Hasta Capital Buys Dallas Apartment Tower
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The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license. Commercial property firm Jones Lang LaSalle is marketing the tower to investors.
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Amli Residential, led by CEO Gregory Mutz, bought the high-rise in 2016, roughly three years after it was built. JLL is marketing the property as a value-add opportunity “at a significant discount to replacement cost,” the outlet reported. Nature enthusiasts will appreciate Amli Design District’s proximity to the beautiful Klyde Warren Park, a 5.2-acre public park that serves as an oasis of tranquility amidst the bustling cityscape. Nestled in the heart of the Design District, Amli offers a prime location with easy access to Uptown, Downtown, and Park Cities. Its address is one of the most sought-after in Dallas, providing residents with a seamless blend of convenience and luxury. You’ll find yourself surrounded by upscale shopping, dining, and entertainment options, making it a paradise for foodies and fashion lovers alike.
Man fatally shot near Design District, Dallas police say - Fort Worth Star-Telegram
Man fatally shot near Design District, Dallas police say.
Posted: Mon, 17 Apr 2023 07:00:00 GMT [source]
The 23-story apartment high-rise up for sale is near Victory Park.
Near Amli Design District, the 28-story Cirque apartment tower was listed about six months ago and is still on the market. The 252-unit luxury high-rise was valued at $85 million at the time of the listing. Hasta Capital bought the 314-unit AMLI Design District apartments, at 1400 Hi Line Drive near Victory Park, from AMLI. The JLL Capital Markets Investment Sales and Advisory team, led by Roberto Casas, brokered the sale. JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.
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Tip Strickland of Newmark arranged a 10-year permanent fixed-rate loan from Freddie Mac. Originally built in 2013, AMLI Design District consists of 312,806 square feet of residential space, 26,830 square feet of ground-floor retail and an expansive covered parking garage with 664 spaces. The 28-story Cirque apartment tower in Victory Park is also on the market. Built in 2008, the 252-unit building has been owned by a New York-based real estate investor since 2016. 1400 HiLine is a Dallas apartment complex with a variety of available floor plans and amenities.
It’s one of the largest residential high-rises listed for sale in North Texas. The tower was purchased by a partnership organized by international real estate investor Hasta Capital. Also in Carrollton, Virginia-based AvalonBay Communities recently purchased the Sloane Street Apartments at 4216 Sloane Street, from Billingsley Company, which developed the complex in 2016, the Dallas Morning News reported. The NRP Group has started construction on the 331-unit Diamond Flats, at 1402 Carrollton Parkway in Carrollton, in partnership with Miami-based H.I.G. Capital. Santander Bank provided construction financing; the cost wasn’t disclosed.
It is located at 1400 Hi Line Dr in Dallas and rental rates range from $1,541 to $6,884 per month. Discover schools near 1400 HiLine, analyze the costs of buying vs. renting and read what others have said about 1400 HiLine. You can also find information on commute times and other properties or homes for sale or lease near 1400 HiLine. AMLI Design District (formerly 1400 Hi Line) is the first residential high-rise to go up in Dallas's popular design district.
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This is a rental building that features a lot of amenities you would typically fine in a high-end condominium tower. For instance, there is an infinity-edge saltwater pool, a Skyline resident lounge and a nearly 1 acre elevated private park with great views of downtown. Recently named a 2023 USGBC LEED Homes Awards Outstanding Developer and Power Builder, AMLI Residential focuses on the development, acquisition and management of environmentally responsible apartment communities throughout the U.S. Founded in 1980, AMLI is owned by PRIME Property Fund, a core commingled institutional fund. AMLI owns and manages 76 apartment communities, including approximately 25,700 apartment homes, and has over 2,500 additional apartment homes under development at six new communities. Forty-eight AMLI communities are LEED®-certified and 44 communities are ENERGY STAR®-certified.
Additional proximate demand drivers include Victory Park, Uptown, the Dallas Medical District and Downtown Dallas, Harwood district, the Northend redevelopment, Klyde Warren Park and Deep Ellum. The property also is just a 20-minute drive to Dallas Fort Worth International Airport. The apartment high-rise has ground-floor retail and a sixth-floor amenity deck with swimming pool, grass courtyard and fitness center. Rents in the building, which is about 90% leased, average more than $2,400 a month.
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“This unique offering allows a potential buyer to invest in a high-rise value-add opportunity at a significant discount to replacement cost,” according to JLL’s marketing pitch.
Amli Design District contains 314 luxury units, with floor plans ranging from studios to two-bedrooms. The site also includes ground-floor retail and a sixth-floor amenity deck with a swimming pool, grass courtyard and fitness center. An Austin-based multifamily investment firm has picked up an apartment complex near Houston. Bluebird Capital Partners has purchased the 376-unit Stone Brook apartments, at 619 Rollingbrook Drive in Baytown, from Dallas-based Knightvest Capital.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
The Design District tower is one of two downtown Dallas-area apartment high-rises being marked by JLL. Since 2016, the residential high-rise at 1400 Hi Line Drive has been owned by Chicago-based Amli Residential. With offices in Mexico and Florida, Hasta Capital develops, manages and invests in apartment properties in the U.S. and Latin America, including in Florida, Maryland, Virginia, Colombia and Mexico. For more news, videos and research resources on JLL, please visit our newsroom. School information is computer generated and may not be accurate or current. Please contact the school district to determine the schools to which this property is zoned.
The 23-story Amli Design District apartment tower at 1400 Hi Line Drive was built in 2013 and includes 314 luxury rental units overlooking Stemmons Freeway. The high-rise near Victory Park has been owned by Chicago-based Amli Residential since 2016. A Minnesota-based developer has started construction on an affordable apartment complex in a suburb of Austin. LS Black Development started the 252-unit, $88 million Preserve at Mustang Creek at 1401 County Road 118 in Round Rock.
From opulent highrise apartments and a cutting-edge restaurant scene to charming downtown lofts and an eclectic arts scene, Dallas offers a delightful blend of living experiences for everyone. Dallas-Fort Worth leads the country in apartment building sales with more than 30,000 units changing hands in the first half of 2023. Amli Residential has hired JLL brokers to sell the 23-story Amli Design District apartment tower at 1400 Hi Line Drive, near the Victory Park neighborhood, the Dallas Morning News reported.
Keep reading to learn more about this exclusive highrise located in the heart of Dallas. With its remarkable growth and boundless opportunities, Dallas stands tall as one of the fastest-growing cities in the U.S. But let us assure you, this soaring success is no coincidence – it’s a testament to the city’s rich history, unique culture, and invigorating energy. It’s no surprise that Dallas is one of the top relocation destinations for young professionals!
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