Friday, July 18, 2008

Some Dallas townhouses attract buyers but other projects die

The Dallas Morning News - February 8, 2008

A stone's throw from Dallas' tallest skyscrapers, builder Chris Sorrells is busy constructing a new neighborhood of urban row houses.

His Ross Avenue Brownstones are about two blocks from downtown's Arts District and will be ready next month.

"Now that people are seeing what they will look like, I'm getting a lot of interest," Mr. Sorrells said. "I believe this area of Dallas will be the next Uptown in a few years.

"But it may take a little longer because of our economy."

A few blocks away on Bryan Street, another large townhouse development has stalled. Work halted months ago, leaving unfinished utilities and concrete driveways surrounded by weeds.

That's the story in the current housing market: Some projects are moving ahead and still attracting buyers while others have been given up for dead.

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