Centennial Real Estate Company, LLC, in partnership with Corinthian Apartment Investments and The Praedium Group, has acquired The Élan at Bluffview, a mixed-use multi-family and retail development in the heart of Dallas, Texas.
Located at 3850 W. Northwest Highway in Dallas, between Midway and Marsh, the mixed-use complex features 181 luxury one- and two-bedroom apartments with lofts ranging from 900 to 2,000 square feet. The property, which is 95 percent occupied, includes a stunning cascading pool in a private courtyard, high-end fitness center and Club Suite.
The 70,000 square feet of retail space was originally built in the 1980s and is currently 30 percent leased. It features the popular Italian restaurant Bugatti’s. The Élan at Bluffview is convenient to Northpark, the Dallas Design District and Uptown and centrally located near the prestigious Bluffview and Preston Hollow neighborhoods.
“This is a great urban infill location. Such a high quality property near Dallas' most prestigious neighborhoods provides a stellar opportunity to reposition the retail and lift it to the Élan apartments’ upscale standards,” said Centennial Real Estate CEO Steven Levin. “There is also an unprecedented opportunity for a restaurant with a spacious patio that would enjoy a view overlooking a creek and a greenbelt. There is no comparable space like this available along Northwest Highway.”
Doug Gunn, Managing Partner of Corinthian, added, “The apartments are state of the art with amenities at the top of the line. The residents are primarily working in Preston Center, downtown and the medical center area.”Visit Website