Hotel News

L.A. hospitality group to debut luxury brand Proper Hotels in Dallas

Proper Hotel and Residences in Austin

Photo courtesy of The Ingalls

A big name in the luxury hotel space is coming to Uptown Dallas: California-based Property Hospitality will debut Dallas Proper Hotel and Residences, a 34-story tower combining hotel and residential, set to open at 2500 Cedar Springs Rd. in 2029.

The project has been in the works since 2024 when Dallas-based Lincoln Property Company acquired the site — a rare four-acre tract in the center of town.

The arrival of Proper promises that it will be "the most significant new luxury hotel and residences development in the city in decades," according to a release, featuring architecture by Skidmore, Owings & Merrill (SOM) and interiors by Kelly Wearstler, with Proper’s signature sensibility: soulful elegance, material richness, and sense of place.

Proper Hospitality champions uncommon luxury, offering distinctive experiences in the arts, dining, and wellness. The company currently manages Proper-branded hotels in Santa Monica, Downtown Los Angeles, San Francisco, and Austin, which opened in 2019; The Shelborne By Proper in Miami; and The Collective, a portfolio of independent design-driven hotels.

"Dallas Proper brings together design, wellness, food, and a deep connection to community,” says Proper Hospitality president and co-founder Brian De Lowe. "This is more than a hotel or residential offering. It’s a fully integrated destination for how people want to live and gather today."

Proper Dallas Dallas Proper Hotel and ResidencesCourtesy rendering

Wellness center. The heart of the project is a 15,000-square-foot Wellness Center and an intimate members-only Proper Club, combining holistic therapies, fitness, and recovery, with indoor and outdoor lounges, terraces, and cultural programming.

Members-only club. The Proper Club will occupy a 6,000-square-foot social space with its own restaurant, pool, bar, lounge, and work areas, along with access to the complete Wellness Center.

Hotel. The Dallas Proper Hotel will feature approximately 200 guestrooms and suites, along with three restaurants, five bar and lounge concepts, a rooftop pool deck with skyline views, and 22,000 square feet of indoor and outdoor event space for private gatherings, brand activations, and celebrations.

Residences. On the upper floors, Dallas Proper Residences will offer approximately 80 branded homes ranging from one to four bedrooms, including a limited collection of one- and two-story penthouses with panoramic city views. Interiors by Kelly Wearstler will blend natural textures, vintage-modern influences, and signature Proper detail.

Residential owners will have access to a private rooftop pool, dining terrace, and owners’ lounge, along with access to both the Proper Club and Wellness Center.

Location. “This site gave us the rare opportunity to shape a meaningful part of Uptown,” says Lincoln Property Company co-CEO Clay Duvall. “Proper’s track record in Texas and beyond, and their approach to design, lifestyle, and wellness made them the ideal partner for creating a landmark.”

Wait list. Dallas Proper Hotel and Residences are expected to open in 2029. To join the priority interest list, visit properhotel.com/dallas-residences.

openings uptown hotels

millennial magnet

Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

Photo by Vitaly Gariev on Unsplash

Dallas is one of the 15 hottest destinations for millennials.

Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

"The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

"At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

The top 10 U.S. metros with the highest gains in millennial homeowners are:

No. 1 – North Port, Florida
No. 2 – Lakeland, Florida
No. 3 – Jacksonville, Florida
No. 4 – Stockton, California
No. 5 – Oxnard, California
No. 6 – Palm Bay, Florida
No. 7 – Austin, Texas
No. 8 – Tuscon, Arizona
No. 9 – Deltona, Florida
No. 10 – San Antonio, Texas

rentcafe study real estate housing report millennials dallas