Moving to the Dallas - Fort Worth Metroplex? Get your answers and make your buying decisions easy by using our resource guide.
| Vertical Living |
Rules and Regulations: There are many more rules and regulations in vertical living than in single-family residential properties. Buildings often have strict policies concerning visitors, pet allowance and noise levels. In certain cases, the building policies will dictate how you can decorate and/or alter your residence. While some people may find this restrictive, many people find comfort in knowing that all residents have certain standards by which they must abide. It is always advantageous to familiarize yourself with building rules and regulations, prior to purchasing a residence to determine if they comply with your lifestyle.
Fees: In addition to mortgage payments, residents in vertical living developments are subject to a variety of fee assessments. For instance, building maintenance fees may be charged on a regular basis. Special improvement fees may be assessed as needed. You may also be charged for certain amenities such as parking or concierge service. Many developments have homeowner associations (HOA) that require monthly dues to cover property upkeep, staff payroll, insurance and repairs to the building. HOA dues and any other potential fees must be disclosed before purchasing a residence, so be sure you are fully versed prior to making your decision.
WHAT’S YOUR HIGH RISE STYLE?
Before you go shopping, review the various styles of high-rise living available in Dallas to determine what’s right for your lifestyle.
— Townhomes/Brownstones
In Dallas, townhomes are usually two or three-story residences that are individually owned and interconnected. Townhomes are virtually maintenance free, conveniently located close to business centers and shopping. Prospective buyers will find an ample selection with affordable pricing, various styles and quality features. For many, townhomes provide more space and privacy as there is generally nobody living below or above you. What people like most about townhomes and brownstones are the attached garages. Oftentimes, there is a small yard for pets and entertaining. Learn more about townhomes located in the area, visit www.RelocatingToDFW.org.
— Lofts
Traditionally, lofts were situated in low-rent downtown areas. While the neighborhoods were not great, the empty spaces above were appealing to artists who needed large studio space and great light. Times have changed, these spaces are now desirable and located throughout Dallas. These characteristics identify loft living today: spaces are usually located in downtown areas or near it; spaces have high ceilings; exposed brick walls; pipes and ducts in the ceiling; few hard walls separating rooms; expansive windows; open kitchens; hardwood floors and contemporary design accents.
There are also many examples of commercial buildings converted to lofts in the Dallas region, including 1505 Elm, which was originally the Dallas Federal Savings Building. 2220 Canton Lofts are currently unique living spaces for East Dallas residents but the property was a manufacturing facility in 1925 and was known as the Olive and Meyers Building.
— High-Rise Living
Where Dallas lofts are open and airy; Dallas high-rises are sophisticated and worldly. Chances are that while waiting for your elevator, you can hear several different languages being spoken as the city is a hub for international business. One delightful surprise for many is discovering the views from upper story high-rises. Despite what many may think, Dallas is a very green city with lush green spaces and trees. One trend that is driving the move to vertical living is interest among empty-nesters to select a more maintenance-free lifestyle. With children out of the house, there is no need to do yard work, pool maintenance or gardening, leaving more time for hobbies and travel within easy access to airports. Amenities also appeal, including media rooms, concierge service, spas and lifestyle programs.
Dallas has many traditional high-rise buildings, like the Mosaic Dallas which has suites complete with solariums, balconies, or terraces. Gables Republic Tower is a 35-story mid-century icon topped by a rocket reaching for the stars — the tower is the tallest all-residential building in the city.
— Mid-Rise Developments
Mid-rise properties are defined as consisting of buildings that are of moderate height, about five to ten stories. Locally, mid-rise properties are enjoying great success because they are often located within or near single-family home neighborhoods and away from the commotion of high-traffic areas. The excellent locations, smaller buildings (from 70 to 100 units) and efficient floor plans are well suited for families seeking vertical living. In fact, several mid-rise properties are located in Highland Park, giving their children access to the coveted Highland Park ISD.
8181 Douglas Condos is a great example of a North Dallas abode with excellent public school eligibility. Also included is a gated entrance, state-of-the-art security system throughout the premises, 24-hour concierge, two passenger elevators with keyed access for each floor, and a beautifully designed swimming pool complete with waterfall.
— Condo-hotels
Condo-hotels, also known as condotels, are high-rise luxury properties similar to high-rise condominiums. The one major difference is that condo-hotel developments are owned and operated by well-known hospitality companies such as Hyatt, Hilton, Trump and Starwood. The amenities offered by condo-hotels are typically unsurpassed and include world-class dining, high-end spas, full-service concierge and numerous pools. Some owners of hotel-condos enjoy use of their residence all year round while others only occupy the space at certain times during the year. When they are not using it they can place the condo into the hotel’s rental program and receive a portion of the revenue it generates. The hotel takes care of renting and cleaning the condo as well as all other management functions. The revenue received from the rental helps to offset the high fees associated with this type of ownership.
Fees: In addition to mortgage payments, residents in vertical living developments are subject to a variety of fee assessments. For instance, building maintenance fees may be charged on a regular basis. Special improvement fees may be assessed as needed. You may also be charged for certain amenities such as parking or concierge service. Many developments have homeowner associations (HOA) that require monthly dues to cover property upkeep, staff payroll, insurance and repairs to the building. HOA dues and any other potential fees must be disclosed before purchasing a residence, so be sure you are fully versed prior to making your decision.
WHAT’S YOUR HIGH RISE STYLE?
Before you go shopping, review the various styles of high-rise living available in Dallas to determine what’s right for your lifestyle.
— Townhomes/Brownstones
In Dallas, townhomes are usually two or three-story residences that are individually owned and interconnected. Townhomes are virtually maintenance free, conveniently located close to business centers and shopping. Prospective buyers will find an ample selection with affordable pricing, various styles and quality features. For many, townhomes provide more space and privacy as there is generally nobody living below or above you. What people like most about townhomes and brownstones are the attached garages. Oftentimes, there is a small yard for pets and entertaining. Learn more about townhomes located in the area, visit www.RelocatingToDFW.org.
— Lofts
Traditionally, lofts were situated in low-rent downtown areas. While the neighborhoods were not great, the empty spaces above were appealing to artists who needed large studio space and great light. Times have changed, these spaces are now desirable and located throughout Dallas. These characteristics identify loft living today: spaces are usually located in downtown areas or near it; spaces have high ceilings; exposed brick walls; pipes and ducts in the ceiling; few hard walls separating rooms; expansive windows; open kitchens; hardwood floors and contemporary design accents.
There are also many examples of commercial buildings converted to lofts in the Dallas region, including 1505 Elm, which was originally the Dallas Federal Savings Building. 2220 Canton Lofts are currently unique living spaces for East Dallas residents but the property was a manufacturing facility in 1925 and was known as the Olive and Meyers Building.
— High-Rise Living
Where Dallas lofts are open and airy; Dallas high-rises are sophisticated and worldly. Chances are that while waiting for your elevator, you can hear several different languages being spoken as the city is a hub for international business. One delightful surprise for many is discovering the views from upper story high-rises. Despite what many may think, Dallas is a very green city with lush green spaces and trees. One trend that is driving the move to vertical living is interest among empty-nesters to select a more maintenance-free lifestyle. With children out of the house, there is no need to do yard work, pool maintenance or gardening, leaving more time for hobbies and travel within easy access to airports. Amenities also appeal, including media rooms, concierge service, spas and lifestyle programs.
Dallas has many traditional high-rise buildings, like the Mosaic Dallas which has suites complete with solariums, balconies, or terraces. Gables Republic Tower is a 35-story mid-century icon topped by a rocket reaching for the stars — the tower is the tallest all-residential building in the city.
— Mid-Rise Developments
Mid-rise properties are defined as consisting of buildings that are of moderate height, about five to ten stories. Locally, mid-rise properties are enjoying great success because they are often located within or near single-family home neighborhoods and away from the commotion of high-traffic areas. The excellent locations, smaller buildings (from 70 to 100 units) and efficient floor plans are well suited for families seeking vertical living. In fact, several mid-rise properties are located in Highland Park, giving their children access to the coveted Highland Park ISD.
8181 Douglas Condos is a great example of a North Dallas abode with excellent public school eligibility. Also included is a gated entrance, state-of-the-art security system throughout the premises, 24-hour concierge, two passenger elevators with keyed access for each floor, and a beautifully designed swimming pool complete with waterfall.
— Condo-hotels
Condo-hotels, also known as condotels, are high-rise luxury properties similar to high-rise condominiums. The one major difference is that condo-hotel developments are owned and operated by well-known hospitality companies such as Hyatt, Hilton, Trump and Starwood. The amenities offered by condo-hotels are typically unsurpassed and include world-class dining, high-end spas, full-service concierge and numerous pools. Some owners of hotel-condos enjoy use of their residence all year round while others only occupy the space at certain times during the year. When they are not using it they can place the condo into the hotel’s rental program and receive a portion of the revenue it generates. The hotel takes care of renting and cleaning the condo as well as all other management functions. The revenue received from the rental helps to offset the high fees associated with this type of ownership.
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