Dallas Business Journal [Original Article]
February 8, 2018
Dallas-based Crescent Real Estate LLC and luxury home builder Platinum Homes recently formed a partnership to complete the final phase of Regency Row at The Tower Residences at The Ritz-Carlton Dallas.
Construction on the Robert A.M. Stern-designed brownstone-inspired homes is slated to begin this spring.
Platinum Homes, led by CEO Mark Molthan, was selected to complete Crescent's vision for Regency Row based off the firm's design aesthetic, attention to detail and talent in creating custom-tailored homes, said Crescent Real Estate Chairman John Goff.
Goff added it was an easy decision to have Platinum Homes complete the remaining Regency Row homes, which range in size from 5,300 square feet to 6,300 square feet.
Each of the homes facing Olive Street at Cedar Springs Road have private garages, fully-landscaped courtyard entrances and personal elevators from the garages to a rooftop terrace.
The builder, which has been working in the Park Cities for nearly two decades, will oversee the interior construction of the remaining homes. Laura Kirar and Allen Kirsch are the interior designers on the town homes.
One of the homes will feature a translucent wine cellar to give off a warm glow of light in the first three levels of the home. Another house has a floating stairwell.
Molthan said the residences give would-be buyers the ability to create a dream house in a prominent neighborhood with little available supply.
Crescent Real Estate recently completed a $33 million renovation to The Crescent, a mixed-use development in Uptown. Crescent and its affiliates are also nearing completion on a $30 million renovation to Hotel Crescent Court.
Goff said these amenities will help support the ultra-luxury brownstone residences upon completion.
"The bottom line is that the value of Regency Row is now fully realized," he said, adding buyers will be able to take advantage of the neighborhood and all the amenities located between Crescent Court and The Ritz-Carlton, including the McKinney & Olive tower.
Kyle Crews of Dallas-based Allie Beth Allman & Associates is the listing agent for The Tower Residences and Regency Row. The new homes could be priced from $5.5 million to $6.5 million upon completion.
Construction on the homes is slated for completion by this fall.