News Summary
University Place Asset Management and Axonic Capital have secured $97.5 million in financing for the Rosewood Residences Turtle Creek project in Dallas. This funding will refinance construction loans and provide capital for completion. The 17-story luxury condominium development features 33 units, high-end amenities, and is strategically located in the upscale Turtle Creek neighborhood. As the project advances, strong sales reflect rising demand for luxury living in Dallas. With a projected completion date of summer 2026, this development is set to redefine luxury residential options in the area.
Major Financing Secured for Luxurious Rosewood Residences in Dallas
University Place Asset Management (UPLAM) and Axonic Capital LLC have successfully completed a significant financing deal amounting to $97.5 million for the high-profile Rosewood Residences Turtle Creek project, located in the heart of Dallas. This considerable infusion of funds aims to refinance the existing construction loan, replenish interest reserves, and provide the additional capital necessary for the project’s completion.
Development Overview
The Rosewood Residences is set to be a luxurious condominium development in the historic Turtle Creek neighborhood of Dallas. This upscale project, spearheaded by developer One Turtle Creek LP, features a striking 17-story building that will house 33 ultra-luxury condominiums. The available units will range in size from 2,000 to 6,380 square feet, catering to the city’s most discerning buyers.
Project Progress and Sales
The development has recently celebrated a significant milestone by reaching its full height, a stage referred to as “topping out.” With construction advancing swiftly, sales for the condominiums have already commenced and are reported to be exceptionally robust, reflecting strong interest from potential homeowners.
Elite Amenities and Design
Rosewood Residences Turtle Creek is designed to offer breathtaking views of both the Dallas skyline and the peaceful Turtle Creek neighborhood. Potential buyers can expect a host of high-end amenities, including a rooftop oasis complete with an infinity pool, a private garden, a private dining area, a secure dog park, and a lavish pet spa. These features aim to create an exclusive living environment that appeals to those seeking luxury and comfort.
Strategic Development Insights
As urban living trends evolve, this project aligns with the growing demographic interest in luxurious residential options within Dallas. Industry experts highlight the appeal of the Rosewood Residences, targeting both local buyers and international luxury home seekers eager to invest in a burgeoning market.
Projected Completion and Services
The highly anticipated completion date for the Rosewood Residences Turtle Creek is projected for the summer of 2026. Residents can look forward to not just exquisite living spaces but also a range of hospitality-focused services. These services will include valet parking, security, electric vehicle (EV) charging stations, and a private residential porte-cochere, ensuring a sophisticated lifestyle for future homeowners.
Architectural Expertise and Collaboration
The architectural design of the Rosewood Residences is led by renowned architect Lucien Lagrange, with interior design overseen by Dan Fink Studio. Their collaboration is expected to result in an impressive blend of aesthetics and functionality that will set a new standard for luxury living in the area.
Location and Market Trends
Situated at 3555 Dickason Ave. near Turtle Creek Boulevard and the Dallas North Tollway, the Rosewood Residences are strategically positioned within a growing luxury community. Developments like Vivante Turtle Creek and the Mirra apartments are also reshaping the landscape of high-end living in Dallas. The project is managed by Rosewood Hotels & Resorts, an established name in luxury residential developments, also known for other successful projects such as Rosewood Residences Beverly Hills. Furthermore, the company is expanding its portfolio with additional residences planned in Naples and Miami Beach.
Broader Economic Context
The surge in luxury condominium demand throughout Dallas is also fueled by broader economic trends, as individuals from states like California, Florida, and New York continue to migrate to the area. This influx has intensified the competition for high-end living spaces, emphasizing the appealing nature of the Rosewood Residences as a prime investment opportunity.
For individuals interested in the luxurious offerings at Rosewood Residences Turtle Creek, further details are available on the project’s dedicated website.
Deeper Dive: News & Info About This Topic
Additional Resources
- Multi-Housing News
- Dallas News: Rosewood Residences
- Paper City Magazine
- Candy’s Dirt
- Salon Privé Magazine
- Wikipedia: Luxury Condominium
- Google Search: Rosewood Residences Dallas
- Google Scholar: Dallas Real Estate Market
- Encyclopedia Britannica: Luxury Real Estate
- Google News: Dallas Luxury Condos
Author: Construction FL News
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