{"id":129364,"date":"2025-08-08T15:23:19","date_gmt":"2025-08-08T15:23:19","guid":{"rendered":"https:\/\/www.europesays.com\/us\/129364\/"},"modified":"2025-08-08T15:23:19","modified_gmt":"2025-08-08T15:23:19","slug":"ultra-luxury-turtle-creek-condos-receive-100m-capital-injection","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/129364\/","title":{"rendered":"Ultra-luxury Turtle Creek condos receive $100M capital injection"},"content":{"rendered":"

A fresh injection of capital is helping materialize one of Dallas\u2019 most luxurious properties<\/a> in one of its most coveted neighborhoods.<\/p>\n

Rosewood Residences Turtle Creek, a 17-story high rise with 33 \u2014 yes, just 33 \u2014 condos received a $100 million construction loan from two New York City investment firms, University Place Asset Management and Axonic Capital.<\/p>\n

Related:Investor nabs Turtle Creek office tower and retail center<\/a><\/p>\n

The branded condos are part of Rosewood Hotel Group\u2019s first condominium project in Dallas, and floor plans range from 2,000 square feet to 6,500-square feet for penthouse units, and will cost between $3 million and $20 million.<\/p>\n

D-FW Real Estate News<\/p>\n

Get the latest real estate news you need to know.<\/p>\n

\"Rosewood<\/p>\n

Rosewood Residences Turtle Creek, a 17-story condominium tower, will have about 46 luxury residences and is planned two blocks from the landmark Mansion on Turtle Creek Hotel in Dallas.<\/p>\n

Contributed \/ Lucien Lagrange<\/p>\n

\u201cAxonic worked quickly and nimbly with the developer to provide this timely financing despite the challenging circumstances with the prior lender, ensuring that this in-demand development remains on track to be completed efficiently,\u201d said Eric Sitman, managing director at Axonic.<\/p>\n

The property suffered setbacks including construction delays and a foreclosure notice in July. Public documents don\u2019t reveal what prompted the foreclosure, simply that the entire $56 million in the original note came due. The notice names an entity tied to the project\u2019s developer, USA Infrastructure Investments as the borrower. Fort Lauderdale-based real estate investor BH3 Management was the current note holder, with the original loan issued by New York-based Kriss Capital. <\/p>\n

Despite financing snags, construction on the property is still humming along and on track to deliver by summer 2026, said developer Preston Cheng, president of USA Infrastructure Investments.<\/p>\n

Cheng did not comment about the foreclosure, but said the new loan \u2014 a markedly larger sum than the original \u2014 was to ensure the group delivered a high-quality product. <\/p>\n

In addition to refinancing the original construction loan, a statement issued noted the new loan would \u201creplenish interest reserves and provide the capital required to complete the development of the condominiums.\u201d<\/p>\n

Reservations for condos at the property have also been available since March. Cheng did not reveal the exact number of condos that have been reserved.<\/p>\n

\u201cThe building just recently topped out and sales are already exceptionally strong,\u201d Ameesh Agarwal, chief investment officer with University Place said in a statement. \u201cWe believe this is among the most luxurious residential projects in Dallas, which makes it an excellent investment in a thriving market.\u201d<\/p>\n

Marketing materials for the property note \u201cResidents of Rosewood Residences Turtle Creek enjoy exclusive access to Rosewood\u2019s world-class hotel, with daily service that rivals the luxury experience of staying at one of the Rosewood Hotel\u2019s [sic] across the world.\u201d<\/p>\n

The tower was designed by Chicago-based architect Lucien Lagrange and New York interior designer Dan Fink Studio.<\/p>\n

Amenities at Rosewood Residences include a rooftop oasis and infinity pool, a private garden, private dining room, fitness center, library dog park and pet spa.<\/p>\n","protected":false},"excerpt":{"rendered":"A fresh injection of capital is helping materialize one of Dallas\u2019 most luxurious properties in one of its…\n","protected":false},"author":3,"featured_media":129365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5135],"tags":[5229,347,1596,4329,10204,358,78943,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-129364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-america","9":"tag-article","10":"tag-dallas","11":"tag-real-estate","12":"tag-residential-real-estate","13":"tag-texas","14":"tag-turtle-creek","15":"tag-tx","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114993838035944177","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/129364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=129364"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/129364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/129365"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=129364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=129364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=129364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}