Development Name: The Summit
Location: Las Colinas, Texas
Completed: Estimated Q4, 2019
Project Director: Savannah
The Summit, by Savannah, will be constructed as six for-sale, single-story, office buildings with approximately 27,000 total project square feet. The site encompasses approximately 2.6221 acres and is superbly located on O’Connor Ridge Boulevard, one of the highest elevation points in the area with dramatic views of downtown Dallas. Las Colinas is an upscale, developed area in the Dallas suburb of Irving, Texas. Due to its central location between Dallas and Fort Worth and its proximity to both DFW International Airport and Love Field Airport, Las Colinas has been a viable place in the Metroplex for corporate and business relocation. As a planned community, it has many corporate offices, luxury hotels, landmark office towers, and private country clubs.
With rising rents and operating expenses, small business owners are searching for ways to reduce costs and invest in their own bottom line. Investing in commercial real estate through office ownership, such as office condominiums, is a savvy strategy. Historically low interest rates, favorable tax advantages and the unique characteristics of professional office condominiums have made them extremely popular with small businesses. This category of office space offers many low-cost options that are unavailable with traditional office buildings.