Search
 

SNK Realty Lays Out Plan for Uptown Condo Tower

DALLAS-The developer, now negotiating with equity partners, will scrape the full city block this summer. The 24-story tower, with 289 condos, will rise in late Q4 or early 2008.

By Connie Gore | Updated on July 11, 2007

(Read more on the multifamily market.)

DALLAS-With a $250-million pipeline at work, SNK Realty Group is eyeing a year-end groundbreaking on a 24-story condo tower in the heart of Uptown. The Phoenix-based developer has jump-started talks with potential joint venture partners to meet the groundbreaking target.

SNK plans to lock in its joint venture partner before vertical work begins on the 2500 McKinney Ave. block, bounded by Fairmount, State and Routh streets. “There are just a handful of candidates that we’re negotiating with right now,” SNK’s founder and CEO Hal Watson tells GlobeSt.com. He confirms that the buy-in opportunity went on the desks of a select few rather than wage a full-blown search for an equity partner.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.