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A central hub for market and real estate news affecting the Dallas region.



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At Home in the City: Interest in Uptown/Downtown Flourishes

September 25th, 2013 | by The Update
At-Home-in-the-City-Interest-in-Uptown-Downtown-Flourishes.jpg

Luxury high rises such as Museum Tower are attracting homeowners who are excited to live near Dallas’ dining, entertainment and arts venues.

Across the country, hip, urban neighborhoods are the hot, new destination for adults looking to enjoy their post-parenting years. Today, more adults in their 50s and 60s are giving up their longtime homes in favor of beautiful condominiums with prestigious city addresses, according to a recent article by the Wall Street Journal.

This trend is reflected in the Dallas market where the Uptown/Downtown area has seen high rise sales increase 64 percent over the same period of 2012 for total sales of $700 million. 

Sales prices in the same timeframe rose by more than 38 percent. “We are seeing dynamic growth in Uptown/Downtown and in fact our sales are up 115 percent over last year in this area,” said Robbie Briggs, CEO and president of Briggs Freeman Sotheby’s International Realty.

Luxury high rises such as Museum Tower are attracting homeowners who are excited about living in proximity to dining, entertainment and arts venues. Since May 2013, there have been 40 sales of properties over $1 million.  Museum Tower generated six sales over $2 million in just the last three months.

“All the great planning by the leaders of Dallas that has brought us the Arts District and Klyde Warren Park has created a diverse and vibrant environment that is attracting buyers to buildings like Museum Tower,” according to Briggs.

For information or a tour, visit the Museum Tower Sales Gallery, 1918 Olive St., or contact the Sales Gallery at 214.954.1234 or museumtowerdallas.com.

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