eburress wrote:Tucy wrote:eburress wrote:Yeah, it doesn't seem the MT people are nearly as worried about their sales as are people on this forum.
You cannot be serious. Are you really unaware of the serious financial situation the "MT people" got themselves into; the firing of the top guy, the bankruptcy threat it posed to the entire City of Dallas, the need for special legislation from the State of Texas to bail them out?
I'm aware of the building's history, its neighborhood disputes, etc. My point is more about the piling on, rooting for failure (as if it makes the building's detractors feel more "right" or validated), and/or the "I told you so" ism that continues to happen. It just doesn't seem very constructive at this point.
^^^^^^^
I totally agree with your comments ... after 5 years of this person's monthly droning on and on about the negatives it is time to give that tired, tedious and boring dialogue a rest!
Reporting on sales numbers is one thing that people can appreciate ... but the constant negativity exhibited by this person borders on a sad preoccupation. Plagiarizing a famous quote:
"What difference, at this point, does it make?"
And this reported in Candy's Dirt yesterday:
Museum Tower is Now 80% Sold Out. Boom.
by Candy Evans, 12-13-17, 3:15pm
Museum Tower has hit a crucially important sales milestone: 80% sold. Which means 100% is in the very near future. In high rises, sales multiply more rapidly with every signed contract.
And for Museum Tower, one of the contracts that put them in the 80 percent club came from another prominent Dallas family moving out of Preston Hollow. They will be in good company. (Editor’s Note: upon request and respect for privacy, we have removed the names of the high profile homeowners though it is public record.)
Currently there are 108 homes, after legal combinations of units, and only 22 homes left to sell.
22/108 =20.37%
The 42-story luxury tower is now five years old. And for Steve Sandborg, Managing Director, Sales and Operations, this sales threshold couldn’t be a better holiday gift.
“We’ve been inching towards that magic 8-0 number, we’ve had a strong year, so we knew we would get here by now,” says Steve. “Museum Tower is a very special place, and nobody has this perfect location, in the center of everything.”
...
The Ritz, with the exception of the Townhomes, is sold out of new inventory and onto re-sales. Craig Hall is just breaking ground on Hall Residence Arts Center (stay tuned). Bleu Ciel is nearing completion, but it’s in Uptown, a different vibe than MT.
With homes starting at $1.25 million, or about $800 per square foot, any real estate savant knew the building would not sell in a two or three year time period.
...
Other developers have been watching MT for a long time, says Steve, and if they have designs to offer a similar level of service, that’s a form of flattery.
After all, Museum Tower drove a new $800 psf price point in Dallas real estate, in a town shifting from a spread out single family home model to dense, urban luxury living.
“We are not empty, and we sold 80% of the highest priced condos this city has seen in a five year time frame,” says Steve. “Luxury high rise living is really happening here as per the vision, in the Arts District, and right on the edge of Uptown.”
Article:
https://candysdirt.com/2017/12/13/museu ... 1-16460437