From Rental Units to Condo Ownership
A previous Masterplan project, One Uptown Tower is known throughout Dallas as a luxury rental high-rise since it first opened its doors in 2017. However, recognizing the need for quality condominiums, the building will soon become one of the first spaces in the area for deluxe condominium ownership.
Located on McKinney Avenue and Routh Street (2619 McKinney), One Uptown Tower first opened in 2017 and boasts 20 stories of rental units as well as areas for restaurants and retail shops. As far as pricing, the new condos are reported to range from $250,000 all the way up to $1.8 million and are projected to attract a younger audience of buyers.
The tower features amenities like two swimming pools, a fitness center, resident lounges including a sky lounge, a coffee bar and kitchen, along with around-the-clock concierge resources. There are even pet-friendly aspects like the four dog parks located nearby!
This conversion is expected to have fortunate outcomes due to the current housing shortage and overall trends of the housing climate. For example, recent statistics have even shown that North Texas condo sales have risen drastically, so there is a high chance of success for these condominiums. All in all, the Masterplan team is hopeful to see what the future has in store for the One Uptown Tower.
Brown, S. (2021, May 22). Uptown Dallas apartment tower will become luxury condos. Dallas News. https://www.dallasnews.com/business/real-estate/2021/05/18/uptown-dallas-apartment-tower-will-become-luxury-condos/.