Friday, August 16, 2013
With the Cowboys moving out of Irving, it lose its lustre with luxury buyers?
A realtor who specializes in the Las Colinas and Irving areas says no.
IRVING Will the horses of Las Colinas keep charging without the Cowboys there?
Poor, Beth Van Duyne! First the Byron Nelson announced that it will be relocating, and now the Cowboys are pulling up stakes from their Valley Ranch training facility and heading for Frisco. The Irving mayor must be having fits!
Of course, what we want to know is how all those luxury homes and condos, and all that great shopping will fare without America’s Team, which happens to be the most valuable in the NFL.
But, what about the Irving Entertainment Complex that was recently given the green light by the Irving City Council? Well, that project doesn’t exactly have a clean slate, given its history of lawsuits and he-said/she-said documents alleging all sorts of claims. So, what’s the outlook for Irving and Las Colinas?
We chatted with Brandon Calhoun, a star agent and real go-getter with Coldwell Banker DFW’s Irving/Las Colinas office. For all the turbulence in the area, Calhoun says that with all of the new units poised for sale, and with many great attractions in the area, the area will likely only feel a blip on its collective radar. Besides that, it’s not like Valley Ranch is going to disappear, either.
“I don’t see it having a big affect on the market. I still think there’s going to be a lot of attraction to the area, to Las Colinas,” Calhoun said. He’s confident that people will still be drawn to the area’s excellent value and great location, with demand for luxury homes and condos continuing to remain brisk.
“There’s a fair amount of luxury inventory — especially with the new Highland homes on Riverside in Las Colinas,” Calhoun said. Existing home inventory is low, with few people moving from the area, so Calhoun feels that with brisk traffic, more people are moving to Las Colinas than are leaving.
With the Byron Nelson and the Cowboys leaving, “it’ll slow down a little bit … but there’s still a fair amount of traffic,” Calhoun said.
Calhoun sounds pretty confident. What do you think?
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