The Startlegram has a great article about the exodus in the downtown market. This year only 21 units have moved, and that is about half of last years sales figures. I am really surprised that T&P lofts was able to wring out almost 100% percent sales, but I suppose they got a little bit of a head start on most projects.
The one thing that just continues to boggle my mind are all of these extremely high end units. Le Bijou, De Leon, Omni, etc. Where are all of the muli-million dollar tenants supposed to come from? I just can’t help but think that most people around Fort Worth that can afford $1MM plus homes, wouldn’t opt for a single family residence. I suppose we’ll see; but my money would be on the $200-$400k units making the most progress
