DALLAS-The House, a luxury high-rise condo tower in Victory Park, is about to move back to condo sales.
Last year, the 28-story tower opened its doors to residents seeking a leasing option for the urban homes. The Dallas Business Journal says that option was well received, leading to a more than 70% occupancy rate—a decent figure for a luxury property that came available during the the recession in late 2009 and early 2010.
The bank-owned property is now spending $500,000 to reposition and remarket itself as condomium homes, as the condo market strengthens, the Journal says, quoting Jarrod Barnes, the Realtor leading the Dave Perry-Miller & Associates team marketing the tower.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
