Monday, April 06, 2015

Developer retools plans for Turtle Creek condo tower

Developers are redesigning a Turtle Creek condo tower, but the planned project will keep its modern look.
Canadian developer Great Gulf Homes has been working for several years on its planned residential high-rise at Turtle Creek Boulevard and Fairmount Street.
The 22-story building was originally planned to have about 60 condos.
But after talking with prospective buyers and rethinking its plans, Great Gulf has gone back to the drawing boards for its Ltd Edition No. 2505 project.
“They decided to redo the floorplans and have smaller units,” said Katye Sloan with Briggs-Freeman Sothebys International, who is the local marketing agent for the tower.
The smallest condos at the Turtle Creek tower will now be about 1,700 square feet. Before many of the units started around 3,000 square feet.
“It’s in response to some of the feedback we got giving presentations and the market research we did,” Sloan said.
Potential buyers from East and West Coast markets were accustomed to smaller units.
As a result of the changes, the building will now have around 80 or 90 condos and won’t start construction until next year.
“They are working with the architect to finalize the plans, then we will get the final pricing,” Sloan said. The condos will be in the $800 per square foot range, she said.
“They are not taking away the luxury of the building, but they are offering additional choices.”
The $225 million project designed by Hariri Pontarini Architects of Toronto has a curvaceous exterior of light gray masonry and glass.
Great Gulf has been working on plans for the project since 2008 when it bought the land.
Steve Brown, The Dallas Morning News