New Projects
The landscape of North Oak Cliff is rapidly changing. Upon the announcement of the Trinity River Project, developers flocked to the untapped area known as North Oak Cliff. The availability of low cost land, coupled with the high demand for more affordable new construction spurred what is now becoming known as the "New Oak Cliff". To further insent new developments, the city of Dallas created tax incentive programs, giving developers tax credits to help defer the cost of construction and provide lower cost homes to residences. New development creates the density and tax base needed to entice new restaurants and retailers that have been long sought after by the North Oak Cliff community. Many projects are either complete or underway, and several are just now being announced. The success of these developments has led to the opening of several award winning restaurants and has created an environment for new retailers and business owners to come to Oak Cliff.
INCAP, headed by Alan McDonald, is a real estate investment fund that invests in and develops America's inner cities. Their experience and understanding of the urban landscape allows them to provide builders and developers with a consistent source of urban land opportunities combined with a structured capital solution for development. INCAP has already acquired several tracts of land and has partnered with local developers, such as Matt Holley of Kessler Woods, to bring more high quality, density sensitive and architecturally significant new construction condominiums, town homes and single family residences. Their plan is to replace older, non-performing apartment complexes and replace these rental units that are in various states of decay.
Other local developers, such as Monty Anderson of the Belmont Hotel, David Spence with Good Space, Dick Sieb and Jim Moore are currently underway to provide more quality residences and mix used developments.
Lake Cliff Tower
Constructed between 1928 and 1932, the former Cliff Towers Hotel defined glamour and comfort, while offering convenient access to downtown Dallas. Today, a complete renovation combines luxury, history and style, as this twelve story architectural gem has regained its former glory. The exterior has been preserved and restored, while the interior and grounds have been completely updated to reflect a more modern, urban lifestyle. The New lake Cliff Tower features 54 loft style condominiums with unobstructed, unparalleled views of downtown Dallas, the Trinity River, and scenic Lake Cliff and Founders Park. Amenities include 24 hour concierge, swimming pool, media room and wine cellar. One and two bedroom residences are available, with prices ranging from $185,000 to $600,000.
Status: Available
329 E. Colorado (Google map)
Trinity Townhomes
Trinity Townhomes, one of the most successful townhome projects in Dallas, is located right on the banks of the Trinity River and is adjacent to one of North Oak Cliff's most coveted neighborhoods, East Kessler. Brought to you by Dallas' premier boutique builder, Metro Townhomes, this 24 unit townhome project features an understated contemporary design with unique, carefully selected finishes that come standard with each residence. Three levels of luxury living include state of the art kitchens, balconies and roof top decks with downtown views, and open floor plans ideal for entertaining. Trinity Townhomes is the first new construction townhome project in North Oak Cliff and was completely sold out prior to the completion of the project. Approximately 2000 square feet, the prices range from $350,000 to $475,000. Metro Townhomes has recently announced the start of Phase II, which will feature larger floor plans (2200 - 2400 square feet) and are expected to range in price from $425,000 to $550,000. Construction is expected to start early 2008 and reservations are now being taken.
Status: Phase I sold out; Phase II now taking reservations
Kessler Woods
Perhaps one of the nation's most talked about contemporary developments, the highly publicized Kessler Woods is a uniquely designed 30 home enclave of single family homes offering sophisticated architecture inspired by the work of revered mid century masters Frank Loyd Wright and Joseph Eichler. With lot sizes ranging from 7500 SqFt to _ acre, these residences have been uniquely designed specifically for each lot to maximize views and privacy. A team of award winning architects, such as Cliff Welch, Patrick Buchannan and Patrick Hammers, have collaborated to deliver high quality contemporary homes which feature the latest in technology as well as floor plans and amenities that fit today's lifestyle, while also utilizing a material pallet reflective of mid century architecture. Custom homes start at approximately $750,000 and can go over $1,500,000. Individual lot prices range from $200,000 to $350,000.
Status: Select lots and spec homes remaining; Phase III coming soon
810 N. Oak Cliff Blvd (Google map)
Kessler Springs
Jim Moore with Urban Innovations brings to the area an exclusive traditional enclave of single family homes. Nestled in the historic Kessler Park setting, Kessler Springs represents history and captivating scenery of the area. A mix of Mediterranean, California contemporary and Texas Hill Country architecture, these homes range from 2500-3200 Sq Ft and start at $725,000.
Status: Homes Available
619 Kessler Lake Drive (Google Map)
Bishop Square
Perry Homes, a large builder known throughout Texas, successfully sold out 14 townhomes located across from Methodist Hospital and just down the street from the Bishop Arts District. Fully equipped 2 story townhomes with ample sized patios ranged in size from 2100 - 2800 Sq Ft and were priced from $280,000 to $350,000.
Status: sold out
1207 Bishop Ave (Google map)
Bishop Arts Plaza and Lofts
North Oak Cliff's first mixed use new development is now underway. A 10-unit complex consisting of two and three bedroom luxury loft style townhomes will be set atop a neighborhood retail strip right across from Methodist hospital and within walking distance from the Bishop Arts nightlife. Units will feature a cutting edge contemporary design and will feature 10-20 foot ceilings, contemporary state of the art kitchens, spacious balconies, gated parking and private elevators to residences. Residences are expected to be 1800-1930 Sq Ft and should range in pricing from $290,000 - $350,000.
Status: now taking reservations
1222 N. Bishop Ave (Google map)