Dallas Arts District: Hall Arts Hotel & Residences

[Cmacemm]

How much are these?

Tucy, why do you think they sell so slowly?

because the cheapest I see listed is $2,100,00.00 for a 2 bedroom

[IcedCowboyCoffee]

Any updates on how many units are unsold now, Tucy?

I'm guessing the next phase depends on how well this building is doing, so I'm curious.

[eburress]

What's the next phase? I thought this was only a two-building project built on the foundations of the Lone Star Tower project that never happened. Were they planning to build more across Ross?

Edit - I guess that's what you were referring to, the building across the street. I personally never took that seriously but who knows.

[rono3849]

Any updates on how many units are unsold now, Tucy?

I'm guessing the next phase depends on how well this building is doing, so I'm curious.

I remember seeing renderings for a Hall-owned large tower across Ross Avenue from the Hotel that was to include office, hotel, & limited residences. It looked to be in the 50-story range. Hall does own the land which is now used for surface parking. It backs up to the Portman Holdings' Dallas Gateway project, which has similar components to its development.

[tamtagon]

Where'd tucy go?!?!

[Tucy I]

September 2023

Zero sold. 33 sold in 39 months. (0.846 per month) 16 remaining.

Sell-out projection: 4 years, 10 months

They have sold 4 so far this calendar year (0.44444 per month). At that pace, the sell-out projection is 6 years, 3+ months.

[Tucy I]

October 2023

Zero sold. 33 sold in 40 months. (0.825 per month) 16 remaining.

Sell-out projection: 5 years

They have sold 4 so far this calendar year (0.4 per month). At that pace, the sell-out projection is 6 years,8 months.

[Tucy I]

November 2023

Zero sold. 33 sold in 41 months. (0.805 per month) 16 remaining.

Sell-out projection: 5 years, 1 month

They have sold 4 so far this calendar year (0.3636 per month). At that pace, the sell-out projection is 7 years, 1+ month.

[Tucy I]

December 2023

Zero sold. 33 sold in 42 months. (0.786 per month) 16 remaining.

Sell-out projection: 5 years, 3 months

They sold 4 in 2023 (0.333333 per month). At that pace, the sell-out projection is 7 years, 6+ months.

[Tucy I]

January 2024

Zero sold. 33 sold in 43 months. (0.767 per month) 16 remaining.

Sell-out projection: 5 years, 4 months

[Tucy I]

February 2024

Zero sold. 33 sold in 44 months. (0.75 per month) 16 remaining.

Sell-out projection: 5 years, 6 months

[Tucy I]

March 2024

Zero sold. 33 sold in 45 months. (0.7333 per month) 16 remaining.

Sell-out projection: 5 years, 7 months

[tamtagon]

Welcome back!!

[Tnexster]

That is a lot of zero months back to back.

[R1070]

Stuff being built is too expensive for the market. They would sell much faster if they weren't so high end. You build some average/slightly above average priced condos and they will go fast. The luxury apt/condo market is further North in the Knox/HP area.

[Cbdallas]

They originally sold it as being in the Arts District but that area needs a refresh with cohesive streetscape and lighting and landscape to signify the entire Arts District as it is looking pretty worn out from the 80's and 90's when most of it was installed.