jsoto3
06 February 2006, 12:34 AM
This project was previously announced in this unrelated thread (http://forum.dallasmetropolis.com/showthread.php?t=4141). I've driven by the site for months now seeing the sign for the website but never bothered to check it out. There's nothing on it yet, but the architect's website has renderings.
Google Map (http://maps.google.com/maps?f=q&hl=en&q=3003+carlisle+dallas&ll=32.803332,-96.803182&spn=0.003215,0.006738&t=h)
Official website: www.dfwcondo.com
Architect's webpage for project: http://www.agi-global.com/residential/
I'm not sure which is the right name (of the two in the title) for the project, the architect's website has both while the official website has neither.
Disclaimer: Considering their name has not been mentioned in any official press, Architectural Group International may not necessarily be the official contracted architect and the renderings on their website may not infact be of the actual design. This must still be confirmed.
Recap from previous thread:
High-rise condos in developers' sights
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-uptown_24bus.ART.Dallas.Edition2.139e192c.html
Firms plan to destroy Uptown office building to make way for project
12:00 AM CDT on Wednesday, August 24, 2005
By STEVE BROWN / The Dallas Morning News
Developers will tear down an Uptown office building to make way for high-rise condominiums.
Winston Capital of Dallas and Realty Capital Partners of Colleyville are teaming up to build a 15-story residential tower at 3003 Carlisle St. near Allen Street.
The developers recently bought the office building from an investment partnership, Stewart Bul, Winston Capital's director of development, said Tuesday.
"We plan to put a high-rise condo project along the Katy Trail," he said. "We like that location."
The small development site backs up to the popular pedestrian trail, giving residents direct access.
The builders have hired Architectural Group International Inc. of Dallas to design a concrete, glass and steel tower with about 120 units. "It's going to be a very sharp-looking, more contemporary tower," Mr. Bul said.
Work is set to begin on the project next spring.
The smallest condos in the building will cost between $300,000 and $350,000.
The residential tower will replace a two-story, 12,000-square-foot office built in 1975.
The sale is the latest in a series of recent transactions along Carlisle Street near Turtle Creek.
Apartment investor and developer Gables Residential Trust has bought two nearby rental communities. A third apartment complex nearby at Carlisle and Bowen is also being demolished to make way for new residential development.
E-mail stevebrown@dallasnews.com
Looks like this could be a location to see a rendering for the 3003 Carlisle proposal some day:
http://www.agi-global.com/inprogress/
Equity Group Pumps $7M Into $31M Condo Project
By Connie Gore
Last updated: September 6, 2005 09:16am
DALLAS-Realty Capital Partners Inc. has kicked in $6.8 million of equity to a $31.3-million condo project in Uptown. Ground will break on the 120-unit, 14-story tower in February 2006.
Donna Arp, president of Realty Capital Partners in Colleyville, tells GlobeSt.com that 35 investors went into the equity pool so local developer Carlisle Group LP, a single-asset partnership formed by Richard Barge, could secure the construction loan. She says the expectation is the condo project at 3003 Carlisle St. will be sold out before the three-year term runs out on the construction financing. "We anticipate the condos to sell very fast," she says.
The Katy Trail development is being priced at $300 per sf, which Arp says is low for the Uptown market. Units will average 1,150 sf.
Barge's Winston Property Development Partners LP is leading the play to develop the 39,520-sf tract, which backs up to the Katy Trail. A garden plaza is planned as the connector between the residential building and the popular 3.5-mile pedestrian and bicycle path. "It's a superb location," Arp says.
Google Map (http://maps.google.com/maps?f=q&hl=en&q=3003+carlisle+dallas&ll=32.803332,-96.803182&spn=0.003215,0.006738&t=h)
Official website: www.dfwcondo.com
Architect's webpage for project: http://www.agi-global.com/residential/
I'm not sure which is the right name (of the two in the title) for the project, the architect's website has both while the official website has neither.
Disclaimer: Considering their name has not been mentioned in any official press, Architectural Group International may not necessarily be the official contracted architect and the renderings on their website may not infact be of the actual design. This must still be confirmed.
Recap from previous thread:
High-rise condos in developers' sights
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-uptown_24bus.ART.Dallas.Edition2.139e192c.html
Firms plan to destroy Uptown office building to make way for project
12:00 AM CDT on Wednesday, August 24, 2005
By STEVE BROWN / The Dallas Morning News
Developers will tear down an Uptown office building to make way for high-rise condominiums.
Winston Capital of Dallas and Realty Capital Partners of Colleyville are teaming up to build a 15-story residential tower at 3003 Carlisle St. near Allen Street.
The developers recently bought the office building from an investment partnership, Stewart Bul, Winston Capital's director of development, said Tuesday.
"We plan to put a high-rise condo project along the Katy Trail," he said. "We like that location."
The small development site backs up to the popular pedestrian trail, giving residents direct access.
The builders have hired Architectural Group International Inc. of Dallas to design a concrete, glass and steel tower with about 120 units. "It's going to be a very sharp-looking, more contemporary tower," Mr. Bul said.
Work is set to begin on the project next spring.
The smallest condos in the building will cost between $300,000 and $350,000.
The residential tower will replace a two-story, 12,000-square-foot office built in 1975.
The sale is the latest in a series of recent transactions along Carlisle Street near Turtle Creek.
Apartment investor and developer Gables Residential Trust has bought two nearby rental communities. A third apartment complex nearby at Carlisle and Bowen is also being demolished to make way for new residential development.
E-mail stevebrown@dallasnews.com
Looks like this could be a location to see a rendering for the 3003 Carlisle proposal some day:
http://www.agi-global.com/inprogress/
Equity Group Pumps $7M Into $31M Condo Project
By Connie Gore
Last updated: September 6, 2005 09:16am
DALLAS-Realty Capital Partners Inc. has kicked in $6.8 million of equity to a $31.3-million condo project in Uptown. Ground will break on the 120-unit, 14-story tower in February 2006.
Donna Arp, president of Realty Capital Partners in Colleyville, tells GlobeSt.com that 35 investors went into the equity pool so local developer Carlisle Group LP, a single-asset partnership formed by Richard Barge, could secure the construction loan. She says the expectation is the condo project at 3003 Carlisle St. will be sold out before the three-year term runs out on the construction financing. "We anticipate the condos to sell very fast," she says.
The Katy Trail development is being priced at $300 per sf, which Arp says is low for the Uptown market. Units will average 1,150 sf.
Barge's Winston Property Development Partners LP is leading the play to develop the 39,520-sf tract, which backs up to the Katy Trail. A garden plaza is planned as the connector between the residential building and the popular 3.5-mile pedestrian and bicycle path. "It's a superb location," Arp says.