The 42-story luxury Museum Tower has been slower to take off than developers may have initially hoped. But now, five years after it started selling its high-end condo units in the Arts District of Dallas, the project has finally reached an important milestone. According to Candy’s Dirt, the project reached the significant status of having 80 percent of the units sold.

The Museum Tower project represents a turning point for high-rise living in the Downtown Dallas area. With a price point of $800 dollars per square foot, the units at Museum Tower are intended for the kind of well-heeled buyers who might otherwise look to buy in Preston Hollow or the Park Cities instead.

Some of the research by Museum Tower staff suggests that residents who buy in are likely to have multiple homes in multiple locations. Many who have bought in Museum Tower are downsizing from larger estates in places like the Park Cities.

Rendering courtesy of Museum Tower  

In addition to the easier access to nightlife that its ideal location offers, Museum Tower also provides a higher level of personalized service to residents. The highly attentive concierge staff learns the needs of the people who live there, anticipating needs in the way household staff might.

Real estate executives associated with the project say the selling points are a combination of an ideal location, gorgeous properties, and attentive and personalized service. Buyers are discovering that living in the Arts District can offer a higher standard of living than a house in the suburb. 

Interest in the luxury condos has accelerated now that Museum Tower finally reached the milestone of 80 percent sold. Executives expect the project to be 100 percent sold in the near future.