A celebration of life in the heart of Dallas

Wednesday, April 29, 2015

Artful Building in Downtown Dallas

The exponential growth of Uptown, Downtown and the Arts District can be attributed to a development track that capitalizes on walkability, arts, entertainment and dining amenities and an environment that supports both work and play.

Five years ago, there was limited inventory of new residential construction in Uptown and Downtown – and not a great deal of interest in urban living, says Robbie Briggs, president and CEO of Briggs Freeman Sotheby’s International Realty. “The huge draw of the area started with the creation of the Klyde Warren Park and the development of The Arts District. Together, they’ve made downtown a true destination.”

The rise in commercial development—from arts and entertainment to office buildings and public parks—has spurred a residential real estate market in the city’s core that focuses on luxury details such as incredible views of Klyde Warren Park and the award-winning Dallas skyline, expansive terraces that allow for landscaping, open floor plans, ample storage and concierge services.

Overall, buyers are looking for the views and walkability, plus the architectural elegance, amenities and services they can find at buildings that have set the standard for Dallas city living – including Museum Tower, the Ritz and One Arts Plaza and others.

Currently in the planning and/or construction phase are projects that include the 39-story Atelier/Flora Lofts which will have 370 luxury apartments and 39 artist lofts and the development of McKinney & Olive, a combined office, retail and public green space that will extend the pedestrian friendly atmosphere created by the Klyde Warren Park.

The award-winning Klyde Warren Park is less than 200 feet from Museum Tower

Tim Headington continues invigorating the Ross Avenue area through development of upscale shopping and dining. A recent acquisition includes 1.5 acres across from the Fountain Place, which is planned for mixed use development. And Harwood International has launched Bleu Ciel, a 33-story luxury residential tower with terrace views of Downtown.

New buildings, and the developments coming online in 2015 and beyond, have made Dallas an investment focus. Dallas-Fort Worth ranks as the 9th best investment market in the world. Phil Puckett, executive vice president of the commercial real estate company CBRE says to look for about a half-dozen more Uptown/Downtown development announcements to happen in the near future.
The view from 1918 N. Olive Street #902 in Museum Tower

That’s in addition to the sites already under construction around the park, many of which combine luxury living, commercial and dedicated green space. “We’ll see things in the next 10 years that we’ve never seen in Dallas,” he said.

To learn more about living in Uptown and Downtown Dallas, visit findyourperfectspot.com/uptown.

For more luxury homes throughout the Metroplex, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.