Dallas Fort Worth Urban Forum

Tucy wrote:April 2020

Two units sold. 69 sold in 29 months (2.38 per month) 89 remaining.

Sell-out projection: 5 years, 7 months

With the Pandemic, I'd expect the sales to slow until there's is some semblance back to normalcy.

May 2020

Zero units sold. 69 sold in 30 months (2.3 per month) 89 remaining.

Sell-out projection: 5 years, 9 months

Adding up Tucy's numbers, they've sold 3 units in 5 months, with no sales in 3 of the 5 months.

Hope that sales office isn't working on just commission....

June 2020

Zero units sold. 69 sold in 31 months (2.2 per month) 89 remaining.

Sell-out projection: 5 years, 11 months

July 2020

Two units sold. 71 sold in 32 months (2.22 per month) 87 remaining.

Sell-out projection: 6 years

August 2020

One unit sold. 72 sold in 33 months (2.18 per month) 86 remaining.

Sell-out projection: 6 years, 1 month

Sept 2020

One unit sold. 73 sold in 34 months (2.15 per month) 85 remaining

Sell-out projection: 6 years, 2 months.

(There were also 2 resales during September)

Wonder why this tower is STILL not included on SkyscraperPage.com. Even if there is no diagram drawn yet, there should still be an empty spot for it.

texasstar wrote:Wonder why this tower is STILL not included on SkyscraperPage.com. Even if there is no diagram drawn yet, there should still be an empty spot for it.

The Victor's 453' would go to the head of the class too.

Oct 2020

Two units sold. 75 sold in 35 months (2.14 per month) 83 remaining

Sell-out projection: 6 years, 2 months.

Nov 2020

Zero units sold. 75 sold in 36 months (2.08 per month) 83 remaining

Sell-out projection: 6 years, 4 months.

December 2020

15 units sold!!!! Does anyone know what might have caused this sudden spurt of sales in Bleu Ciel? Did they have a significant price reduction or special financing or other promotions?

90 sold in 37 months. (2.43 per month) 68 remaining.

Sell-out projection: 5 years, 5 months.

Hmm maybe they worked with a company who will rent them out or use them as hotels for corporate clients? Like TheLanding. Usually companies like that will def buy a block of units and provide all the cleaning services and furniture, insurance etc.

cowboyeagle05 wrote:Hmm maybe they worked with a company who will rent them out or use them as hotels for corporate clients? Like TheLanding. Usually companies like that will def buy a block of units and provide all the cleaning services and furniture, insurance etc.

Good thought, but the sales were all to different buyers, many (maybe most) of which were individuals.

Tucy wrote:

cowboyeagle05 wrote:Hmm maybe they worked with a company who will rent them out or use them as hotels for corporate clients? Like TheLanding. Usually companies like that will def buy a block of units and provide all the cleaning services and furniture, insurance etc.

Good thought, but the sales were all to different buyers, many (maybe most) of which were individuals.

Very interesting. Maybe a result of a recent corporate relo like Charles Schwab, where word might spread around among relocating coworkers? Or a new corporate relo on the horizon?

January 2021

2 units sold.

92 sold in 38 months. (2.42 per month) 66 remaining.

Sell-out projection: 5 years, 6 months.

February 2021

Zero sold.

92 sold in 39 months. (2.36 per month) 66 remaining.

Sell-out projection: 5 years, 7 months.

Is there any way to see if they've sold out of their 1 and 2 bedroom units? There aren't any on Zillow. The smallest unit on Zillow is a 3 bedroom for 1.3 million. I know developers don't always list all of their inventory on the MLS, but transplants who might be moving from the east and west coast and researching Zillow wouldn't even know this building exists if they're searching under 1 million.

Matt777 wrote:Is there any way to see if they've sold out of their 1 and 2 bedroom units? There aren't any on Zillow. The smallest unit on Zillow is a 3 bedroom for 1.3 million. I know developers don't always list all of their inventory on the MLS, but transplants who might be moving from the east and west coast and researching Zillow wouldn't even know this building exists if they're searching under 1 million.

It looks there are plenty of 2 BR units left. (about 25). I don't think they ever offered 1 Bedroom units. The rest are 3 BR (and up).

Tucy wrote:

Matt777 wrote:Is there any way to see if they've sold out of their 1 and 2 bedroom units? There aren't any on Zillow. The smallest unit on Zillow is a 3 bedroom for 1.3 million. I know developers don't always list all of their inventory on the MLS, but transplants who might be moving from the east and west coast and researching Zillow wouldn't even know this building exists if they're searching under 1 million.

It looks there are plenty of 2 BR units left. (about 25). I don't think they ever offered 1 Bedroom units. The rest are 3 BR (and up).

Are you seeing these on the MLS? Zillow and Realtor.com aren't showing the 2 bedroom units. The 2 bedroom is the floorplan I had in mind when I was thinking 1 bedroom. The southern facing 2 bedroom plan has a small bedroom in the center that has no windows, and is counted as bedroom 2.

Matt777 wrote:

Tucy wrote:

Matt777 wrote:Is there any way to see if they've sold out of their 1 and 2 bedroom units? There aren't any on Zillow. The smallest unit on Zillow is a 3 bedroom for 1.3 million. I know developers don't always list all of their inventory on the MLS, but transplants who might be moving from the east and west coast and researching Zillow wouldn't even know this building exists if they're searching under 1 million.

It looks there are plenty of 2 BR units left. (about 25). I don't think they ever offered 1 Bedroom units. The rest are 3 BR (and up).

Are you seeing these on the MLS? Zillow and Realtor.com aren't showing the 2 bedroom units. The 2 bedroom is the floorplan I had in mind when I was thinking 1 bedroom. The southern facing 2 bedroom plan has a small bedroom in the center that has no windows, and is counted as bedroom 2.

I spent 5 or 10 minutes going through DCAD records.

March 2021

Zero sold.

92 sold in 40 months. (2.3 per month) 66 remaining.

Sell-out projection: 5 years, 9 months.

So in a city like Chicago or Seattle, how long would it take a tower like this to sell out? I am assuming it's much less than nearly six years. But maybe I am wrong.

What’s the giant crane/drill machine near this tower?

I've noticed the decorative lighting on top has been out recently. Maybe they are fixing something up there.

dd_dweller wrote:What’s the giant crane/drill machine near this tower?

Is or was something about replacing 3 cooling towers up top. Apparently there was an a/c problem (perhaps having no a/c at all).

April 2021

Zero sold.

92 sold in 41 months. (2.22 per month) 66 remaining.

Sell-out projection: 5 years, 11 months.

May 2021

Actually appears that they bought one back. So. . .

-1 sold.

91 sold in 42 months. (2.17 per month) 67 remaining.

Sell-out projection: 6 years, 1 month.

June 2021

Zero sold.

91 sold in 43 months. (2.12 per month) 67 remaining.

Sell-out projection: 6 years, 3 months.

I see high rise condo living is still all the rage in Dallas.

Tnexster wrote:I see high rise condo living is still all the rage in Dallas.

Yeah, perhaps the hottest residential real estate market in history and the two active projects in downtown Dallas combined have sold 3 units in 6 months.

Tucy wrote:

Tnexster wrote:I see high rise condo living is still all the rage in Dallas.

Yeah, perhaps the hottest residential real estate market in history and the two active projects in downtown Dallas combined have sold 3 units in 6 months.

Does Tucy ever have anything positive to say? I'm almost sure he's a troll from the Houston board. I don't really care, I just find it odd...never, ever a positive word and I'm fairly pessimistic myself.

I appreciate the updates - unless he's personally blocking unit tours he has nothing to do with the numbers, just reporting facts. And it's fine to be a bit snarky here.

July 2021

One sold.

92 sold in 44 months. (2.09 per month) 66 remaining.

Sell-out projection: 6 years, 4 months.

August 2021

Two sold.

94 sold in 45 months. (2.09 per month) 64 remaining.


Sell-out project: 6 years, 4 months.

September 2021

One unit sold.

95 sold in 46 months. (2.07 per month) 63 remaining.

Sell-out projection: 6 years, 5 months.

Why would you even build a condo tower when it takes that long to sell out?

I do think there's a market for highrise condos that aren't so high end though. We just haven't seen any built that aren't over a million per unit.

Are we even sure it would be condos? It wouldn't be the first apartment tower for Harwood if they did and it's been awhile since their last one. The market is so low on units seems like they would go after luxury apartments like everyone else.

October 2021

One unit sold.

96 sold in 47 months. (2.04 per month) 62 remaining.

Sell-out projection: 6 years, 6 months.

November 2021

Two units sold.

98 sold in 48 months. (2.04 per month) 60 remaining.

Sell-out projection: 6 years, 6 months.

Still amazing how slow condo sales are in Dallas. Between this and Hall they sold 4.

December 2021

One unit sold.

99 sold in 49 months. (2.02 per month) 59 remaining.

Sell-out projection: 6 years, 7 months.

January 2022

Three units sold

102 sold in 50 months. (2.04 per month) 56 remaining.

Sell-out projection: 6 years, 6 months.

February 2022

One unit sold.

103 sold in 51 months. (2.02 per month) 55 remaining.

Sell-out projection: 6 years, 7 months.

March 2022

Zero sold.

103 sold in 52 months. (1.98 per month) 55 remaining.

Sell-out projection: 6 years, 8 months.

April 2022

Zero sold.

103 sold in 53 months. (1.94 per month) 55 remaining.

Sell-out projection: 6 years, 10 months.

May 2022

Zero sold.

103 sold in 54 months. (1.91 per month) 55 remaining.

Sell-out projection: 6 years, 11 months.

So in five months they sold 4. Austin can sell out a condo tower before it even tops off, Dallas takes over half a decade to sell out one.

We can't put the cart before the horse and expect much to change. We could build all the condos in the world but, until the actual experience of daily living in our urban core lines up with what people want out of urban living, the cart will just sit there. We could even fill out a bunch of ground floor retail with everything anyone could possibly want, but until it's actually pleasant to step outside your front door to walk and do all these things, the horse will just keep nudging the cart with his head.

Austin has a core that is actually pleasant to be in and navigate at the human level, even as it struggles with cars. But the balance there is somewhat better. Downtown and uptown Dallas on the other hand remain utterly dominated by cars and are largely miserable to navigate on foot. Our active areas have streets that are treated by drivers like they're highways and our quiet areas are just parking garage canyons.