Tuesday, October 4, 2022 Oct 4, 2022
66° F Dallas, TX
Commercial Real Estate

Cushman & Wakefield Lists Potential $250 Million Development Site Near Uptown

Developers have looked at Turtle Creek Gardens for years, but nothing has moved forward.
By |

A Turtle Creek condo complex has hit the market with land prime for redevelopment.

The Turtle Creek Condominiums Homeowner’s Association has hired commercial real estate firm, Cushman & Wakefield, to sell the 4.5-acre property located in Dallas’ affluent Oak Lawn/Turtle Creek District.

The property could accommodate a new development valued at more than $250 million.

“The property is situated in one of Dallas’ most exclusive urban districts, adjacent to some of the highest-valued real estate in all of North Texas, including the Rosewood Mansion and Mandarin Oriental hotels,” said Chris Harden, who is marketing the property along with Cushman & Wakefield’s Ryan Duffie, Ben Fuller, and John Carr.

In-place zoning allows for a variety of uses, including hotel, office, multifamily, and retail—with, at max, a 240-foot tall building height with up to 871,505 square feet.

“As one of the only available tracts remaining in the Turtle Creek / Uptown submarket, 2525 Turtle Creek Blvd. presents a rare opportunity for a developer looking to establish a significant position in the Dallas market,” said Duffie.

Built in the 1960s, Turtle Creek Gardens currently includes 108 condo units—some of which have recently been listed for sale around $350,000 and up.

The property next door—Republic Insurance’s former headquarters, has already been cleared for high-rise development, and a Canadian developer owns another adjacent site that’s planned for a residential towner.

Related Articles

CRE Opinion

What Working Attitude Will Lead Us Through 2020?

From experience, there are several leadership skills that represent a working attitude which can transcend the noise, says Cushman & Wakefield's Brad Blankenship.
Commercial Real Estate

Cushman & Wakefield CEO Brett White to Step Down

The firm's global president, John Forrester, will become chief executive at the start of the new year. 
CRE Opinion

Data Center Supply Chain Struggles

Cushman & Wakefield Data Center Advisory Group exec Ali Greenwood says it's time to make a strategic capacity plan.
By Ali Greenwood