Major Financing Secured for Luxurious Rosewood Residences in Dallas

News Summary

University Place Asset Management and Axonic Capital have secured $97.5 million in financing for the Rosewood Residences Turtle Creek project in Dallas. This funding will refinance construction loans and provide capital for completion. The 17-story luxury condominium development features 33 units, high-end amenities, and is strategically located in the upscale Turtle Creek neighborhood. As the project advances, strong sales reflect rising demand for luxury living in Dallas. With a projected completion date of summer 2026, this development is set to redefine luxury residential options in the area.

University Place Asset Management and Axonic Capital Provide $97.5M for Rosewood Residences Turtle Creek

Developers of the luxurious Rosewood Residences Turtle Creek in Dallas have received a significant boost in the form of a $97.5 million senior construction loan from University Place Asset Management (UPLAM) and Axonic Capital LLC. This financing aims to refinance the current construction loan, replenish interest reserves, and cover additional costs to finalize the project.

Luxury Condominiums in a Prime Location

Located in the historic Turtle Creek neighborhood, the Rosewood Residences is set to become a noteworthy addition to the Dallas skyline. The development boasts a stunning 17-story building containing 33 ultra-luxury condominiums with living spaces ranging from 2,000 to 6,380 square feet. As of now, the project has recently topped out, reaching its full height, which signifies a major milestone in the construction timeline.

Strong Sales and Unique Amenities

Sales for the units have already begun and reports indicate that they are exceptionally strong, attracting interest from both local and international luxury homebuyers. Beyond its prime real estate, the Rosewood Residences offers various high-end amenities designed to enhance residents’ living experiences. Features include a rooftop oasis with an infinity pool, a private garden, and a private dining room. Additionally, amenities such as a secure dog park, a pet spa, valet services, and EV charging stations make this project particularly appealing.

Future-Oriented Design and Development

The architects behind this extravagant development are Lucien Lagrange, with interior design managed by Dan Fink Studio. The building is strategically located at 3555 Dickason Ave., near key thoroughfares such as Turtle Creek Boulevard and the Dallas North Tollway. The project’s completion is anticipated for summer 2026, adding a valuable real estate option to the growing luxury market in Dallas.

A Growing Luxury Trend in Dallas

The Rosewood Residences Turtle Creek project is not an isolated concept but part of a larger trend towards luxury living in the Dallas area. Other developments, such as Vivante Turtle Creek and the Mirra apartments, serve as counterpart projects enhancing the vibrancy of the luxury housing market in the city. The increasing migration to Dallas from places like California, Florida, and New York is contributing to the heightened demand for upscale residential options.

Management by Rosewood Hotels & Resorts

The property will be managed by Rosewood Hotels & Resorts, which has a strong track record in launching luxury residences, including the acclaimed Rosewood Residences Beverly Hills. Moreover, Rosewood has other projects in development in Naples and Miami Beach, signaling a decisive commitment to upscale living across various locations.

Conclusion

With the infusion of financing from UPLAM and Axonic Capital, the Rosewood Residences Turtle Creek is poised to redefine luxury condominium living in Dallas. From its striking architecture and high-end amenities to its prime location and strong sales momentum, the project embodies the future of luxury real estate in a city experiencing unprecedented growth and demand.

For those interested in learning more about this development, a dedicated website for the Rosewood Residences Turtle Creek offers additional information.

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Additional Resources

• Multi-Housing News
• Dallas News: Rosewood Residences
• Paper City Magazine
• Candy’s Dirt
• Salon Privé Magazine
• Wikipedia: Luxury Condominium
• Google Search: Rosewood Residences Dallas
• Google Scholar: Dallas Real Estate Market
• Encyclopedia Britannica: Luxury Real Estate
• Google News: Dallas Luxury Condos