Urban-style apartments going up near SMU

smupony94 · Post by **smupony94** » Wed Dec 31, 2008 12:23 pm

Urban-style apartments going up near SMU

10:36 AM CST on Wednesday, December 31, 2008

By STEVE BROWN / The Dallas Morning News
[email protected]

Developers have broken ground on an urban-style apartment complex that will set the tone for a neighborhood makeover.

The 55-unit Shelby project is going up on SMU Boulevard just east of North Central Expressway. It├â┬ó├óΓÇÜ┬¼├óΓÇ₧┬ós the first of a string of projects planned for the area adjoining DART├â┬ó├óΓÇÜ┬¼├óΓÇ₧┬ós commuter rail line and near Southern Methodist University.

The 5-story building will include about 3,500 square-feet of ground floor retail space.

The project will be aimed at ├â┬ó├óΓÇÜ┬¼├àΓÇ£young professionals who will benefit from a centralized location near SMU, the Park Cities, and the light rail system at Mockingbird Station,├â┬ó├óΓÇÜ┬¼

RGV Pony · Post by **RGV Pony** » Wed Dec 31, 2008 12:31 pm

I think I saw where these are going to be as I looked out the window at Lifetime yesterday. There's a Kroger down there too, right?

MrMustang1965 · Post by **MrMustang1965** » Wed Dec 31, 2008 1:37 pm

RGV Pony wrote:I think I saw where these are going to be as I looked out the window at Lifetime yesterday. There's a Kroger down there too, right?

Yep, just to the south of where these are being built.

Eddie P · Post by **Eddie P** » Fri Jan 02, 2009 12:54 am

Juds a good man. I will ask him what he meant by that 178/sf rent rate. You can't get that in uptown proper...how you achieve that in blue collar heaven is beyond me. Let's build another phoenix...we all know how well that did.

smupony94 · Post by **smupony94** » Fri Jan 02, 2009 9:50 am

Eddie P wrote:Juds a good man. I will ask him what he meant by that 178/sf rent rate. You can't get that in uptown proper...how you achieve that in blue collar heaven is beyond me. Let's build another phoenix...we all know how well that did.

Or $250-$300 per foot for the Palomar lofts that are not selling

Mexmustang · Post by **Mexmustang** » Fri Jan 02, 2009 10:04 am

Its been a few years since paying rent for my SMU students, but $2,500 for a single bedroom 1350-1400 sq ft seems high, or am I wrong? or are they packing 1-2 more bedrooms into that no.?

couch 'em · Post by **couch 'em** » Fri Jan 02, 2009 11:55 am

Mexmustang wrote:Its been a few years since paying rent for my SMU students, but $2,500 for a single bedroom 1350-1400 sq ft seems high, or am I wrong? or are they packing 1-2 more bedrooms into that no.?

........1400 sqft is the size of a small 3 bedroom house.

Wish I had a rich daddy to pay for me to live in luxury when I was in school.

03Mustang · Post by **03Mustang** » Fri Jan 02, 2009 12:21 pm

couch 'em wrote:
Mexmustang wrote:Its been a few years since paying rent for my SMU students, but $2,500 for a single bedroom 1350-1400 sq ft seems high, or am I wrong? or are they packing 1-2 more bedrooms into that no.?
........1400 sqft is the size of a small 3 bedroom house.

Wish I had a rich daddy to pay for me to live in luxury when I was in school.

Yeah, no kidding...I love how people wonder how you "cram" a 4 person family into a 2,000 sf house, too