The Transition of Uptown
Re: The Transition of Uptown
There still may be something that pops at the El Fenix site.
Re: The Transition of Uptown
The summary also leaves out the potential residential tower on McKinney a the old "Revive" spot.
Re: The Transition of Uptown
Nah, Developers should just keep building super high-end condos and eventually the law of supply and demand will push the price of Blue Ciel-type units down to about $150kDPatel304 wrote:Thanks for sharing! Great summary of how much the area will change in the next couple of years.
My only complaint is that there isn't a single condo tower on that list. I really don't get it, what is it going to take for developers to build more condos (preferably ones that are not super high-end luxury) in Dallas?
On a serious note, I think there's a bit of a chicken & egg problem with regard to condos in Dallas. Millennial renters (especially DINK couples in Uptown who are making a combined 6 figures) could afford to buy a condo in the $250k-ish price point, but because there's very little stock available (and typically with sky-high HOAs covering expensive amenities like valet parking and concierges), they continue renting or move out to the suburbs. As a result, developers say "there's no demand for mid-priced condos/conversions" and keep building rental multifamily.
Re: The Transition of Uptown
Speaking of the El Fenix site.....Tnexster wrote:There still may be something that pops at the El Fenix site.
Is the historic El Fenix restaurant in Dallas closing? Owner says it's safe, for now
https://www.dallasnews.com/business/res ... -protected