Monday, April 06, 2009

Last condo is sold at SoCo Urban Lofts

It took a while to get there, but one of downtown's biggest condominium projects has sold out.

Developer Westmount Realty Capital is celebrating the sale of the last unit in the SoCo Urban Lofts building on Jackson Street.

The 203-unit residential building was built in the 1920s as a Santa Fe Railroad warehouse.

In 2005, Westmount turned the property into a residential condominium and began selling units to folks who want to live downtown.

"It took four years to sell the 203 units," Westmount CEO Cliff Booth said. "It would have been nice to sell out earlier, but we are very pleased with the project."

The units, which average just over 1,000 square feet, sold for about $170 per square foot, Booth said.

Westmount's last buyer in the building, Marie Patti, will receive a housewarming party complete with gifts from downtown merchants and a visit from dignitaries including Dallas Mayor Tom Leppert.

Patti just spent a year in Iraq with the Army.

By STEVE BROWN
The Dallas Morning News