Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Lists Rare ±4.5-Acre Urban In-Fill Development Site in High Barrier-to-Entry Dallas Submarket

Cushman & Wakefield has listed 2525 Turtle Creek Blvd. near Uptown Dallas, a 4.5-acre development site for sale on behalf of the Turtle Creek Gardens Condominiums Homeowner’s Association. Chris Harden and Ryan Duffie of Cushman & Wakefield’s Dallas office, along with Ben Fuller and John Carr of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group are representing the seller in the disposition.

Turtle Creek

(Rendering courtesy of VLK Architects)

The property is located in the Oak Lawn / Turtle Creek district, which is one of Dallas’ most affluent and densely populated areas, with an average household income of more than $133,000, significantly higher than the national average and projected population growth of 15% over the next five years. While the area has seen a surge in high-rise development activity, employment growth continues at such a robust pace that high-density developments are still in high demand.

“The property is situated in one of Dallas’ most exclusive urban districts, adjacent to some of the highest valued real estate in all of North Texas, including the Rosewood Mansion and Mandarin Oriental hotels,” Harden said. “Combined with the growing affluent population in this submarket, this is a generational, ‘build-to-core’ development opportunity.” 

Built in the 1960s the property currently includes 108 condo units and with strong potential for high density residential development. The in-place zoning is one of Dallas’ most favorable zoning designations, allowing for a variety of uses including hotel, office, multifamily, age-restricted and retail with a 240-foot max building height and up to a 4.5 to 1 Floor Area Ratio (FAR), yielding a maximum floor area of approximately 871,505 square feet. This high-density zoning provides an efficient path forward without requiring any additional zoning approvals.

“As one of the only available tracts remaining in the Turtle Creek / Uptown submarket, 2525 Turtle Creek Blvd. presents a rare opportunity for a developer looking to establish a significant position in the Dallas market,” Duffie said.

The property is conveniently located less than a mile from the Dallas North Tollway and Interstate 35, allowing direct access to Dallas Love Field Airport less than four miles away. The 3.5-mile Katy Trail is located at the front door of the property, providing easy bike and pedestrian access to some of Dallas’ most popular locations as well as Victory Station, which is served by the Green & Orange lines. Additionally, the Property provides a unique park-side setting to Turtle Creek Parkway, a 90-acre urban park.

“Across the Sunbelt we are witnessing a flight to quality and a steady confidence in the multifamily asset class,” Fuller added. “Class A+ product demanding rents north of $3.00 PSF and located near major employment centers will benefit in a new capital markets world. 2525 Turtle Creek checks all the boxes, and we predict to see some new companies capable of high-rise development entering the market with this true urban in-fill site.

In 2019, Cushman & Wakefield ranked No. 1 for U.S. Raw Land Sales by Real Estate Alert brokering $1.7 billion of the U.S. total of $5.2 billion of transactions, representing a 33.4% market share. Additionally, Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019 (Source: Real Capital Analytics. Market share reflects sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit or follow @CushWake External Link on Twitter.

Cushman & Wakefield Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Americas PR Content Manager • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's Central region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All