Dallas High Rise Living
The empty nest
Once the kids are off to college, it’s nice to be able to downsize to a smaller abode. “Empty-nesters want to simplify, but keep the same quality of life,” says top agent Allie Beth Allman of the eponymous brokerage.
The simple life
“It’s an outcropping of our busy schedules,” confirms Robbie Briggs, owner of Briggs-Freeman Real Estate Brokerage. “People really want a relaxing atmosphere without the yard maintenance.”
The urban lifestyle
High-rise residents relish being able to live at the heart of the city. “The city has grown and more people are migrating to its urban center,” Steve Levin, the developer of The Centrum Tower, says. “And because they travel more, they want an urban experience instead of a suburban house with yard.” There’s great appeal to stepping out the front door to restaurants, retail and the arts.
The business traveler
“Dallas is a business center and many executives are here short-term,” Mr. Briggs says. “They like the services a high-rise affords, especially the security.” Execs who relocate from other metropolitan areas are accustomed to the conveniences of condo life.
The second home
There’s an appeal to many different lifestyles: young urban professionals, empty-nesters, and also those who want keep a small space when jetting in for weekend events. As Dallas grows and offers even more venues for both business and entertainment, cosmopolitans search for a permanent part-time pad. “They may have a primary home in Sante Fe or Sonoma, notes Judy Hillier, an Ebby Halliday agent specializing in The Mayfair at Turtle Creek. “They’re looking for a place in Dallas that’s smaller and maintenance-free.”
The investment
Condo owners are building equity instead of just paying rent for urban spaces. “There’s an influx of people from out of state,” John Eschberger of LoneStar Tower says. “Texas offers the best opportunity for business, but with [housing that is] at about half the price of California.”
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Money well spent
When budgeting for a new high-rise home, the prospect of paying homeowners’ association (HOA) dues is often met with a groan. Suburban homeowners often are a little gun-shy about putting part of a monthly payment where it won’t be earning equity. Are these fees in line with the services they provide? HOA dues can simplify the resident’s life by covering expensive and time-consuming maintenance projects. Stellar amenities let them live luxe.
Safety and security
Security is the most important feature for owners – especially when the condo is the second (or third) residence. Most Dallas high-rises provide 24-hour “lock-and-leave” security with controlled-access parking. And most will hold mail, newspapers and dry cleaning while you are away.
More free time
Maintenance – or lack thereof – also is a big draw. Residents have access to top-notch community areas and never have to worry about the day-to-day repairs. The homeowner’s association at most high rises covers the building’s insurance, taxes, maintenance, security, services (like a 24-hour concierge), private elevators and some cover all the unit’s utilities. Rose Zidell, a Coldwell Banker Residential Broker for The Bonaventure, notes the property “sits on 8 acres of land and affords lakes, parks, jogging trail and a spa designed by fitness guru Ray Stern with indoor and outdoor pools, cold plunges and tennis courts.” That’s a pretty big yard, and no mowing required.
Hotel amenities
Properties like The Residences at Hotel Palomar and Stoneleigh Residences can provide condo-dwellers the same courtesy as the hotel guests. Amenities include room service and maid service, overnight guests can stay in the hotel and residents can throw parties in the hotel facilities.
Star treatment
High-rises not affiliated with hotels also offer luxury services. Perks include guest suites, valet parking, star-treatment spas and workout facilities, business centers, and even stadium-seating screening rooms. The best amenity that can’t be found in the suburbs: sweeping views of the city from terraces high above.
