Farmers Market News

Dallas Farmers Market apartment community gets fresh new name & owners

Those are some Dallas skyline views.

Skyline Farmers' Market

An apartment community by the Dallas Farmers Market has a new owner and a new name: Formerly known as Cortland Good Latimer, it's now called Skyline Farmers Market, part of its rebranding and acquisition by SPI Advisory, a multifamily private equity firm based in Dallas.

Developed in 2016, the newly-named Skyline Farmers Market is a Class A apartment complex at 835 S. Good Latimer Expwy., a mere tomato toss from the Dallas Farmers Market.

The complex contains 340 units with upscale amenities that include chef-inspired kitchens, stainless steel appliances, walk-in closets, granite countertops, and private patios and balconies.

Community amenities include an outdoor gourmet kitchen, fitness center, resident social club, business center, pool, and last but not least, views of the Dallas skyline.

SPI principal Michael Becker says they feel optimistic about downtown Dallas' continued growth.

"The large influx of recent capital in the Farmers Market and nearby Deep Ellum along with the emergence of the new East Quarter neighborhood has us bullish on the future of the eastern side of Downtown Dallas," Becker says.

The property is not only adjacent to the Farmers Market, but also Deep Ellum and the Dallas Central Business District, with Baylor University Medical Center and Dallas Arts District not so far, either.

One sticky point is that they are using the apostrophe on Farmers' Market, which is grammatically correct. However, the actual Dallas Farmers Market has a tradition of ignoring that apostrophe, dating back many decades. Skyline Farmers' Market should be applauded for supporting correct grammar, but is it confusing to Dallas Farmers Market faithfuls who've been studiously ignoring the apostrophe all these years? UPDATE 7-27-2022: According to a spokesperson, SPI is removing the apostrophe to align with the Dallas Farmers Market.

SPI Advisory was founded in Dallas and has a second office in Austin, and specializes in multifamily real estate investments across Texas. Other properties include the 5 Mockingbird building at 5555 E. Mockingbird Ln., the Dylan on Cedar Springs Road in Dallas, and numerous other communities in Arlington, Fort Worth, Richardson, Denton, Austin, and San Antonio.

downtown

Million-dollar homes

Multi-million-dollar gated home community The Preserve rises in Frisco

Preserve

A palace on the prairie of The Preserve in Frisco

Construction has begun on a multi-million-dollar custom home community in Frisco. Called The Preserve, it's situated among PGA Frisco’s championship golf courses and near the Omni PGA Frisco Resort, with multiple phases that will roll out over the next few years.

The Preserve is part of Fields, a 2,500-acre development in North Frisco off the Dallas North Tollway. Fields is co-developed and owned in partnership with The Karahan Companies, Hunt Realty Investments alongside investors Chief Partners and Cross Tie Capital.

The development will feature retail, dining, entertainment, hotels, corporate offices, native Texas plants, flowers, trees, and 250 acres of park space. It's designed by the same team responsible for Plano’s Legacy West, led by Fehmi Karahan.

Phase 1 of The Preserve will feature 233 homes crafted by 10 North Texas luxury homebuilders: Alford Homes, Coats Homes, and Starside Builders have all begun home construction. The other seven are The Preserve Bella Custom Homes, Endurance Homes, Faulkner Perrin Custom Homes, Hawkins-Welwood Homes, Shaddock Custom Builders & Developers, Sharif & Munir Custom Homes, and Ventura Custom Homes, for whom construction will start soon.

The Preserve Frisco The Preserve in Frisco, soon to be covered with homes.The Preserve

Lot sizes range from 6,800 square feet to more than an acre. Home design options will incorporate high ceilings, open floor plans, glass walls, and seamless transitions between indoor and outdoor such as patios, infinity pools, and landscaped exteriors.

The surrounding area will have more than 2,000 new trees plus views delivered via design elements such as floor-to-ceiling windows and expansive outdoor living areas.

Many of the homes will address sustainability, health, and wellness with green architecture, energy efficiency, water conservation, and recycled building materials.

It will combine the privacy of a gated community with resort-style living, featuring amenities such as the PGA golf courses, 20+ miles of hike and bike trails, and the exclusive Brookside Club with an expansive swimming pool, state-of-the-art fitness center, tennis and pickleball courts and a playground.

Prices will start at $3,500,000.

Hunt Realty SVP Todd Watson calls it one of the most anticipated mixed-use projects in the area -- æa perfect location for discerning buyers seeking their forever home or a secondary residence" — although he's involved with the project so he's probably biased.

“As part of the Fields development, with prominent neighbors like PGA of America and the Omni PGA Frisco Resort, we know The Preserve will be one of the most sought-after addresses in North Texas," Watson says.

According to the Frisco Economic Development Corporation, Frisco’s population has increased by 500 percent in two decades and was recently recognized as the fastest growing city in Texas and third across the U.S.

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