Photo: StreetLights

The Case Building will be the first residential highrise in Deep Ellum. Photo: StreetLights

People have been calling Deep Ellum home since the late 1800s, and the historic district in downtown Dallas is entering a new era with its first residential highrise.

The 17-story, 337-unit Case Building will be the largest new real estate project ever built in Deep Ellum, located near Hall and Main streets, just south of Baylor Medical Center. Dallas-based Westdale Properties and StreetLights Residential are teaming up to develop the property.

“Deep Ellum is known for its rich art and music scene. The ability for residents to walk or bike to local galleries, music venues, restaurants, and shops fits well with Streetlights’ vision of a neighborhood-friendly urban development,” said StreetLights CEO Doug Chesnut in a statement. “The population in this area continues to grow, and StreetLights is excited to provide a building inspired by the architecture and style of Deep Ellum for this expanding community.”

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Pretty soon there will be a much larger one of these in the Harwood District, only it's going to cost you more to get inside.

Pretty soon there will be a much larger one of these in the Harwood District, only it’s going to cost you more to get inside.

This morning’s Ebby Alert contained a surprise. Prices at the Bleu Ciel (the next rich, rich, rich highrise in Dallas) are rising right along with construction. So if you’ve been fiddling and diddling about putting a deposit down, it’s gonna cost ya!

Originally the 158 units had starting prices of $700,000 for the smallest 1,373-square-foot units (or $509-per-square-foot). Today that ’07 unit (707 to be exact) on floors 7-27 lists for $805,000 (or $586-per-square-foot). This represents a 15 percent increase … for a property still under construction. No moss growing here!

Other (much, much) larger units have also taken a hike upmarket:

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