Tuesday Two Hundred: Own a Piece of the Dallas Skyline for Only $199,900

Published March 14, 2012 by Candy Evans

Update 11:54 pm: I’m told the building is completely sold out, as a developer in 2005 revamped it. No active foreclosures but like life anywhere, you can never say never.

This unit at the historic Santa Fe Terminal Building #2 , also known as “SoCo Urban Lofts” at 1122 Jackson #1006, is being billed as the most unique loft in downtown Dallas. You know, I think they have something! It’s a 3-story, 1173 square ft., open floor plan – loft! – with bedroom alcove, one knocked out bath, it’s own private rooftop terrace and a (condo) rooftop swimming pool on the 10th floor. In fact, it’s the only non-penthouse unit in the building that extends up to penthouse level. The top two floors create a box on top of the building that can be etched out and recognized on the Dallas skyline, even with binoculars. There you are at a party, having drinks at The Ritz: you point over to BofA Plaza and say, see that, that is my loft! Once inside, you have the exposed 90 year old brick, polished original wood floors and loft ladders as in any SoHo or Bowery loft.

Building #2 was known as the Garment Center, 10-story warehouses in light brown brick with open spaces and concrete columns housing offices and showrooms for manufacturing companies, chemical companies, and building supplies. A 2-story structure was added on the roof that once held the University Club, an exclusive private club for men. A skybridge once conveniently connected Santa Fe Building No.1 with the clubhouse. Radio station WFAA moved into and turned the former University Club space into a broadcast station in 1940.

But here’s the good news: this home comes renovated to the nines. The owner took it down to studs to gut for a personal home, then did not move in. So you’ve guessed it: you get higher-grade finish out than what Joe. Q. investor/flipper might put in. Check out this PC/Preston Hollow-worthy kitchen with stainless appliances, custom cabinetry, granite, and designer fixtures. The bath is spa-like, and the entire home boasts incredible acid-etched concrete floors where there is no wood. Young single or newlyweds, bingo, but I am also thinking a great empty nester urban retreat at a fraction of the price of many downtown condos, even the soon-to-be discounted The House. Hmmm… let’s look at what you get: 24 hour security, gated, attached parking garage. There are 202 units in this building, at least half are sold and no foreclosures, I’m told.  The new Omni is right next door. Seriously, folks, this would make a great urban second home and I should hold a contest to make you guess the dues but no, no one would ever get it: $422 a month. That’s what, $.36 a square foot? Did I do my math right?

 

— Daily Local Real Estate Dish By Dallas Real Estate Insider — Candy Evans at CandysDirt.com