Dallas Arts District: Hall Arts Hotel & Residences
Re: Arts District: Hall Arts Hotel & Residences
January 2021
0 units sold. 11 sold in 7 months (1.57 per month) 38 remaining
Sellout projection: 2 years, 8 months.
0 units sold. 11 sold in 7 months (1.57 per month) 38 remaining
Sellout projection: 2 years, 8 months.
Re: Arts District: Hall Arts Hotel & Residences
Interesting that we are getting all of these so called condo people from the coast and they still have zero sale months. One would think they would get snapped up more quickly unless maybe those condo folk come here and don't buy condos.
Re: Arts District: Hall Arts Hotel & Residences
Anecdotally, part of the appeal of moving here from NY, CA, etc is that you don't have to continue to be a condo person. It's out of necessity that New Yorkers cram their existences into 900sf apartments.
- Tivo_Kenevil
- Posts: 2099
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Re: Arts District: Hall Arts Hotel & Residences
Tnexster wrote:Interesting that we are getting all of these so called condo people from the coast and they still have zero sale months. One would think they would get snapped up more quickly unless maybe those condo folk come here and don't buy condos.
How many "Coasters" you know own million dollar condos? Most people that move here come because they can't afford the high prices there. So they're not really the people who would be looking at these.
Re: Arts District: Hall Arts Hotel & Residences
February 2021
0 units sold. 11 sold in 8 months (1.375 per month) 38 remaining
Sellout projection: 3 years.
0 units sold. 11 sold in 8 months (1.375 per month) 38 remaining
Sellout projection: 3 years.
Re: Arts District: Hall Arts Hotel & Residences
March 2021
0 units sold. 11 sold in 9 months (1.222 per month) 38 remaining
Sellout projection: 3 years, 5 months.
0 units sold. 11 sold in 9 months (1.222 per month) 38 remaining
Sellout projection: 3 years, 5 months.
Re: Arts District: Hall Arts Hotel & Residences
So not a single unit sold in Q1'21. Anyone knowledgeable know if the sales team was expecting this pace?
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Re: Arts District: Hall Arts Hotel & Residences
jetnd87 wrote:So not a single unit sold in Q1'21. Anyone knowledgeable know if the sales team was expecting this pace?
Actually toured the property a couple of weeks ago. To put it in a nutshell, they're not surprised, but weren't totally expecting it.
With units starting at $2M, not surprising. Also, one person on the sales team was a part of the Museum Tower's sales team, so now that it's completely sold out, HALL Arts is one of the only options. I expect there to be more interest as we head later into the year, but who knows.
Re: Arts District: Hall Arts Hotel & Residences
April 2021
2 units sold. 13 sold in 10 months (1.3 per month) 36 remaining
Sellout projection: 3 years, 2 months
2 units sold. 13 sold in 10 months (1.3 per month) 36 remaining
Sellout projection: 3 years, 2 months
Re: Arts District: Hall Arts Hotel & Residences
May 2021
Zero units sold. 13 sold in 11 months (1.18 per month) 36 remaining
Sellout projection: 3 years, 6 months
Zero units sold. 13 sold in 11 months (1.18 per month) 36 remaining
Sellout projection: 3 years, 6 months
Re: Arts District: Hall Arts Hotel & Residences
June 2021
Zero units sold. 13 sold in 12 months (1.08 per month) 36 remaining
Sellout projection: 3 years, 10 months
Zero units sold. 13 sold in 12 months (1.08 per month) 36 remaining
Sellout projection: 3 years, 10 months
Re: Arts District: Hall Arts Hotel & Residences
July 2021
Two units sold. 15 sold in 13 months. (1.15 per month). 34 remaining.
Sellout projection: 3 years, 7 months.
Two units sold. 15 sold in 13 months. (1.15 per month). 34 remaining.
Sellout projection: 3 years, 7 months.
Re: Arts District: Hall Arts Hotel & Residences
August 2021
1 unit sold. 16 sold in 14 months. (1.14 per month). 33 remaining.
Sellout projection: 3 years, 7 months.
1 unit sold. 16 sold in 14 months. (1.14 per month). 33 remaining.
Sellout projection: 3 years, 7 months.
Re: Arts District: Hall Arts Hotel & Residences
September 2021
1 unit sold. 17 sold in 15 months. (1.13 per month) 32 remaining.
Sellout projection: 3 years, 8 months.
1 unit sold. 17 sold in 15 months. (1.13 per month) 32 remaining.
Sellout projection: 3 years, 8 months.
Re: Arts District: Hall Arts Hotel & Residences
October 2021
1 unit sold. 18 sold in 16 months. (1.125 per month) 31 remaining.
Sellout projection: 3 years, 8 months
1 unit sold. 18 sold in 16 months. (1.125 per month) 31 remaining.
Sellout projection: 3 years, 8 months
Re: Arts District: Hall Arts Hotel & Residences
November, 2021
2 units sold. 20 sold in 17 months. (1.176 per month) 29 remaining.
Sellout projection: 3 years, 6 months
2 units sold. 20 sold in 17 months. (1.176 per month) 29 remaining.
Sellout projection: 3 years, 6 months
Re: Arts District: Hall Arts Hotel & Residences
December, 2021
2 units sold. 22 sold in 18 months. (1.22 per month) 27 remaining.
Sellout projection: 3 years, 5 months
2 units sold. 22 sold in 18 months. (1.22 per month) 27 remaining.
Sellout projection: 3 years, 5 months
Re: Arts District: Hall Arts Hotel & Residences
January, 2022
1 unit sold. 23 sold in 19 months. (1.21 per month) 26 remaining.
Sellout projection: 3 years, 5 months.
1 unit sold. 23 sold in 19 months. (1.21 per month) 26 remaining.
Sellout projection: 3 years, 5 months.
Re: Arts District: Hall Arts Hotel & Residences
February, 2022
0 units sold. 23 sold in 20 months. (1.15 per month) 26 remaining.
Sellout projection: 3 years, 7 months.
0 units sold. 23 sold in 20 months. (1.15 per month) 26 remaining.
Sellout projection: 3 years, 7 months.
Re: Arts District: Hall Arts Hotel & Residences
March, 2022
1 unit sold. 24 sold in 21 months. (1.14 per month) 25 remaining.
Sell-out projection: 3 yeas, 7 months.
1 unit sold. 24 sold in 21 months. (1.14 per month) 25 remaining.
Sell-out projection: 3 yeas, 7 months.
Re: Arts District: Hall Arts Hotel & Residences
April, 2022
1 unit sold. 25 sold in 22 months. (1.14 per month) 24 remaining.
Sell-out projection: 3 years, 8 months.
1 unit sold. 25 sold in 22 months. (1.14 per month) 24 remaining.
Sell-out projection: 3 years, 8 months.
Re: Arts District: Hall Arts Hotel & Residences
May, 2022
1 unit sold. 26 sold in 23 months. (1.13 per month) 23 remaining.
Sell-out projection: 3 years, 8 months.
1 unit sold. 26 sold in 23 months. (1.13 per month) 23 remaining.
Sell-out projection: 3 years, 8 months.
Re: Arts District: Hall Arts Hotel & Residences
June, 2022
1 unit sold. 27 sold in 24 months. (1.125 per month) 22 remaining.
Sell-out projection: 3 years, 8 months.
1 unit sold. 27 sold in 24 months. (1.125 per month) 22 remaining.
Sell-out projection: 3 years, 8 months.
Re: Arts District: Hall Arts Hotel & Residences
July, 2022
Zero units sold. 27 sold in 25 months. (1.08 per month) 22 remaining.
Sell-out projection: 3 years, 10 months.
Zero units sold. 27 sold in 25 months. (1.08 per month) 22 remaining.
Sell-out projection: 3 years, 10 months.
Re: Arts District: Hall Arts Hotel & Residences
I don't know how this rates in terms of selling condos, but would this warrant a slow down in people wanting to buy into high-rise condo towers in Downtown Dallas?
Re: Arts District: Hall Arts Hotel & Residences
rono3849 wrote:I don't know how this rates in terms of selling condos, but would this warrant a slow down in people wanting to buy into high-rise condo towers in Downtown Dallas?
Goodness, it's hard to be much slower than it already was/is.
Last edited by Tucy on 22 Aug 2022 13:06, edited 1 time in total.
- flyswatter
- Posts: 210
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- Location: Atlanta
Re: Arts District: Hall Arts Hotel & Residences
Wonder if people in the suburbs who like to come into the city for performances are buying units to have as a crash pad? Attached to a hotel so it has tons of amenities. The sales started really fast and kind of plateaued
Granted it is a much smaller tower than Blue Ceil so it's tough to really compare the two but it's a much better location without 12 lanes of Harry Hines/DNT around you.
Granted it is a much smaller tower than Blue Ceil so it's tough to really compare the two but it's a much better location without 12 lanes of Harry Hines/DNT around you.
Re: Arts District: Hall Arts Hotel & Residences
I wish Dallas was more of an urban condo tower type of city but it just isn't so much. People still want their land with Olympic swimming pools and tennis courts up north. Oh well some progress has been made over the last 30 years but not near enough.
Re: Arts District: Hall Arts Hotel & Residences
Cbdallas wrote:I wish Dallas was more of an urban condo tower type of city but it just isn't so much. People still want their land with Olympic swimming pools and tennis courts up north. Oh well some progress has been made over the last 30 years but not near enough.
That is true. This is one of the big differences between Dallas & Houston, which is littered with high rise condo towers. I think Houston was a magnate for more international money due to the energy industry. These people come from places where multi-residential living is commonplace.
Re: Arts District: Hall Arts Hotel & Residences
Dallas needs to diversify it's urban condo offerings. They all start at ridiculously high price points. People have no problem renting in high rises. That shows that we need more inventory that's not ultra-luxury.
- kingkong34
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Re: Arts District: Hall Arts Hotel & Residences
R1070 wrote:Dallas needs to diversify it's urban condo offerings. They all start at ridiculously high price points. People have no problem renting in high rises. That shows that we need more inventory that's not ultra-luxury.
Bingo!
Re: Arts District: Hall Arts Hotel & Residences
R1070 wrote:Dallas needs to diversify it's urban condo offerings. They all start at ridiculously high price points. People have no problem renting in high rises. That shows that we need more inventory that's not ultra-luxury.
There are a good number of condos in urban Dallas that are not at ridiculously high prices. Fewer of the high-rise variety to be sure. But are the high-rise offerings in other cities really at a significantly lower price point than Dallas's?
In Zip Code 75201, there are currently 36 condos for sale on Realtor.com. 9 of them are under $600,000. 3 are under $300,000.
In Zip Code 75202, there are 17 condos for sale. 16 of them are under $600,000. 9 are under $300,000.
Re: Arts District: Hall Arts Hotel & Residences
Augusr, 2022
Zero units sold. 27 sold in 26 months. (1.04 per month) 22 remaining.
Sell-out projection: 4 years.
Zero units sold. 27 sold in 26 months. (1.04 per month) 22 remaining.
Sell-out projection: 4 years.
Re: Arts District: Hall Arts Hotel & Residences
September , 2022
Zero units sold. 27 sold in 27 months. (1 per month) 22 remaining.
Sell-out projection: 4 years, 1 month
(They’ve sold 4 in cy 2022.)
Zero units sold. 27 sold in 27 months. (1 per month) 22 remaining.
Sell-out projection: 4 years, 1 month
(They’ve sold 4 in cy 2022.)
Re: Arts District: Hall Arts Hotel & Residences
So it looks like they were sort of humming along at one unit per month and then it all died. Is this market segment rate sensitive? I would tend to think not, more inclined to think Condos just don't work well in Dallas.
Re: Arts District: Hall Arts Hotel & Residences
October 2022
Zero units sold. 27 sold in 28 months. (0.96 per month) 22 remaining.
Sell-out projection: 4 years, 3 months
(They’ve sold 4 in cy 2022; Most recent sale was in June)
Zero units sold. 27 sold in 28 months. (0.96 per month) 22 remaining.
Sell-out projection: 4 years, 3 months
(They’ve sold 4 in cy 2022; Most recent sale was in June)
Re: Arts District: Hall Arts Hotel & Residences
November 2022
One unit sold. 28 sold in 29 months. (0.97 per month) 21 remaining.
Sell-out projection: 4 years, 3 months
(They’ve sold 5 in cy 2022; This was the first sale since June)
One unit sold. 28 sold in 29 months. (0.97 per month) 21 remaining.
Sell-out projection: 4 years, 3 months
(They’ve sold 5 in cy 2022; This was the first sale since June)
Re: Arts District: Hall Arts Hotel & Residences
December 2022
Zero units sold. 28 sold in 30 months. (0.93 per month) 21 remaining.
Sell-out projection: 4 years, 5 months
They sold 5 in cy 2022 (0.42 per month)
Zero units sold. 28 sold in 30 months. (0.93 per month) 21 remaining.
Sell-out projection: 4 years, 5 months
They sold 5 in cy 2022 (0.42 per month)
Last edited by Tucy on 05 Feb 2023 16:19, edited 1 time in total.
Re: Arts District: Hall Arts Hotel & Residences
I wonder if Hall will build that third building across Ross Avenue where he owns land that's a parking lot? I know there was talk of a multi-use tower at one time, but Portman Holdings may beat Hall with their first tower out of the ground on that side of Ross Avenue.
Re: Arts District: Hall Arts Hotel & Residences
January 2023
Zero units sold. 28 sold in 31 months. (0.90 per month) 21 remaining.
Sell-out projection: 4 years, 7 months
They sold 5 in cy 2022 (0.42 per month)
Zero units sold. 28 sold in 31 months. (0.90 per month) 21 remaining.
Sell-out projection: 4 years, 7 months
They sold 5 in cy 2022 (0.42 per month)
Re: Dallas Arts District: Hall Arts Hotel & Residences
February 2023
One unit sold. 29 sold in 32 months. (0.91 per month) 20 remaining.
Sell-out projection: 4 years, 7 months
More realistic: They have sold 6 in the past 14 months (0.43 per month). At that pace, the sell-out projection is 6 years, 7 months.
One unit sold. 29 sold in 32 months. (0.91 per month) 20 remaining.
Sell-out projection: 4 years, 7 months
More realistic: They have sold 6 in the past 14 months (0.43 per month). At that pace, the sell-out projection is 6 years, 7 months.
Re: Dallas Arts District: Hall Arts Hotel & Residences
March 2023
Zero sold. 29 sold in 33 months. (0.88 per month) 20 remaining.
Sell-out projection: 4 years, 8 months
More realistic: They have sold 6 in the past 15 months (0.4 per month). At that pace, the sell-out projection is 6 years, 11 months.
Zero sold. 29 sold in 33 months. (0.88 per month) 20 remaining.
Sell-out projection: 4 years, 8 months
More realistic: They have sold 6 in the past 15 months (0.4 per month). At that pace, the sell-out projection is 6 years, 11 months.
- Dallas_Uptown
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Re: Dallas Arts District: Hall Arts Hotel & Residences
Tucy wrote:March 2023
Zero sold. 29 sold in 33 months. (0.88 per month) 20 remaining.
Sell-out projection: 4 years, 8 months
More realistic: They have sold 6 in the past 15 months (0.4 per month). At that pace, the sell-out projection is 6 years, 11 months.
Strange. This building and location are far superior to Bleu Ciel.
Re: Dallas Arts District: Hall Arts Hotel & Residences
April 2023
Zero sold. 29 sold in 34 months. (0.85 per month) 20 remaining.
Sell-out projection: 4 years, 10 months
More realistic: They have sold 6 in the past 16 months (0.375 per month). At that pace, the sell-out projection is 7 years, 4 months.
Zero sold. 29 sold in 34 months. (0.85 per month) 20 remaining.
Sell-out projection: 4 years, 10 months
More realistic: They have sold 6 in the past 16 months (0.375 per month). At that pace, the sell-out projection is 7 years, 4 months.
Re: Dallas Arts District: Hall Arts Hotel & Residences
How much are these ones? $2-5 million?
Re: Dallas Arts District: Hall Arts Hotel & Residences
May 2023
One sold. 30 sold in 35 months. (0.86 per month) 19 remaining.
Sell-out projection: 4 years, 10 months
More realistic: They have sold 7 in the past 17 months (0.42 per month). At that pace, the sell-out projection is 7 years, 10 months.
One sold. 30 sold in 35 months. (0.86 per month) 19 remaining.
Sell-out projection: 4 years, 10 months
More realistic: They have sold 7 in the past 17 months (0.42 per month). At that pace, the sell-out projection is 7 years, 10 months.
Last edited by Tucy on 07 Jul 2023 13:54, edited 1 time in total.
Re: Dallas Arts District: Hall Arts Hotel & Residences
June 2023
Zero sold. 30 sold in 36 months. (0.83 per month) 19 remaining.
Sell-out projection: 4 years, 11 months
More realistic: They have sold 7 in the past 18 months (0.39 per month). At that pace, the sell-out projection is 7 years, 1 month.
Zero sold. 30 sold in 36 months. (0.83 per month) 19 remaining.
Sell-out projection: 4 years, 11 months
More realistic: They have sold 7 in the past 18 months (0.39 per month). At that pace, the sell-out projection is 7 years, 1 month.
Re: Dallas Arts District: Hall Arts Hotel & Residences
July 2023
One sold. 31 sold in 37 months. (0.838 per month) 18 remaining.
Sell-out projection: 4 years, 11 months
They have sold 2 so far this calendar year (0.0.286 per month). At that pace, the sell-out projection is 8 years, 4 months.
One sold. 31 sold in 37 months. (0.838 per month) 18 remaining.
Sell-out projection: 4 years, 11 months
They have sold 2 so far this calendar year (0.0.286 per month). At that pace, the sell-out projection is 8 years, 4 months.
Re: Dallas Arts District: Hall Arts Hotel & Residences
How much are these?
Tucy, why do you think they sell so slowly?
Tucy, why do you think they sell so slowly?
Re: Dallas Arts District: Hall Arts Hotel & Residences
August 2023
Two sold. 33 sold in 38 months. (0.868 per month) 16 remaining.
Sell-out projection: 4 years, 9 months
They have sold 4 so far this calendar year (0.5 per month). At that pace, the sell-out projection is 5 years, 10 months.
Two sold. 33 sold in 38 months. (0.868 per month) 16 remaining.
Sell-out projection: 4 years, 9 months
They have sold 4 so far this calendar year (0.5 per month). At that pace, the sell-out projection is 5 years, 10 months.