Friday, August 02, 2013

Atlanta Developer is Buying Victory Tract in Dallas for New High-rise



A successful Atlanta developer that’s built high-rise residential buildings at home and in other markets is tying up a tract in Dallas’ Victory Park development.
Novare Group is buying a 1.7-acre development site on Woodall Rodgers Freeway between the new Perot Museum of of Nature and Science and the House of Blues.
The property will be used for a more than 20-story residential tower, real estate execs who are tracking the deal say.
The development site is just a block away from The House condominium tower in Victory Park.
Novare Group is currently developing a 24-story residential building in Houston called SkyHouse with 336 units.
And the company has almost identical buildings in the works for Austin and Orlando.
Read more at: Dallas News
Author: Steve Brown