Originally built in 1961, the ±4.446 acre property consisted of 108 condominium units named Turtle Creek Gardens.  The low-density condominiums no longer constituted the property's highest and best use, as there had been an unprecedented surge in demand for high-density development in the immediate area.  The existing zoning and distinctive location allowed for multiple uses to support the trend towards live, work, play environments in walkable urban districts.  This trend, coupled with an aging inventory of luxury high-rise condominiums with rising assessment fees, and an aging wealthy population looking to downsize, fueled the demand for this Class-A luxury high-rise development site.  

With its highly sought after location and in-place, high-density, mixed-use zoning, 2525 Turtle Creek afforded investors the rare opportunity to develop a signature project in the urban core of Dallas, Texas.  One of the fastest growing economies in the United States.

Client: Turtle Creek Gardens Condominium Association
Buyer/Developer: Hanover Company
Address: 2525 Turtle Creek Blvd, Dallas, Texas 75219

Land Area: ±4.446 acres
Sold Date: June 2022

Estimated Development Value: ±250 million 
Estimate Completion Date: 2026; multi-phase 
Project Uses: Two (2) luxury residential high-rises
consisting of 664 units

 Services Provided: Land Disposition