Candy's Dirt

A condo at Victory Park's The House may be the best bang for your high-rise buck

I spent some time recently at The House, one of the sleek contemporary high-rises in Victory Park. I am more impressed than ever with the 28-story tower and the values it offers for downtown living.

The House may be the best high-rise option if you want some serious square footage with views for less than half a million dollars. But it won’t be the best bang for your buck for long: Buyers are figuring this out, and the sky homes are selling. Of 133 units, 97 have sold, and six are pending.

The House was clever enough to open up the units for lease when the market was soft, during what I call our “mini recession.” They knew the “try before you buy” strategy would net some buyers, and it has.

Unit 1105, marketed by Dave Perry-Miller’s condo dream team for $472,000, has great, unobstructed views of a slice of the West End, Reunion, Victory Park, Uptown and the Margaret Hunt Hill Bridge. (Dead-on downtown views might be found in the $700,000 range.) This residence has 1,603 square feet, one bedroom, one-and-a-half baths, study nook, and huge kitchen/living/dining area. There is also a large balcony.

The interior has coffee-stained hardwood floors, museum-finish walls, beautiful marble-decked baths and a thick marble slab in the kitchen. The kitchen sink is extra deep and sports a commercial faucet. Every House unit was equipped with Wolf and Sub-Zero kitchen appliances. There is a laundry closet for a full-size washer and dryer, and some of the best storage space I’ve seen in high-rise living.

But it’s the amenities that generally draw buyers to this building, as much as the pricing: The outside terrace boasts a 130-foot lap pool, and there’s an owners lounge, guest suite, fitness center, conference room, concierge, valet and covered parking.

The House was built in 2007, and buyers may wonder about the condition of the units that were leased and are now for sale, like this one.

“They have been refreshed completely,” says Beth Borman of Dave Perry-Miller, who leads The House sales team. In fact, it’s like getting a whole new condo.

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A version of this story originally was published on Candy’s Dirt.

The living room of unit 1105 at The House.

Photo courtesy of Dave Perry-Miller Real Estate

The living room of unit 1105 at The House.

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Anna Land Buy

Cox Family sells 116 acres in Anna for mixed-use development

Courtesy photo

Anna, Texas

A major land sale in Anna is paving the way for new mixed-use development. According to a release, Frisco-based Rockhill Capital & Investments struck a deal with the Cox Family to acquire 116 acres at County Road 371 and SH-5, approximately two miles east of US-75.

Younger Partners Executive Managing Director John St. Clair, Vice President Tyler Hemenway, and Associate Davis Willoughby represented the seller in the transaction. The sales price was not disclosed.

Rockhill will sell fully entitled tracts of land to homebuilders, multifamily, and commercial developers.

The single-family portion will be built in phases with development of 325 single-family lots, says Rockhill Chief Development Officer Brent Libby in a statement.

“Construction will likely begin early in Q2 2025,” Libby said. “We’ve already sold 82 of the 116 acres to homebuilder Taylor Morrison and they should break ground first.”

The remaining acres are already being snapped up including 9.5 acres on SH 5 that is under contract to a commercial developer, and interest from a user/developer on the remaining 24 acres, which is zoned for multifamily.

The Cox Family owned the land for decades and had received multiple offers on the property over the years, but were never ready to sell.

“Ultimately, the family wanted to capitalize on the land market before unforeseen market factors took place,” said St. Clair of Younger Partners. “This deal took place at the right time with the right buyer.”

The acquisition nvolved a lengthy zoning process to acquire the land. Rockhill created a Public Improvement District (PID) on the single-family portion of the land, which helped the deal move forward.

Rockhill already has land holdings in nearby high-growth cities of Howe, Van Alstyne, and Sherman, and it ain't stopping here.

“We’ll continue to source and acquire land in the area where we can add value through entitlements, and either develop the property or hold it for some time and exit to another developer or end user,” Libby says.

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