Dallas High-Rise Offers Lease Purchase Options

Dallas High-Rise Offers Lease Purchase Options

DALLAS, TX - The House, a luxury high-rise condominium in Victory Park, announced it is offering an exclusive opportunity to lease a limited number of its condominium units with the option to purchase. Premier Communities, one of the leading property management companies in Dallas and a subsidiary of FirstService Corporation, also announced it will manage this limited leasing program for the 28-story building.   

“The Dallas high-rise market has shown a strong interest in this stunning luxury residential property and now you have an option to turn leasing into ownership with a significant portion of leasing costs applied to the purchase,” said Cindy Huey, Founder and CEO of Premier Communities. “This is an exceptional offer for residents who want a simplified luxury lifestyle with a very high level of service.”

The strategy aims to reintroduce the building to the Dallas market and broaden the property’s reach to potential buyers and residents. In addition to the lease to purchase option, The House also has select units available for lease only if preferred.

“We are taking a unique approach to this property because we believe in it and all signs indicate the luxury high-rise market in Dallas is rebounding,” said Jeff Morris, Managing Director, with Jones Lang LaSalle and a representative for the property’s owner, 2200 Victory, LLC. “We will ultimately maintain the property as owned units but prospective buyers will get a great opportunity to try out this lifestyle by leasing with the option to purchase.”

The House features one, two, and two bedroom + large den homes with dramatic interiors, city views and luxury five-star amenities. Floor plans are from 1,000 square feet to 2,800 square feet and leasing prices start at $2,500 per month for one bedroom and $4,500 per month for a two bedroom depending on the floor and view. The property includes amenities like high-end designer interiors, a fifth floor pool deck, Owners Lounge and concierge service.

“This is perfect timing for these to come online,” said Emily Ray-Porter, a real estate broker with Dave Perry-Miller and Associates who specializes in downtown luxury high rises. “The high-rise condo inventory is low in Dallas. We’ve seen robust sales since January and expect continued improvement.”

The House offers ready access to the Dallas North Tollway, Woodall Rodgers, Stemmons Freeway, and DART's Victory Park rail station.

Source: The House / #Condos #Dallas

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