PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

Apr 25, 2012

DALLAS BUSINESS JOURNAL: 1400 HI LINE WINS MULTIFAMILY RESIDENTIAL DEAL OF THE YEAR

The Dallas Design District has attracted a number of multifamily projects in recent years, but the luxury digs at 1400 Hi Line are hitting high marks for its posh upgrades and spectacular views of the Margaret Hunt Hill Bridge and Trinity River.

Houston-based PM Realty Group began scoping out the 2.5-acre Design District land in the summer of 2008 and broke ground in late 2010. The 23-story, 314-unit multifamily project, which is designed for the “renter by choice,” will open this summer with full completion set in the first quarter 2013.

The units, ranging from 600 square feet to 1,680 square feet, will rent for $1,500 to $5,000. They feature high-level finishes such as floor-to-ceiling glass, granite countertops and wood floors.

“The Design District is becoming an extension of Uptown,” said Bryant Nail, senior vice president of multifamily development at PM Realty Group. “I think we were ahead of the curve a little bit. We thought the luxury market had a void in it, and the incredible views were one of the reasons we chose it.” [Read more.]

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.