The Deep Ellum district in downtown Dallas is home to a vibrant arts and entertainment scene. (Photo: Steve Rainwater via Creative Commons)

The January release of “The WalkUP Wake-Up Call: Dallas-Fort Worth” happened quietly, though the implications for investment are huge.

This is the largest study done on D-FW on the most profitable type of real estate in the nation. Walkable Urban Places (WalkUPs) are seeing higher property values, lower vacancy, and commanding higher rental rates. Even through the last recession, WalkUPs saw lower vacancy and quicker leasing rates than places designed in a primarily drivable sub-urban orientation.

Walkable Urban Places are also proving to be the most economically, socially, environmentally, and even psychologically beneficial type of real estate.

The report, assembled by a team of researchers from George Washington University’s Center for Real Estate and Urban Analysis, identifies the places in DFW that exemplify this national trend. The study delves into the key indicators for successful Established WalkUPs and the Emerging WalkUP markets ripe for investment.

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Adding more single-family housing in downtown Dallas has definitely increased the vibrancy of our urban core, as the once desolate city center now has more full-time families and businesses. The days of downtown turning into a ghost town at 5 p.m. could be over. 

If you want an urban lifestyle but don’t want to live in a high-rise, a townhome is the perfect compromise. Lucky for you, the Farmers Market area on the southeast side of downtown Dallas has a great inventory of relatively new builds, including this stunning unit listed by Sam Sawyer of The Collective Residential.

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SamsCityplace

Despite the decision from the Fifth District Court of Appeals, it won’t slow construction of the Sam’s Club at Cityplace.

A new decision on the proposed Sam’s Club at Cityplace is giving the East Village Association reason to celebrate. Robert Wilonsky has the news on the Fifth District Court of Appeals’ memorandum, ordering the case back to trial court. It’s a blow to city staff, which argued that the neighborhood association has no standing to sue.

According to Justice David Schenk’s opinion, Wilonsky says, “the court disagrees with the city’s assertion that the East Village Association — which was formed in opposition to the Sam’s Club — doesn’t even have standing to bring this suit in the first place. If nothing else, says the justice, at least one of its members lives close enough to the property to justify the lawsuit even without the association’s help.”

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Photos: Shoot2Sell

As Amanda Popken noted in one of her most recent columns here on CandysDirt.com, “67 percent of residents in Dallas-Fort Worth want to live in a walkable community at some point in their lives” and yet only 4 percent and 1.5 percent of the entire region can be classified as walkable. That’s why there’s such great demand for properties in Uptown, Deep Ellum, and urban neighborhoods where you can easily traipse from your front door to restaurants, shopping, and nightlife.

That’s one of the things this gorgeous townhome on State Street has going for it, but there’s much more to this beautiful home than its accessiblity. It’s truly a high-caliber home in an excellent location. As soon as you see it, you’re sure to fall in love, so don’t take any chances with financing. Call Lisa Peters at Caliber Home Loans today so you can put your highest and best offer in on this beautiful, walkable, enviable home.

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Blue-Walkable Places Ad-CNU-smallest

The Congress for the New Urbanism’s 23rd annual Congress (CNU 23), is in Dallas-Fort Worth this week, today through Saturday. CNU is the nation’s leading organization promoting walkable, mixed-use neighborhood development; sustainable communities; and healthier living conditions.



This year’s theme, “Meeting the Demand for Walkability,” was coined after learning that 68 percent of D/FW residents of all ages want to live in a walkable neighborhood at some point in their life, yet only 4 percent of the Dallas market and 1.5 percent of the greater D/FW market offer a home in a walkable area. The idea isn’t that Uptown is for everyone, but that the demand for Uptown is so high because the supply is so low. (You see the opportunity here — great walkable neighborhoods all over DFW.)

If this piques your interest, there are a few ways you can join the conversation for free. Jump to find out more

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4025 Bowser Front

Caroline Summers strikes again! This dynamic Briggs Freeman Sotheby’s International Realtor has another great listing, and this time it’s in the super-hot SoHIP neighborhood (South of Highland Park, for the uninitiated).

This gorgeous semi-detached home has a beautiful modern facade and an even better location. It’s right in the honey pot of Uptown, north of Lemmon and west of Oak Lawn, and it has creative, open interiors with tons of texture. It has a rooftop deck, too. This luxurious urban property is definitely worthy of our High Caliber Home of the Week award.

And Caroline Summers is a Realtor who will work tirelessly to market her clients properties, too. This award-winning agent just received the Charles P. Freeman Spirit in the Sky award, as well as entrance into the Briggs Freeman Millennium club with more than $20 million in sales for 2014. Yes, Summers is driven and creative, which reminds us an awful lot of Lisa Peters at Caliber Home Loans. If you want a mortgage professional that will help you sail through closing, don’t take any chances and call Lisa Peters today.

Jump to find out more about this chic home!

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The Cedars

The Cedars is quickly transforming into an urban hot spot, with 11 new real estate developments in the pipeline. But how will this neighborhood just south of downtown Dallas work to capitalize on this energy?

One of Dallas’ huge strengths is its neighborhoods, and one of the most unique is downtown. Make that Downtown with a capital D. With its walkable blocks, great density, and mix of classic and modern architecture, Downtown is similar to the nearby Uptown neighborhood. But at Wednesday night’s community roundtable hosted by the Dallas Homeowners League, Downtown was commiserating and collaborating with Deep Ellum, the Cedars and the Farmers Market neighborhoods. Why so glum? All are trying to poke their heads up as residential nirvanas for a new style of living.

As Peter Simek, last night’s roundtable moderator, put it, all areas “suffered the effects of de-economization of the core in the 60s, and are now coming into their own.”

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Photos: Shoot2Sell

Photos: Shoot2Sell

OK, I may not understand it, but not everyone likes a loft. Some people want more walls to hang their art, more crown moulding, more niches and nooks. But don’t you want to live in one of Dallas’ coolest neighborhoods, right next to the redeveloping Dallas Farmers Market, close to the vibrant Cedars, and within walking distance of downtown and Deep Ellum? Who wouldn’t?

If this sounds like you, then you’ll adore this townhome at 912 S. Cesar Chavez Blvd. This gorgeous townhome was built in 2006 and is absolutely pristine inside. It has three stories, three bedrooms, three full and one half bath, more than 2,600 square feet, and a tremendous rooftop deck from which you can admire the fireworks in Fair Park during holidays.

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