DMagazine | July 6, 2021
One Uptown: Your Condo Is Ready For Purchase
The tight real estate market in Dallas has hit every price point and neighborhood, including the already competitive Uptown market. A boom in activity and a lack of inventory continue to compete, and buyers in search of the perfect place to call home are growing wary as their options become more limited. When the owners of One Uptown made the decision to transition this iconic upscale building from rented units to for-purchase luxury condos, Dallas could almost hear a collective sigh of relief from buyers in search of owning a piece of Uptown’s trademark lock-and-leave, amenity-filled lifestyle.
“Real estate professionals are craving inventory for their buyers, whether they are local or relocating from out of state,” says Fernando Gonzalez, vice president of Al Coker and Associates. “Recently, we have been looking at a three-month supply of inventory, which puts Dallas at a dangerously low level from a real estate perspective. With One Uptown, we have added 196 for-purchase luxury condos to the market, which has been a relief for both real estate professionals and discerning buyers.”
Perhaps one of One Uptown’s best amenities is that its luxury condos are available for purchase today. “This is an existing property and is ready to go,” Gonzalez says. “One Uptown was built over three years ago and is still new and fresh. Unlike many projects in the area, buyers don’t have to hold on for two years during construction. The fact that this is an immediate buy is exciting.”
One Uptown, located at the corner of McKinney Avenue and Routh Street, is in the heart of it all and unarguably one of Dallas’ premier living experiences. It has been custom-designed to embody the vivacious spirit of the Uptown neighborhood. This first-class residence includes 20 stories of artfully inspired modern architecture, elegantly distinguished by its curved facade. Homeowners love the floor-to-ceiling glass windows that reflect the ever-changing palette created by the dramatic Texas sky—a one-of-a-kind piece of art for their homes every day. “This is an unparalleled location that can’t be reproduced,” Gonzalez says. “The world is your oyster; Uptown is your living room.”
One Uptown is the creation of visionary developers, award-winning designers, and renowned Dallas architect Phillip Shepperd. With one common vision, they carefully crafted a stunning, one-of-a-kind Uptown icon that fully complements the lux lifestyles of its residents. One Uptown holds the highest walkability score in the city–destination dining, Whole Foods, shopping, and entertainment are all steps away.
“The world is your oyster; Uptown is your living room.”
One Uptown’s price points have been attractive to a range of buyers, a welcome perk in this tough market. “A smaller one-bedroom starts at $269,000 and condos increase in size and price to a $2.5 million penthouse,” Gonzalez says. “The price cannot be matched, with land and construction costs at 20 to 25 percent higher now in this area. The location, price point, and low-interest rates have created a desirable perfect storm. It’s a great time to buy, especially for first-time buyers looking to get established and put their money to work in a real estate investment.”
Yes, you’ll own your home in One Uptown, but it won’t come with the hassles that are often connected to homeownership. Imagine an extended vacation at an upscale boutique resort. One Uptown is the home you’ll never want to leave, offering unlimited access to elite amenities, world-class service, and all the vibrant Uptown scene has to offer. Among the amenities homeowners enjoy:
-Unparalleled location for walkability and convenience. Employment centers, shopping, recreation, and entertainment are all nearby.
-Two fine dining restaurants located on-site, Bisou and Fogo de Chao
-Rooftop pool, SkyLounge with billiard table, HD TVs, and catering kitchen for exclusive resident use and entertaining. Outdoor grilling stations, cabanas, and firepit with panoramic views.
-Second-floor amenity deck with glass-bottomed pool, cabanas, and gazabo
-Coffee bar and Internet café
-Fitness center with Peloton bikes, Technogym equipment, towel service, water bar, and cool-down lounge
-Private pet park with mister fans, speakers, and pet grooming/bathing station
-Two fully furnished overnight guest suites
-Professional on-site management with 24-hour concierge/door presence and overnight courtesy officer
-Electric car stations and assigned, well-lit underground parking
-Hospitality grade keyless entry systems
Then there are the homes themselves. Buyers will enjoy being surrounded by modern architectural excellence designed by Phillip Shepard, who also designed The Crescent. Quartz kitchen countertops and bathroom vanities, Merillat soft-close cabinetry, GE stainless steel luxury appliances, full-size GE washers and dryers, engineered hardwood floors, walk-in showers, soaring ceilings, LED lighting, walk-in closets with shelving systems, and private balconies are standard in most homes.
“If we were to build this building today, it would cost at least 30 percent more,” Gonzalez says. “This is why it is such a rare opportunity. The prices (of homes) will continue to climb in Dallas, especially in Uptown, as we become a more populous metropolitan area. A beautiful building, a desirable location on McKinney Avenue with downtown and the Arts District nearby, and great price point make this is a truly unique property.”
For more information on One Uptown, visit www.oneuptown.com.