Urban Team Dallas In The News

REAL ESTATE / HIGH-RISES Inside the New World of Dallas High-Rise Living — a Plush Luxury Palace on Edge of Highland Park Raises the Bar

Wednesday, March 20, 2019


 

REAL ESTATE / HIGH-RISES

The McKenzie Brings Refined Perks — No Renters Under 25 Allowed

BY CHRIS BALDWIN / Paper City/ 03.07.19

 

The views of a high-rise are always important. But sometimes the zip code means even more. After all, it cannot be a true luxury tower if it’s not in a neighborhood where luxury seekers love to frolic.

The McKenzie — a 22-story, 183-unit high-rise at the corner of Harvard Avenue and Tracy Street in Dallas — reflects this. This Streetlights Residential tower sits right across the street from where Highland Park begins.

Highland Park Village, Highland Park Stadium and the SMU campus are visible from some of its units.

The McKenzie also has direct access to the Katy Trail via a simple stairway. And high-end realtor Allie Beth Allman & Associates’ own plush world headquarters happens to be right across the street.

Yes, this tower takes its surrounds very seriously.

“You can access everything. But you don’t necessarily have to be in everything,” is how Sanders Avrea, vice president of Allie Beth Allman’s Urban team, puts it.

After all, The McKenzie is a refined place. Hence one of its most prominent rules: prospective tenants need to be at least 25 years old to rent here. This is not a party tower. It’s a high-rise with top level finishes and decor.

Its rents also fit into the neighborhood. Units start at $3,550 per month and go up to $18,500 per month for the stunning penthouses on the top floor. The McKenzie’s most popular apartments — its two bedrooms — range from $5,500 to $8,500 per month.

Allie Beth Allman does not typically deal with rentals. This is a firm that made its name with its clients buying and selling some of Dallas’ most lavish houses.

“The McKenzie is a good fit for us,” Avrea tells PaperCity, “because it’s essentially a high-end residential situation. We like to think of our tenants here as residents.”

With many of its first residents signing two-year leases, the feeling appears to be mutual. People moving to The McKenzie — many of whom are leaving elaborate Highland Park homes — seem to expect to stay for a good while.

Empty nesters from the nearby area who don’t need a massive house — and all the demands that come with it — are an important demographic for this new tower. In many ways, The McKenzie is built to make the transition to high-rise living an easier prospect with its much larger than average apartments.

“Our homes average 1,600 square feet — which is very high,” Avrea says. “Even our small one bedrooms start right at 1,100 square feet.”

A High-Rise Retreat

Walking around The McKenzie, with its garden room, boardroom and private studies, feels like walking around a high-end condo building or an exclusive boutique hotel. And that’s the point.

“Vertical living is still so new to Dallas,” Avrea says. “We’re just starting to see vertical living becoming a little more mainstream or acceptable.”


Soon, keeping up with the Joneses may mean going higher in Dallas.

But putting a Texan in a high-rise does not eliminate the mandate of everything needing to be bigger in Texas. Not by a long shot. Take The McKenzie’s supersized closets and storage spaces.

Understanding that storage space is very important for people who are downsizing from an impressive house, this high-rise’s closets are beyond walk in. They’re practically big enough to lounge in.

“Many of our residents have been storing the china for years,” Avrea says. “They need that space — and they’ll find it here.”

They’ll also find a third floor amenities level with a pool, fitness center, fire pits and plenty of room for entertaining. Valet and concierge service that runs 24-7, seven days a week, completes the retreat-like vibe of this tower.

Still, the finishes inside the apartments themselves — from the crown molding to the granite and marble, to the cabinets, to even the high-end Baldwin locking system — are what clearly set The McKenzie apart.

“In the ultra high-end luxury market, you can see where the separators are,” Avrea says, before he claps his hands and instructs Alexa to turn on the lights and music — and raise the shades — in a unit.

Yes, The McKenzie is as tech-savvy as a resident wants it to be. A built-in Alexa system is one option. Blackout shades are standard in all the bedrooms, reinforcing the notion that this is your own personal lair.

One where you can let the world in — or tune it completely out — depending on your mood.

This high-rise isn’t for everyone. You have to be a little more mature to embrace it. This isn’t an SMU grad student’s party tower. You also have to possess a mature bank account.

The McKenzie’s most popular units have been its two bedrooms, which range in price from $5,500 to $8,500 per month. High-rise living is changing in Dallas — and in many ways, it’s becoming even more plush.

This Dallas neighborhood is a prime place for a different type of Dallas high-rise.

One where refined luxury rather than over-the-top displays rule. Welcome to a new high life.

“As we’re starting to see more and more of these living experiences, we’re refining our approach,” Avrea says.

Perhaps the reaction of my Uber driver on pulling up The McKenzie’s drive says it all. “What celebrity lives in this building?” he asks.

Read the Article Here

The McKenzie wins Multifamily Development of the Year: High-Rise, D Magazine.

Monday, November 12, 2018


The Winners of D CEO’s 2018 Residential Real Estate Awards

Formed in 2011, StreetLights Residential has quickly become one of the nation’s most formidable multifamily developers. Co-founders Doug Chesnut and Tom Bakewell have tapped into a fast-growing market—successful young professionals and baby boomers looking for the easy-breezy lifestyle of luxury for-rent living. And they’ve picked a great place to do it; according to RentCafe, Dallas has one of the fastest-growing baby boomer renter populations in the country. StreetLight’s latest project, The McKenzie, caters specifically to that crowd. The 22-story, 183-unit residential high-rise on Harvard Avenue offers an on-site concierge and valet parking, electric vehicle charging stations, a private boardroom, a pet park and spa, a resort-style pool, fitness center, and other nice perks. Nestled within the Knox-Henderson neighborhood just east of Highland Park, it also offers easy access to the Katy Trail and a wide range of restaurants and upscale retail shops.

Read the entire article at D Magazine

 

 

$38.5 million will get you North Dallas' grandest estate

Monday, July 16, 2018


 

Steve Brown, Real Estate Editor
Dallas Morning News

Dallas' most expensive house is hitting the market again.

The landmark Crespi Estate in North Dallas - often identified with former owner Tom Hicks - is up for grabs with a $38.5 million price tag. Allie Beth Allman & Associates has the listing.

The 27,000-square-foot, 10-bedroom, 5-bath house in North Dallas has been owned since late last year by developer Mehrdad Moayedi.

 

Read the Full Article

Crescent, Platinum Homes ready final phase of residences at The Ritz-Carlton Dallas

Thursday, February 08, 2018


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.


Posh Uptown Dallas rowhouses are up for grabs for up to $6.5 million a pop

Thursday, February 08, 2018


Uptown has some of North Texas' priciest real estate.

Office buildings in the area north of downtown Dallas have fetched record high prices.

And most of the new residential units are being constructed in high-rise buildings.

So the chance to buy one of just four super-luxury homes a couple of blocks from Klyde Warren Park is likely to attract attention.

The brownstone-inspired row houses were built a decade ago along with the next door Ritz-Carlton Tower Residences. Noted architect Robert A.M. Stern, who also did the condo tower and the Ritz-Carlton Hotel, designed them.

The four- and five-story Regency Row homes face the new McKinney & Olive tower with its park, restaurant and retail center and office high-rise at Olive and Cedar Springs Road.

Crescent Real Estate, which built both projects, has hired Dallas luxury builder Platinum Homes to finish the limestone row houses, which have 5,300 to 6,300 square feet each.

The houses also have private garages and landscaped courtyard entrances and are served by private elevators.

Homes in the one-of-a-kind Uptown housing project will be priced at $5.5 million to $6.5 million each. Construction to finish out the houses will start this spring.

"Here's a chance to create the house of your dreams in one of the best neighborhoods in the nation, transforming the space from a shell into a fully customized home," Platinum's Mark Molthan said in a prepared statement.

Crescent chairman John Goff said the developer held off finishing the row houses until the McKinney & Olive project was finished.

The houses have rooftop terraces and will be finished inside in either contemporary or traditional designs. Designers Laura Kirar and Allen Kirsch are working on the project.

Click here to read the original Article:
Dallas Morning News, Feb. 8, 2018
by Steve Brown

Design your own home at The Residences at The Stoneleigh

Sunday, January 28, 2018


From Dallas Morning News, Sunday, January 28, 2018 [Download Original Article]

The Residences at the Stoneleigh offers an opportunity to design your own luxury home in a new high-rise residential building that is located between historic Turtle Creek and the energy of Uptown.

The 22-story building adjacent to the Stoneleigh Hotel has a décor that blends 19th-century French, Greek and Modern designs. Or, as the website calls it, “Hollywood Glamour meets Art Deco.”

Kyle Crews, executive vice president for Allie Beth Allman & Associates, said owners have a choice. They can design their own space working with the staff or bring their own expert designer to make the space the envy of the neighborhood. “People come through the building and say, ‘Wow! We had no idea this was so nice,’” said Crews.

More than half of the units are already sold. There are four floor plans that have 2,400 to more than 4,200 square feet of living space or you can create an even larger home, up to 15,000 square feet, by combining units. Prices range from $870,000 for shell space and $1,560,000 for designerfinished homes.

“Enjoy the ease of one of our turnkey designer-finished homes. All of the details will already be in place and you can move in right away. Work with your interior designer or turn to the creative genius of interior designer Tanya Taylor- Zimmerman to select the perfect furnishings for your new home,” said the building management.

The Stoneleigh is close to the Katy Trail, shopping areas and world-class restaurants.

Each home has one or two large balconies that “can really be used,” said Crews. They are spacious enough for furniture and entertaining friends and provide views of downtown and Turtle Creek.

The Residences at the Stoneleigh offers valet and concierge services, a dining room with a catering kitchen, a media room with an owners’ lounge and an exercise area with steam and dry sauna rooms.

Each home has its own elevator. Additional amenities include a heated pool and spa, an outdoor fireplace and grills. The building is pet friendly and includes a terrace.

One of the most exciting aspects of living at The Residences is its proximity to the hotel, said Crews. Building residents get preferred rates on all hotel services, including room service. For a tour of the Residences at the Stoneleigh, contact Crews at 214-538- 1310 or [email protected]

This State Thomas Charmer is as Loaded as a Park Cities Manse

Tuesday, November 07, 2017


2707 State Street was featured on Candy's Dirt. Click to read the article:

https://candysdirt.com/2017/11/01/state-thomas-charmer-loaded-park-cities-manse/  

Group surrounded by ‘great people, awesome properties’

Sunday, April 23, 2017


Kyle Crews formed the URBAN Group to offer residential sales and developer marketing services focused on highend luxury properties, such as The Tower Residences at The Ritz-Carlton, Dallas. His team is the exclusive listing agent for the developer. Crews has more than 25 years of developing and implementing successful marketing, public relations and advertising campaigns for international, national, regional and local clients. He shares his story here.

What is your secret to success? “Hard work and surrounding myself with great people, first and foremost Allie Beth Allman and Duke Jimerson, as well as my great URBAN Team associates,” Crews said.

How do you find/bring buyers for your listings? “We maintain extensive databases and reach out regularly the old-fashioned way, by direct mail and personal contact, as well as through new digital media, state-of-the-art websites and social media. We also deploy high-quality videos to market our properties,” he said.

In today’s market, what does it take to be successful in real estate? “Just as in past markets, we value greatly our relationships with other agents,” Crews said. “As Ebby Halliday said, ‘They call it co-operative brokerage for a reason. We should work together for the good of our clients.’” What is your highlight of 2016? “We relisted and sold several high-rise homes at The Tower Residences at The Ritz-Carlton, Dallas. These homes we initially sold several years ago to buyers and then sold them again at a nice profit for the sellers,” he said.

What motivates you? “The friendships we have forged in this business, both clients and agents,” Crews said. What is your motto? “If it is to be, it is up to me!”

The Dallas Morning News - Sunday, April 23, 2017


BombSHELLS: Ritz’s Regency Row Townhomes

Friday, February 10, 2017


URBAN Team Dallas and Regency Row Townhomes Featured In Candy's Dirt 
Read the Article

Billionaire John Goff puts his Eagle Mountain retreat in Fort Worth on auction block

Tuesday, September 08, 2015


Dallas Business Journal
Read the Article