Dallas Fort Worth Urban Forum

rasec33 wrote:Apparently they sold another unit recently! Website shows only 2 left!

https://www.museumtowerdallas.com/luxur ... ventory-2/

Nothing has sold since May, but it does look like there are only two left. Someone some time back must have bought two units and combined them.

June 2020 (revised to reflect accurate count of only 2 condos remaining)

Zero sold.

111 sold in 91 months. (1.22 per month) 2 remaining.
Rolling 12-month sales: 5 (.42 per month)

Sellout projection, based on the pace of sales thus far: 7 years, 9 months.
Sellout projection, based on the rolling 12-month pace of sales: 8 years.

There are also currently 11 units listed for sale on Realtor.com.

July 2020

One sold.

112 sold in 92 months. (1.22 per month) 1 remaining
Rolling 12-month sales: 6 (.5 per month)

Sellout projection, based on the pace of sales thus far: 7 years, 9 months (in other words, this month).

Sellout projection, based on the rolling 12-month pace of sales: 7 years, 10 months.

But if you're worried you've missed your chance to live in Museum Tower, in addition to Unit 202 that remains unsold, there there are also currently 10 units listed for resale on Realtor.com.

Is the penthouse still a split deal?

Also, I heard from a couple of residents (so, just anecdotal or whatever) that no buyer wants to take on owning the rooftop option because they would be responsible to buy the full roof insurance for the tower which would be astronomical apparently. . . (?) I forget if I ever mentioned this before, but, I've heard it a couple times now.

CTroyMathis wrote:Is the penthouse still a split deal?

Also, I heard from a couple of residents (so, just anecdotal or whatever) that no buyer wants to take on owning the rooftop option because they would be responsible to buy the full roof insurance for the tower which would be astronomical apparently. . . (?) I forget if I ever mentioned this before, but, I've heard it a couple times now.

The top floor penthouse was originally marketed as one unit with the option of a huge rooftop area. They found no buyers for that and eventually sold the space as two separate units (both have sold). I cannot decipher whether they sold the rooftop space, but from what I can see in the deeds, I think probably not.

August 2020

Zero sold.

112 sold in 93 months. (1.2 per month) 1 remaining
Rolling 12-month sales: 6 (.5 per month)

Sellout projection, based on the pace of sales thus far: 7 years, 10 months.

Sellout projection, based on the rolling 12-month pace of sales: 7 years, 11 months.

In addition to Unit 202 that remains unsold, there there are also currently 11 units listed for resale on Realtor.com (up 1 from last month).

Sept 2020

Zero sold.

112 sold in 94 months. (1.19 per month) 1 remaining
Rolling 12-month sales: 5 (.42 per month)

Sellout projection, based on the pace of sales thus far: 7 years, 11 months.

Sellout projection, based on the rolling 12-month pace of sales: 8 years, 1 month.

In addition to Unit 202 that remains unsold, there there are also currently 11 units listed for resale on Realtor.com.

Oct 2020

Zero sold.

112 sold in 95 months. (1.18 per month) 1 remaining
Rolling 12-month sales: 5 (.42 per month)

Sellout projection, based on the pace of sales thus far: 8 years.

Sellout projection, based on the rolling 12-month pace of sales: 8 years, 2 months.

In addition to Unit 202 that remains unsold, there there are also currently 11 units listed for resale on Realtor.com.

A few shots from 30 floors up

Nov 2020

Zero sold.

112 sold in 8 years. (1.17 per month) 1 remaining
Rolling 12-month sales: 4 (.33 per month)

Sellout projection, based on the pace of sales thus far: 8 years, 1 month.

Sellout projection, based on the rolling 12-month pace of sales: 8 years, 3 months.

NdoorTX wrote:A few shots from 30 floors up

Beautiful shots, always been a dream of mine to shoot from high up in Museum Tower

Tucy wrote:Nov 2020

Zero sold.

112 sold in 8 years. (1.17 per month) 1 remaining

It's time to put that one unit up for auction and be done with it.

Where is the one remaining unit? Penthouse?

Tnexster wrote:Where is the one remaining unit? Penthouse?

No (somewhat surprisingly). Unit 202.

Dec 2020

Zero sold.

112 sold in 8 years, 1 month. (1.15 per month) 1 remaining
Rolling 12-month sales: 4 (.33 per month)

Sellout projection, based on the pace of sales thus far: 8 years, 2 months.

Sellout projection, based on the rolling 12-month pace of sales: 100 months (8 years, 4 months).

FWIW, in calendar year 2020, they sold 4 units.
2019: 6
2018: 13
2017: 15

Seems odd that the one remaining unit is 202. You'd think that would go easier.

Jan 2021

Zero sold.

112 sold in 8 years, 2 months. (1.14 per month) 1 remaining
Rolling 12-month sales: 2 (.17 per month)

Sellout projection, based on the pace of sales thus far: 8 years, 8 months.

Sellout projection, based on the rolling 12-month pace of sales: 100 months (8 years, 8 months).

February 2021

One sold.

113 sold in 8 years, 3 months. (1.14 per month) SOLD OUT
Rolling 12-month sales: 3 (.25 per month)

Hard to believe anything sold in February with what the weather was a mess.

Tucy wrote:February 2021

One sold.

113 sold in 8 years, 3 months. (1.14 per month) SOLD OUT
Rolling 12-month sales: 3 (.25 per month)

Thank you very much for your monthly updates.

Tucy wrote:February 2021

One sold.

113 sold in 8 years, 3 months. (1.14 per month) SOLD OUT
Rolling 12-month sales: 3 (.25 per month)

Yay! Finally!

rono3849 wrote:Hard to believe anything sold in February with what the weather was a mess.

LOL True. But I think they actually closed that sale very early in the month... like Feb 2 IIRC

LPG wrote:

Tucy wrote:February 2021

One sold.

113 sold in 8 years, 3 months. (1.14 per month) SOLD OUT
Rolling 12-month sales: 3 (.25 per month)

Thank you very much for your monthly updates.

Word

tamtagon wrote:

LPG wrote:

Tucy wrote:February 2021

One sold.

113 sold in 8 years, 3 months. (1.14 per month) SOLD OUT
Rolling 12-month sales: 3 (.25 per month)

Thank you very much for your monthly updates.

Word

Thanks again for the updates throughout the process Tucy! I may use the forum way less than I used to, but it's members like you that keep me checking in!

Definitely appreciate the updates through the years Tucy, thank you for being a great source of info on this.

Too bad they just didn't have the resolve to fix the reflection problem. They would have sold out years ago.

tamtagon wrote:Too bad they just didn't have the resolve to fix the reflection problem. They would have sold out years ago.

It'd be interesting to know what the actual repair would have cost them and compare that to money spent/lost by dragging out the sale of units (not sure how to accurately calculate that either). This isn't taking into account the "good neighbor" or "civically minded" approach we'd like all local businesses and people to have. Just wondering if the "business decision" was worth it financially to the company that built and managed the building.

tamtagon wrote:Too bad they just didn't have the resolve to fix the reflection problem. They would have sold out years ago.

There is no evidence that the reflection problem had any significant impact on their sales. Sales were slow from the outset.

Tucy wrote:

tamtagon wrote:Too bad they just didn't have the resolve to fix the reflection problem. They would have sold out years ago.

There is no evidence that the reflection problem had any significant impact on their sales. Sales were slow from the outset.

We'll never know, but it's a sell out now. How many units are up for re-sale now? That will be interesting to see how those do in this tough real estate market.

rono3849 wrote:That will be interesting to see how those do in this tough real estate market.

Was that supposed to be satirical?