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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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Photo courtesy Patrick McDonnell/Downtown Dallas Inc.

Photo courtesy Patrick McDonnell/Downtown Dallas Inc.

If the last year is any indication, 2015 is shaping up to be another banner year for real estate development in Downtown Dallas.

This is according to downtown advocates, urban planners, and real estate and development experts, who gathered Friday to talk about city living in downtown at a panel, sponsored by the Dallas Business Journal.

Moderated by John Crawford, President and CEO of Downtown Dallas Inc., an advocacy group for Downtown Dallas, the panel shared candid insights into past successes, lessons learned, and where the area is headed in the future.

“There’s a pretty distinct spirit and energy in Downtown Dallas and we’ve reached a point of permanency, as far as what downtown has become,” said Crawford. “Residentially, we continue to be about 94 percent occupancy in all the buildings that have been converted and the new construction and depending on who you talk to, we have between 6,000 and 8,000 units under construction from 2015 to 2017. There’s an urban lifestyle that is continuing to catch on down here.”

Panelists included Theresa O’Donnell, Chief Planning Officer for the city of Dallas; Yogi Patil, an Associate at HKS Architects Inc.; Steve Shepherd of the Downtown Residents Council; and Michael Tregoning, President of Headington Company. Jump to read more!

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2430 Victory 3001 Living

OK, that’s not all I want for Christmas, but an impeccable 30th floor penthouse at the W Residences Tower in Victory Park is a good start. This highrise has everything you want in an urban retreat, and the decor is on point.

It’s listed with Allie Beth Allman herself for $10.95 million and honestly, I feel like this five-bedroom, seven-full-plus-three-half-bath, 11,807-square-foot pad is worth every penny. I mean, those views! Those amenities! The privacy! The style! It’s an incredible unit and it’s full of eye candy with contemporary lines and texture.

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2200 Victory 1101 Living

Looking for luxury digs in Victory? Boy do we have the rental for you! Our Lease of the Week is an incredible condo inside The House that is perfect for a new-to-Dallas single executive who wants a great location with tons of amenities.

You just got a transfer to Big D and you’re looking for a new pad that is sleek, sexy, and will definitely make an impression. Unit 1101 inside The House is your Huckleberry! With one bedroom, one and a half baths, a fantastic kitchen, and more than 1,500 open square feet perfect for entertaining, I can’t imagine a more perfect candidate.

2200 Victory 1101 View

And you won’t have to run around to find a new gym, a dog park, or a place to lounge, as the 28-story highrise has it all. And talk about views! With floor-to-ceiling windows that look out on Victory Park and downtown Dallas, you’ll have plenty of eye candy to enjoy. You’ve got tons of entertainment nearby, as well as fabulous dining and retail.

2200 Victory 1101 Kitchen

Want to stay in for dinner? The kitchen sports marble counters, designer lighting, modern cabinetry, a Wolf cooktop, Sub Zero refrigerator, and a huge island. Hardwood floors in the perfect shade of espresso really elevate this unit.

2200 Victory 1101 Bath 2200 Victory 1101 bath 2

You’ll also adore the full bath — a gorgeous five-piece affair draped in stone. The modern vanity with rolling storage is just perfect, and the rain shower is the perfect place to clean up after doing a few laps in the pool.

This wonderful unit is for lease with Dave Perry-Miller Realtors Jarrad Barnes and Tricia Weiner for $3,350 a month, and it’s worth every single penny!

2200 Victory 1101 pool 2200 Victory 1101 fitness 2200 Victory 1101 dog area 2200 Victory 1101 lounge 2200 Victory 1101 lounge 2

Cohn Drennan Contemporary

If your name is Edward Hunt, then yes, you just won two tickets to this weekend’s Dallas Modern Expo, where he can check out works from amazing galleries such as Cohn Drennan Contemporary (pictured)

If you didn’t win, there’s still time to buy passes to this three-day event (May 17-19) celebrating everything modern at Victory Park. There’ll be tons of modern and contemporary galleries showing off great work, and plenty of decor vendors.

To kick things off, there’s a benefit and preview party tonight that you shouldn’t miss! Food from Jo-Jos and beer from Brooklyn Brewery will be served, and tickets are just $25 benefiting the Booker T. Washington High School for the Performing and Visual Arts.

Find out more about this weekend’s event, as well as a complete list of exhibitors, right here.

Cohn Drennan Contemporary

If your name is Edward Hunt, then yes, you just won two tickets to this weekend’s Dallas Modern Expo, where he can check out works from amazing galleries such as Cohn Drennan Contemporary (pictured)

If you didn’t win, there’s still time to buy passes to this three-day event (May 17-19) celebrating everything modern at Victory Park. There’ll be tons of modern and contemporary galleries showing off great work, and plenty of decor vendors.

To kick things off, there’s a benefit and preview party tonight that you shouldn’t miss! Food from Jo-Jos and beer from Brooklyn Brewery will be served, and tickets are just $25 benefiting the Booker T. Washington High School for the Performing and Visual Arts.

Find out more about this weekend’s event, as well as a complete list of exhibitors, right here.

Dallas Vs AustinChris Galis of Realty Austin has helped client after client find a spot in Austin that feels like home regardless of the area from which they hail. While no two cities are exactly alike, neighborhoods often have quite a bit more in common than we realize. Gallis shows us how Dallas compares with it’s southern compatriot, acknowledging that these two rival cities have plenty similarities.

As Austin continues to grow and develop more tourist-attracting bastions of international commerce (i.e. F1’s Circuit of the Americas), the Austin real estate community emerging around this growth is becoming a full-fledged poster child for a healthy Texas housing market (which, much like Dallas, fared well during the housing bust in early 2008). Let’s take a look at a few comparable Austin and Dallas neighborhoods and what it is that makes them so attractive to their residents.

Highland Park, Dallas | Westlake, Austin

Highland Park and Westlake

Dallas’ Highland Park neighborhood is infamous for the financial means of its residents. In 2010, the average price of a home in Highland Park was over $1 million, so the finer things in life are no stranger to your typical Highland Park resident. Likewise, Austin’s Westlake real estate features exquisite estates and homes, usually for the well-to-do members of Texas capitol city. The average home price in Westlake was also over $1 million a couple years ago.

Hyde Park, Austin | M Streets, Dallas

Hyde Park and M Streets

The Greenland Hills/M Streets in Dallas proper sits between Highland Park and Lakewood and features quaint tree-lined roads in close proximity to Dallas’ urban core. Hyde Park in Austin, TX is a similar historic neighborhood that features many early to midcentury homes along quiet streets. Homeowners in both neighborhoods have taken to expanding their existing homes, as larger space needs have become the norm. For professionals and families looking for the quintessential suburban residential lifestyle, M Streets and Hyde Park have it all.

Victory Park, Dallas | Warehouse District, Austin

Victory Park and Warehouse District

If you’re looking for a hip urban setting, modern condos, and plenty of nightlife and entertainment choices, then Dallas’ Victory Park and Austin’ Warehouse District both provide plenty. In Victory Park, you can find top-notch shopping, entertainment in one of Dallas’ oldest, yet most modern neighborhood hot spots. Similarly, Austin’s Warehouse District features several modern, luxury high-rise Austin condos in close proximity to its infamous live music and nightlife districts. Both of these neighborhoods provide young professionals and others looking for a hip, urban setting a place to call home.

Austin’s Steiner Ranch | North Dallas

Steiner Ranch and North Dallas

The suburban lifestyle is a way of life unto itself. The further from the urban core you get, neighborhoods and your commute to work tend to grow. North Dallas is the perfect candidate for such a lifestyle. As more and more development occurred in the late 20th Century, Dallas residents moved north to one of North Dallas’ many neighborhoods that feature large model homes and planned developments. Likewise, Austin’ Steiner Ranch neighborhood is a self-subsistent, gated community with its own shopping centers, schools, and plenty of neighborhood amenities. Both sit a ways from Dallas and Austin’s economic centers.

 What do you think? Do these neighborhoods compare?

Terrace Rooftop Pool

If downtown Plano isn’t hot enough for you (is everything happening in Plano, or what???), perhaps this hip condo in Victory Park will whet your appetite for urban living. Located in the Terrace at 2323 N. Houston St., this two bedroom, two bath condo has tons of light, living space, and views that can’t be beat!

This unit, No. 604 to be exact, is available via LocalDwelling.com’s Jason Lucas for $1,900 a month. The minimum lease period is 12 months, which will give you plenty of time to figure out if high-rise living is for you.

Terrace 604 Kitchen

Victory Park is a great neighborhood for the stylish 20- and 30-somethings of Dallas who are looking for low-maintenance living in the heart of Dallas’ happening areas. Not only are you a stone’s throw from Uptown, you’re also right next to tons of entertainment including American Airlines Center, the West End, and great restaurants inside Victory Park.

Need to get somewhere? Ditch your car and buy a bike or get an annual DART pass, because you will be so close to everything it’ll be a hassle to park the Benz!

The Terrace Fitness Center

Along with fabulous decor and gorgeous hardwood floors, you also get in-unit washer/dryer hookups, a refrigerator, upgraded fixtures, access to the fitness center, and a rooftop terrace and pool! Love that!

What do you think?