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Novel Turtle Creek

Tnexster
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Novel Turtle Creek

Postby Tnexster » 23 Oct 2019 16:34

As Deep Ellum project wraps up, developer eyes Turtle Creek for 20-story tower

https://www.bizjournals.com/dallas/news ... creek.html

Though Charlotte, North Carolina-based developer Crescent Communities is still a few months away from finishing up work on its 231-unit Novel Deep Ellum, the company appears to already be planning its next Dallas development.

That next development could be a 20-story residential tower near Turtle Creek, according to a document submitted to the Texas Department of Licensing and Regulation.

Called Novel Turtle Creek, the tower would be located at 4223 Irving Ave. on land currently owned by AT&T. The land has not recently changed hands, according to the Dallas Central Appraisal District.

Being designed by WDG Architecture, the tower could break ground as soon as February 2020 and could cost $75 million, according to the document. No information was given about the number of units or additional features, like ground-floor retail.

Tnexster
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Re: Novel Turtle Creek

Postby Tnexster » 23 Oct 2019 16:36

Seems tall for this specific area, very close to HP.

cowboyeagle05
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Re: Novel Turtle Creek

Postby cowboyeagle05 » 23 Oct 2019 16:52

But not too far away from Street Lights which is proposing some height at the corner of Oak Lawn and Lemmon. Seems like the Oak Lawn/Lemmon area is seeing enough demand now to convince developers to propose highrises.
“Growth for the sake of growth is the ideology of the cancer cell”

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Dmkflyer
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Re: Novel Turtle Creek

Postby Dmkflyer » 23 Oct 2019 20:15

This little area is already zoned for high-rise construction

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Hannibal Lecter
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Re: Novel Turtle Creek

Postby Hannibal Lecter » 24 Oct 2019 09:21

But who would want to pay Turtle Creek prices to live on Irving Avenue? :-)

cowboyeagle05
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Re: Novel Turtle Creek

Postby cowboyeagle05 » 24 Oct 2019 10:05

The view is good and its within walking distance to Tom Thumb and Turtle Creek. A lot of the people I am seeing moving into these new buildings are brand new to Dallas. They simply want a decent view and in an area that looks kept and the view north from this tower would be mostly treetops and skyline in the other direction. The neighborhood is quiet and at the entrance of the Park Cities so it will lease just fine with Turtle Creek as part of the name. The developer will say they are in Turtle Creek and they will get away with it just fine.
“Growth for the sake of growth is the ideology of the cancer cell”

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Cbdallas
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Re: Novel Turtle Creek

Postby Cbdallas » 24 Oct 2019 10:47

Bring it on would love to see more towers on the west side of Oak Lawn. More density less Oak Lawn committee suburban zoning.

Tnexster
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Re: Novel Turtle Creek

Postby Tnexster » 24 Oct 2019 14:48

I wouldn't be surprised if this somehow gets squashed down 3-5 floors.

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dallaz
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Re: Novel Turtle Creek

Postby dallaz » 04 Mar 2020 15:15

Groundbreaking set for Oak Lawn high-rise this week


https://www.dallasnews.com/business/rea ... this-week/

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scott2
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Re: Novel Turtle Creek

Postby scott2 » 04 Mar 2020 15:35

Wow...that was really quick. The market for residential hi-rises must be better then i knew.

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eburress
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Re: Novel Turtle Creek

Postby eburress » 24 Aug 2020 10:22

Awesome! Hopefully the Eatzi's tower (Lemmon and Oak Lawn) can get started as well!

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R1070
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Re: Novel Turtle Creek

Postby R1070 » 24 Aug 2020 10:31

Yes, that’s going to be a great addition. I wish the small shopping strips across Lemmon would be redeveloped as well.

cowboyeagle05
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Re: Novel Turtle Creek

Postby cowboyeagle05 » 24 Aug 2020 14:15

I tell you this much I have noticed there has been some more movement on older smaller complexes on both sides of Lemmon. More of them are getting purchased by larger operations and renovated to compete on the lower end of the high end market. Demand isn't quite there to tear everything down but town homes and rentals are still steadily moving on both side of Lemmon on properties that are currently under valued.
“Growth for the sake of growth is the ideology of the cancer cell”

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rono3849
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Re: Novel Turtle Creek

Postby rono3849 » 24 Aug 2020 19:14

cowboyeagle05 wrote:I tell you this much I have noticed there has been some more movement on older smaller complexes on both sides of Lemmon. More of them are getting purchased by larger operations and renovated to compete on the lower end of the high end market. Demand isn't quite there to tear everything down but town homes and rentals are still steadily moving on both side of Lemmon on properties that are currently under valued.


Agreed. Lemmon Avenue has looked bad for a number of years. It once was a street with nice shops & eateries between the Tollway & Oak Lawn. Now, a few nice buildings still line the street, but there are a number of run down retail establishments & open plots of land along the way. The Eatzi's Tower pad is one ugly spot, so maybe the nice tower will eventually be built there. With retail & restaurants in the tank now, who knows if Lemmon Avenue can ever recover to return to its former glory? I do applaud Mia's on their recent move.


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