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 Secure $97.5 Million Loan for Rosewood Residences Turtle Creek

In a significant financial move, University Place Asset Management (UPLAM) and Axonic Capital LLC have recently closed a senior construction loan totaling $97.5 million for the Rosewood Residences Turtle Creek project located in the heart of Dallas. This funding will play a vital role in refinancing the existing construction loan, replenishing interest reserves, and supplying the necessary capital needed to bring the luxurious development to completion.

Project Overview

The Rosewood Residences Turtle Creek is a high-end condominium project that promises to redefine luxury living in Dallas’s historic Turtle Creek neighborhood. Developed by One Turtle Creek LP, the project recently achieved a significant milestone by topping out, indicating it has reached its full height and is now progressing towards completion. Once finalized, the development will include a stunning 17-story building featuring 33 ultra-luxury condominiums ranging in size from 2,000 to 6,380 square feet.

Location and Sales Performance

Situated at 3555 Dickason Ave., near Turtle Creek Boulevard and the Dallas North Tollway, the Rosewood Residences offer breathtaking views of the Dallas skyline and the surrounding Turtle Creek neighborhood. With sales for the condominiums now in full swing, the market response has been exceptionally strong, demonstrating a robust demand for luxury homes in the area.

Amenities and Features

The development is poised to offer a range of high-end amenities that cater to an affluent lifestyle. Residents can look forward to enjoying a rooftop oasis complete with an infinity pool, a private garden, and a private dining room. There will also be a secure dog park and a pet spa designed for residents with furry companions. Additional amenities will focus on enhancing the living experience, including valet and security services, EV charging stations, and a private residential porte-cochere.

Design and Management

The architectural vision for the Rosewood Residences has been entrusted to the talented Lucien Lagrange, while interior design services are provided by the esteemed Dan Fink Studio. The project will be managed by Rosewood Hotels & Resorts, which has a proven track record of delivering luxury residential projects, including the acclaimed Rosewood Residences Beverly Hills and upcoming developments in Naples and Miami Beach.

Market Trends

The Rosewood Residences are positioning themselves at a time when there is a noticeable shift in demographic trends, particularly among high-end buyers. The luxury condominium market in Dallas is thriving, with a clear migration of residents moving from states like California, Florida, and New York, further fueling the demand for upscale living options.

Looking Ahead

The anticipated completion date for the Rosewood Residences Turtle Creek is set for summer 2026. As part of a growing trend of luxury communities in Dallas, this project is seen as a beacon of upscale living, offering unparalleled residential options to potential buyers, both local and international.

For those interested in more information, comprehensive details are available on the dedicated website for the Rosewood Residences Turtle Creek, where prospective buyers can explore the luxury offerings of this remarkable development.

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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