Coast” and dollars to be invested. If I worked in Houston, for example, I might just get a place at the Ritz and commute. And here’s an interesting fact: Gen X / Y rate the Ritz-Carlton brand with as much confidence and value as does the fussy Baby Boomers. Evidence of that is the large number of young 30 somethings who have bought at both towers. The best is yet to come for the R-C Brand almost 90 years since Caesar Ritz founded the first Hotel.

Now perhaps, it’s time to work on the pacifier crowd: I foresee a supply of Ritz bibs, booties and bathing mats. And something The Harrison Group would approve: travel nannies.

Kyle tells me there was even talk at the conference of condo demand actually exceeding supply in two years, especially in the luxury brand developments, thanks to the slowdown of condo construction during the recession, which, dear Lord, may still be with us.

 

 

The beautiful Missy Woehr, who is truly as beautiful on the inside as she is the outside, and a hot-shot agent to boot, has moved her Allie Beth Allman chair cushion over to join Kyle Crews and the rest of the Allie Beth Urban gang at the Residences at The Ritz-Carlton. Next week I hope to show you an amazing unit there, a two-bedroom turned into a two bedroom with studio, all sleek contemporary by designer Abbe Fenimore, that you will need smelling salts for. Truly. And isn’t Abbe adorable?

Whom, you may ask, did Missy replace. Well, you can never replace Josh Ellis, but after seven years on the Uptown development working with The Ritz, Crescent, Traditions Management and Allie Beth Allman, Josh is now Sales & Marketing Director for Long Cove Development, Inc.,  a new Don McNamara (CityPlace) development at Cedar Creek Lake.

Yep, another gorgeous high-end development over at Cedar Creek, Long Cove Development has already churned dirt on phase one of Long Cove, a new luxury residential second home community on the best part of Cedar Creek Lake, which is only about 75 minutes southeast of Dallas. Not to fear: the SecondShelters crew will be kicking tires soon. Proximity, hence the appeal for a vacation home, as I may have mentioned.

Long-Cove is situated on the south side of the lake, on more than 900 acres. Final build-out will include 300 homes, while the initial phase includes 33 lakefront properties. Residents can choose among pre-designed homes, or customize their own. Lots range up to 2.5 acres per lot.

The site will have an amphitheater, hiking and biking trails, tennis courts, basketball courts, and a pool, among other amenities, catering towards affluent Dallas families with school-age kids. A complete second home community.

Like most second home hot spots, Don McNamara, owner and developer for Long Cove, has owned a family home on Cedar Creek Lake for nearly 20 years and just loves the area.

Abbe Fenimore

Photo courtesy of the Kimpton Seafire Resort + Spa Residences

Good news for Cayman Islands vacation homeowners this year: Tourism numbers are up and, with that, real estate sales. A recent independent report singled out the sales launch of luxury condominiums affiliated with the Kimpton Seafire Resort + Spa on Grand Cayman as representing a significant amount of the luxury condominiums sold.

We’ve been following the Residences at Seafire located on Grand Cayman since the project was announced. Lodged in a ten-story LEED ® Silver-certified building designed to Miami-Dade hurricane standards, the Residences at Seafire offer residents unlimited access to all the amenities and services of the AAA Five Diamond-rated resort property: communal amenities with interiors by acclaimed designer Martyn Lawrence Bullard, three signature restaurants, an 8,500-square-foot spa, a state-of-the-art fitness center, and a spectacular setting on famed Seven Mile Beach on Grand Cayman Island’s western shore. (more…)

Ritz-Carlton

The views are spectacular from the balcony of unit 1504 in tower II of the Ritz-Carlton.

I’ve found a real gem in Uptown, a 15th-story condo at The Tower Residences at Ritz-Carlton. It offers incredible views, a gorgeous contemporary interior, and access to the world-class, five-star hotel amenities and concierge services offered at the Ritz-Carlton.

Unit 1504 at 2555 N. Pearl St. is one of only two properties on the market for under a million dollars in either Ritz-Carlton tower, and the only one bedroom at this price point. That’s notable because the penthouse in this second tower just sold for one of the highest prices ever paid for a high-rise residential unit in Dallas. Additionally, the unit overlooks the landmark Crescent property and the upcoming Crescent Park, a $65- million renovation that will feature an expanded shopping and dining arcade across the street. This is the place to live!

I love how walkable this area is: a block to Klyde Warren Park and the Dallas Arts District; great restaurants
and entertainment on every corner; the American Airlines Center down the street. Because this condo is on the
15th floor, street noise isn’t an issue. Plus, the balcony is not west-facing, so it stays cooler in the unit than
those that face the blazing Texas sun in the afternoon.

This property is listed by Jennifer Cloud Esq with Private Label Realty, who worked closely with the owner to update the space. For example, the once-purple walls are now a nice, neutral tone and contemporary lighting
that takes it up a notch was added in the dining and master areas. It stays the perfect temperature with a Nest thermostat.

They hired Staged by Stapp to ready the unit for sale, and almost everything you see is available for purchase with the condo, which has one bedroom, one full bathroom, one half bath, and 1,375 square feet, with access to the awesome balcony from both the living room and master. I’d love to give you a tour.

(more…)

Stoneleigh 3C

You may recall when we wrote about the very first model unit at The Stoneleigh Residences, unit 3C, elegant and sophisticated, just like the Hollywood Glam 22 story residence building itself. The Stoneleigh Residences are filling up very quickly over off Maple Avenue at Wolf Street,  I toured #3C, built out by TriArc Construction, the condo building division of Crescent Estate Custom Homes.

Sold. Gone. New owners as of May 17. This home is 2691 square feet and went for almost $600 per square foot.

Stoneleigh 3C kitche 2 (more…)

Stoneleigh 1

The Main Lobby (Photo: Dan Piassick)

If you have not had the chance to tour the new 22-story Stoneleigh Residences, which are filling up very quickly over off Maple Avenue at Wolf Street, I strongly suggest you stop in and give your eyes a holiday treat. I not only toured one of the units the incredible (and CandysDirt-approved!) Sharif & Munir folks are finishing out over there  — a sleek contemporary — but I attended a party at a friend’s house who now lives there and could not be happier.

First, who all is buying there? As we have told you, Don and Linda Jo Carter shed their Park Cities home in July of 2013 and snapped up a penthouse at The Stoneleigh. Also, of course, a place at The Ritz. So did Mavericks head coach Rick Carlisle, plastic surgeon Natan Yaker, and a sprinkling of physicians and professionals. Of 75 units on the Dallas County Appraisal District records, only 42 are left to sell and five are pending. The sales office tells me six homeowners bought additional spaces to enlarge their original shell. Some are combining units so there may ultimately be fewer to sell. This is not the building for junior sized homes. According to Donna Smith, sales director,  4000 seems to be the magic number for square feet.  (more…)

dream1

I would rarely say this about a property: please don’t buy it. Begging you! I mean, I fall in love with real estate all the time. I drool over doors, landscaping, corinth columns (remind me of my very first boyfriend’s house) marble hearths, coffee colored hardwoods, wide-planked oak and bamboo, farmhouse sinks in kitchens, heated master bath floors, onyx and white Carerra and jacuzzi spas and tubs ALL THE TIME. I have been in every expensive house in Dallas, from the Hicks residence to Mt. Vernon, Lisa Blue’s masterpiece on DeLoache. Hunter Mahan’s to Lee Trevino’s to Plano to Frisco to Southlake, to Vaquero and I absolutely love Fort Worth dirt! Alice Walton’s! I’ve seen them all from $60,000 (tried to Master-Charge it) to $100 million. And do you know what house caught my heart, made me want to DUMP my current home faster than a hot potato loaded with sour cream and bacon? What home made me want to not just freaking CHEAT on my house in a New York minute but totally abandon it, forget it, ride off into the sunset across the border (maybe safer to hide out in Carmel) with it and just say adios amigo?

The Residences at the Ritz Carlton. Residence 602.

4 lr (more…)