The Ivy Fills Void in Townhome Market
Larkspur Development had a target audience in mind when its leaders envisioned The Ivy, its newest townhome community in East Dallas. As a firm that is in touch with the demand created by millennial buyers, they knew there was a growing population who had outgrown their Uptown apartments but were not yet willing to settle into a house.
“We’re going after sophisticated buyers who understand design and quality, want to live in the urban core without the hassle of a house, and prefer to build equity instead of pay rent,” said Larkspur managing partner Carl Anderson.
Several of those people will begin moving into The Ivy this week. At the beginning of the year, eight of the 17 Phase I homes were available; by the beginning of this month, only one remained available.
That sales success is no doubt due to the efforts of Dave Perry-Miller Real Estate’s Nadine Meyer. But it also has to do with the high quality of the townhomes produced by Larkspur.
The project was designed by Thomas Krähenbühl & Truett Roberts, with materials and amenities that outpace anything one could find in a high-end apartment or comparable townhome.
“Each of them feels like a home,” Meyer said. “They feel permanent, as opposed to some place you’re going to stay for a year or two.”
Two- and three-bedroom floor plans are available with 1,676 square feet to 1,867 square feet. All of the townhouses boast two-car attached garages, private yards, large balconies with gas hookups, and vaulted ceilings up to 16 feet. Prices range from $354,900 to $386,900.
“You can’t find the kind of finish-out we’re offering at that price point anywhere else in East Dallas,” said Larkspur managing partner Chris Anderson.
Larkspur recently broke ground for Phase II of The Ivy, and land was just acquired for an adjacent third project. All three developments are along Fitzhugh Avenue, a burgeoning thoroughfare that is becoming a hotbed of activity. DaLat, a restaurant that serves “Vietnamerican comfort food,” has received rave reviews, and its success has resulted in the owner opening ZaLat Pizza just a few doors down. Meanwhile, a CVS Pharmacy will soon start construction just steps from The Ivy, adding to the convenience of the townhomes’ location.
Prospective buyers can tour The Ivy from 2 to 4 p.m. on Sunday. For more information, contact Nadine Meyer at 214-235-6661 or nadine@daveperrymiller.com.