Easability Is the Buzzword at the Residences at the Stoneleigh | CandysDirt.com

Easeability is the buzzword at one of Dallas’ most desirable luxury high-rises near Uptown, with stellar location and luxury amenities.

Life is just more convenient at the Residences at the Stoneleigh, a 22-story building at 2300 Wolf Street, nestled between historic Turtle Creek and energetic Uptown. It offers easy access to the Katy Trail, the Arts District, high-end shopping, and some of the city’s finest restaurants. 

Residents also get a concierge level of service, said general manager Will Terry, who has been in the hospitality business for over 25 years.  

“Anything we can do to make their life easier is what we try to do — our residents have stayed at some of the nicest hotels and homes in the world and so expect service to be of that five-star quality,” Terry said. “Not only do we bring their car around, we deliver their laundry to them, we can deliver their groceries, take them out of their car, bring up them up to their home, stock their refrigerator…it truly is a lock-and-leave kind of lifestyle.”

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3525 Turtle Creek #7AB is currently listed by Elly Holder and Gretchen Brasch of Briggs Freeman Sotheby’s International Realty for $2.15 million.

When a property this chic comes across your desk, you pay attention, and such was the case when Elly Holder reached out to me for help writing the property romance for her rare-to-market offering in the iconic Howard Meyer designed 3525 Turtle Creek.

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You might expect to pay a cover fee to attend an open house at a property of this caliber. The art alone is worthy of exhibit. And together with  perfectly selected fixtures and finishes, 1717 Arts Plaza, unit 2208 strikes a masterful balance between the warmth of home and the aloofness of a gallery. The combination is purposeful and stunning.

“It’s very livable, though still museum-like,” said Realtor David Griffin. “It’s just very thoughtfully designed.”

With museum-smooth walls and impressive 11-foot ceilings, the design intent of this space is clear: art lives here. “The owner of this unit is an art collector,” said Griffin. “I think the floor plan, finish-out, and amenities of this particular home are perfect for those with artistic interests. It’s perfectly set for that purpose.”

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Stoneleigh 1.ashx
Mention the name Stoneleigh to anyone that’s been in Dallas for 20 years or so and watch as their face lights up. Then get ready for a story because we all have one about this incredible building. (more…)

Bleu Ciel 1 SM

In April 2015, just a few months after I started this gig, I noticed that Bleu Ciel’s prices had jumped. Well, it’s done happened again! Today saw a further 2 to 4.5 percent increase on top of the 15-ish percent they’d jumped since pricing was announced.

For the “teaser” units on the MLS that translates to …

Unit 1701 is a four-bedroom, four-and-a-half-bathroom whopper with 5,835 square feet. Before yesterday, it was $4.723 million; now it’s $4.951 million. A jump of $228,000. From a square foot perspective, what was $809 is now $848 per square foot, or a bump of $39.07 a square foot.

Unit 2803 is a three-bedroom, three-and-a-half-bath unit with a sizeable 2,973 square feet. It’s jumped from $3,163,000 to $3,218,000 — a shade less than a 3 percent bump — a new $18.49 per square foot. However, by cost-per-square-foot, it’s the priciest of this group at $1,082 per square foot.

Unit 2606 is also a three-bedroom, three-and-a-half-bath home crammed into a more modest 2,231 square feet. It’s hardly worth mentioning its measly 2 percent rise from $2,064,000 to $2,099,000 — a mere $35,000. Almost tip money in this realm.

Unit 1804 is a three-bedroom, three-bath unit with a “my size” 1,903 square feet of space. What was $1,292,000 grew $59,000 to $1,351,000, or 4.5 percent.

Unit 2505 is a 1,537-square-foot, two-bedroom, two-and-a-half-bath “shoebox” that added $54,000 and is now listed at $1,252,000.

If you’re on a financial diet, there’s still unit 702. It’s a bit closer to the ground (well, 18 stories closer) than unit 2505, but the floorplan is nearly identical (just 10 square feet smaller). Literally across the floorplan “hallway” it’s a steal at $906,000 or one-third ($346,000) less. That $346,000 is all view, baby.

For all the doom and gloom some feel is skittering towards the Dallas real estate market, the Ciel is sure Bleu down on Harwood. Looks like Harwood has a winner as Dallas continues to concentrate sprawl upwards.

Remember: Do you have an HOA story to tell? A little high-rise history? Realtors, want to feature a listing in need of renovation or one that’s complete with flying colors? How about hosting a Candy’s Dirt Staff Meeting? Shoot Jon an email. Marriage proposals accepted (they’re legal)! sharewithjon@candysdirt.com

The Abandoned Vida

The Abandoned Vida

In December, I spent a month writing about Hawaii real estate. Several of the articles showcased new and planned high-rises in the Kaka’ako area of Honolulu that were almost exclusively targeting foreign investment and wealthy local buyers wanting to trade their nest for a high-rise perch. You may also recall that many of these buildings were selling out in days.

The big Kahuna in the area is Howard Hughes’ 10-plus-year development called Ward Village covering 60 acres. They are not alone. One high-rise that hadn’t broken ground is called Vida … well, “was” would be the more accurate term as of last Friday. Developers cancelled the project after “only” selling approximately 40 percent of the 262 units (priced from $1 million) despite being on sale for 18 months. In Hawaii real estate if you’re scrabbling for sales after 18 months, something’s wrong.

In Dallas, a 40 percent pre-sale before the first shovel of dirt was moved would be occasion to rejoice, but markets are different.

Vida's High-End Finishes

Vida’s High-End Finishes

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Park Towers Small 2

Park Towers is one of Dallas’ original high-rises built in 1964 and located at Fairmount and the Katy Trail. It’s been no secret that I like their floor plans but hate the exterior of mismatched enclosed balcony “sheds” (that have finally been painted a uniform color). When I was looking to buy in 2012, I kept hoping the right unit would pop on the market. Today I can say, “thank God it didn’t.”

Word comes to CandysDirt.com from residents and Realtors that last Thursday, after barely finishing $3.7 million in special assessments (about $40,000 per unit) to take care of long, long, looooooong neglected infrastructure, that Park Towers now just raised their HOA dues a staggering 38 percent.

The HOA meeting was standing room only as the board approved the increase to cover a $247,000 shortfall from the $3.7 million spent on capital improvements. Many residents made the case for another special assessment to cover the shortfall and a more modest increase to the monthly dues. They were cheered by others in the meeting but the board wouldn’t budge. With resident monthly dues going up $500-ish a month, it’s not hard to understand their wrath.

This episode is yet another example of poor communication between residents and their HOA boards and management companies.  Residents were reportedly unaware of the impending increase. They were just told the budget would be discussed at the meeting and encouraged residents to attend.

As one resident put it, “Shazam!” The increase just materialized without warning. And let’s face it: the last thing a resident expects to hear after a $3.7 million special assessment is that the “party” is just getting started.

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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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