When choosing high-rise real estate, what level provides your preferred views? Some people don’t want to get too high, opting for a tree-top skimming view that offers some privacy and shorter elevator rides. Others like that mid-building feel, that gives you a great feel for the horizon and keeps vertigo at bay. Others want a lofty perch from which to look down on their domain. 

Me? I’m a middle-of-the-building gal, which is why I find this gorgeous unit inside The House so appealing. It’s our High Caliber Home of the Week presented by Lisa Peters of Caliber Home Loans.

This listing, unit 1704 inside The House by Starck, is marketed by the queen of Dallas high-rise real estate, Nancy Martinez. Martinez just found her new brokerage home at David Griffin & Company Realtors after Virginia Cook Realtors folded last week.

 “It has been a seamless transition so far to David Griffin,” Martinez shared. “David and colleagues have been incredibly welcoming and supportive. The company protocols are familiar because of  David Griffin & Company’s affiliation with Virginia Cook for so many years.  It has made changing brokerages a lot less painful.” 

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Splurge vs. Steal: Victory Park W South Tower | CandysDirt.com

This is the second installment of a new column here on CandysDirt.com, Splurge vs Steal (read the first one here). We’ll be looking at properties that offer something in common, but have a big difference in their asking price.  

When Victory Park was being built up in the early 2000s, it was hailed as a major development in downtown’s evolution from a place that rolled up its sidewalks at 5 p.m. to a vibrant live-work-play destination.  

Our Splurge vs. Steal today is at 2408 Victory Park Ln. in the W South Tower — Victory Residences, designed by David Cadwallader and opened in 2005. Located on corner of Victory Park and Museum Way, these condos are a short walk to Katy Trail, Dart Rail, House of Blues, American Airlines Center, Klyde Warren Park, and the Perot Museum, with a Cinepolis Luxury Cinema coming soon. 

This is luxury lifestyle living, with 24/7 security, a 16th-floor zero-edge infinity pool, two fitness centers, fantastic views, signature “Whatever/Whenever Service” from the concierge, and housekeeping and room service available from the hotel. Let’s compare.  

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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.

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Architecture on Tap

The Dallas chapter of the American Institute of Architects sponsors a lively series, Architecture on Tap, which is having its final event this week.

How big is your digital footprint?” will explore four perspectives on the use of technology and social media within the practice of architecture.

The three panelists will be Bob Borson, AIA, of Malone Maxwell Borson ArchitectsRick del Monte, FAIA, of Beck Group; and Eddie Fortuna, AIA, of Omniplan.

Discussion topics include:

  • What effect does the use of social media have on the studio environment?
  • How has the increased ease to connect with content from across the world affect the way we view the built environment?
  • ​At what point is our use of digital interaction within the work place too much?

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IdeaBoard

By Amanda Popken
Special Contributor

It’s been 4 years since the Downtown360 plan was created, and so much has changed! It’s time for an update. This week, Downtown Dallas Inc. held the kickoff meeting to begin soliciting input. The input phase will last through October, then the technical studies, microplans, and implementation plans phase will continue through May of 2016. We should have an updated plan by next summer.

If you’d like to give your two cents, keep checking the calendar (be patient – the project website just launched so it’s not fully updated and bug-free yet), or just join DDI’s email newsletter list.

You might already know that Downtown Dallas Inc. manages the Public Improvement District for downtown Dallas. That gives them funding to support the district with things like marketing, security, events, and even bigger substantial changes (like purchasing city rights-of-way.) But they really see their role as more than just a leader in downtown, but the connecting force between all the neighborhoods surrounding downtown. These nine neighborhoods, plus the seven in downtown proper, make up the 16 ‘hoods in the 360 plan. So if you live in, work in, or care about any of these places, you’re invited to participate.
Map-website

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Remember our first Staff Meeting? Well, it’s a “thing” now. This quarter, on June 17th, we’re toodling over to Victory Plaza to celebrate this high-rise stunner at the W before it finds a new owner. Want to attend? Email jo@candysdirt.com.

At the W, the Skyline is your Oyster

At the W, the Skyline is your Oyster

This home is made stunning not only because of the home, but the homeowner’s stunning offer to “repurchase the home in six-months should the new owner be unhappy” (minus some rent, natch). Now that’s confidence you don’t often see in real estate! But seeing this home, I can understand why.

Unit 2508 is a luxurious 2-bedroom, 2.5-bathroom home sprawling over 2,570 square feet including nearly 400 square feet of terrace. The home is being sold by its first owner for $1.25-million. The seller has nothing but wonderful things to say about the home and the W Residences, “If you live at the W, you’ll never want to live anywhere else.” So wonderful has the W experience been that he’s upsizing his family to a 3-bedroom unit just an elevator ride away.

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Victory Park is poised for a renaissance, and a new residential tower could help fuel new growth. (Photo: Victory Park)

Victory Park is poised for a renaissance, and a new residential tower could help fuel new growth.

Our appetite for high-rise residential evidently knows no bounds, as Richardson-based Genesis Real Estate Group has announced yet another high-rise project planned for the urban core. This project, a 28-story high-rise at Hi Line Drive and Houston Street inside Victory Park, was designed by Houston-based architecture firm EDI, according to Dallas Morning News reporter Steve Brown. Genesis is the 30-year-old firm that brought the 603-unit 3225 Turtle Creek, AKA The Renaissance, online.

Brown says that there are other high-rise projects in the works by Greystar, Novare Group and Lennar Multifamily. One has to wonder if we are perhaps biting off more than we can chew with all these new high-rise condo developments. Still, I’m optimistic that this project could usher in more foot traffic to Victory Park, which has so much potential but lacks the critical mass of residents to support a lot of retail and restaurants.

What do you think?

 

 

View Main

One of the main drivers for purchasing in a high-rise is the view. A buyer walks in “Oooo-ing and cooo-ing” as they’re transfixed by panoramic views. Other minor problems sometimes fall away, subsumed by the cliché “million-dollar” view.

Buyers must remember that while they’re sold on the view, their purchase actually stopped at the glass. The view, like that tiny free bottle of water from the sales office, doesn’t last forever. Even back in 535 BCE, Heraclitus knew, “No man ever steps in the same river twice.”

Dallas’ building boom is only speeding up the process of high-rises springing up to block (and themselves only borrow) those million-dollar views. If a permanent view is important to you, careful evaluation and broken rose-colored glasses are required.

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