ALEX PERRY
214.926.0158
[email protected]
Allie Beth Allman & Associates
With many Californians moving to the state of Texas and many others considering investing in the Lone Star State, Alex Perry, the #1 real estate agent in Texas, listing and selling the most, will be providing a monthly column giving insight into Texas real estate from all angles – living, investing, and understanding.
■ Breaking Ground: Goldman Sachs recently broke ground on its new massive campus in Uptown. Now another project kicking dirt will be for a 30-story high-rise that will house Bank of America operations. The tower will overlook Klyde Warren Park off Woodfall Rogers Freeway will be the tallest in Uptown. It will stretch more than 500,000 square feet and about 1,000 Bank of America employees currently working in its 72-story downtown tower will relocate to about half of the new property. The property is expected to open sometime in 2027.
■ Dallas Dirt Good Investment: North Texas remains near the top for the best investment in real estate. The annual ranking, Emerging Trends in Real Estate, is conducted by PricewaterhouseCoopers and the Urban Land Institute. It measures the country’s best places to develop property in the coming year. DFW came in third, behind Nashville and Phoenix. The report notes that the best investments for 2024 will be in multifamily housing, single-family housing, industrial, hotels, retail, and office.
■ Taking the Lead: DFW was among the nation’s leaders with double-digit single-family home price increases, and more than half of the homes were selling above their list price. During that same period, home prices were down in New York, Chicago, Boston, Los Angeles and other large metropolitan areas that are now seeing price gains.
■ Best in Parks: Klyde Warren Park is the jewel in the crown of downtown Dallas, and now it’s gotten some extra sparkly from USA Today. The parks has been ranked No. 5 of all city parks in the U.S. in USA Today’s 10 Best Readers’ Choice list for 2023. Perched atop a sunken freeway, this nationally acclaimed 5-acre oasis is just one of the examples of what makes Dallas’ downtown area so dynamic serving as a central gathering place for locals and visitors. The Urban residents love this vibrant and welcoming green space to play games, listen to music, take yoga, and let their pups play.
