The Dallas Condominium Market Continues to Surge

Someone forgot to tell Dallas that the real estateAnd a crowd it is. From Victory Park, to the Arts
market has cooled off.District, to Turtle Creek, Oak Lawn and Highland
This booming, major metropolitan area hasPark, condominiums are abundant and thriving. The
enjoyed phenomenal growth in the condominiumResidences at Hotel Palomar, for example, located
sector thanks, in part, to its four-star restaurants,in the upscale, Park Cities community, is a luxury
unsurpassed cultural activities, world-classcondo and loft community out to impress. This
shopping, a flourishing financial and business districtcondominium community, aptly named by its
and a spectacular skyline, all of which havedevelopers as an “urban resort,” features
attracted young professionals and baby boomersover 70 condos on 5.3 acres of land. A full-service
looking for a simplified, exciting lifestyle.spa, gourmet restaurants, boutiques, courtyard
Old industrial sights and abandoned neighborhoodsvillas and the four-star, Hotel Palomar are just a
have given way to condo living at its finestfew of the reasons why prices can range
throughout Dallas. Much of the growth has beenanywhere from $300,000 to $2.3 million.
attributed to Dallas’ efficient, light rail system,Victory Park is home to the W Dallas Victory
which allows professionals to ditch the car in favorResidences, a new condominium high rise which
of more resourceful means of transportation.offers stunning, modern architecture with
What could be better than residing in a high-rise,world-class interior designs, floor-to-ceiling windows
luxury condominium, just steps from all of theand expansive terraces with awe-inspiring views.
excitement and opportunities of the city? Well,With prices ranging anywhere from $400,000 to
how about a panoramic, city view. Or a putting$7 million, it’s no wonder that top-notch
green. Or a rooftop, saltwater swimming pool. Oramenities, such as residential concierge service, a
a full-service spa. Yep, this is what condo living in24-hour valet service, an infinity pool and a
Dallas is all about.full-service spa, are found here.
Whether you enjoy Uptown’s trendy, urbanJust some of the other Dallas condo gems to be
district with chic restaurants and high-profilehad include: Azure, which is built upon 15 acres and
developments, or the art galleries, retail shoppingfeatures 10, open floor plans with a luxurious,
and efficient transportation of the DowntownEuropean design; Mercer Square, which is located
area, luxury condominiums are catering to young,just minutes from Downtown and boasts modern
urban professionals and empty nesters searchingarchitecture and magnificent, Dallas views; and the
for their slice of the condominium pie. AndSorrento, which is located in North Dallas and
condominium developers are not shy when itfeatures resort-style amenities and up to 2,890
comes to catering to their residents. Twelve footsquare feet of living space.
ceilings, hardwood floors, gourmet kitchens andAccording to Downtown Dallas, the number of
stainless steel appliances are the norm. It’snew residences built within one mile of Dallas’
those other resort-style amenities, like privatecentral business district area has increased
movie theaters, state-of-the-art fitness centersfive-fold over the last ten years. And based on
and acclaimed gourmet restaurants thatthe cranes hanging out all over Dallas, it looks like
developers are bringing to the table in hopes ofthe boom is here to stay.
standing apart from the crowd.