Dallas Penthouse
1 Kings 10:7: “And behold, the half was not told me.” * I bet you thought my last Penthouse Plunge column was the last. I had that hope, too. But just as it took me two months to close this deal when I was the buyer, it equally took two months to close as the…
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Over the long July Fourth weekend, I received two offers on my Penthouse Plunge at the Claridge. One offer was quite low citing the prospective buyers’ uncertainty in the high-rise market in the face of COVID-19. The other was a much higher cash offer that wanted some customizations. Even after the low-baller increased their offer,…
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Last week you read about the Penthouse Pause, where construction on my high-rise flip-and-live project had been halted due to COVID-19. That column was written over a week ago (I write most columns on weekends) and things changed during that ensuing week. We all know COVID-19 has forced daily changes to how the world operates…
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It’s time to get real on renovation. You will spend more than you budget. I think the only way I’d come in under budget on any renovation were if I died in the middle.
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When I first started visiting Dallas for work, the paint was still wet on The Claridge (1984) and The Centrum (1985). I recall being annoyed when The Mansion Residences were built in 1992 because they ruined the views of downtown Dallas from both The Mansion on Turtle Creek and The Melrose hotels. But through my…
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