New Dallas Apartment Tower Rents Start at $11,500
The Galatyn residential tower in Dallas will start accepting tenants next month. And when it does, renters will sign leases with rents ranging from $11,500 to $24,000 a month. The Dallas Business Journal reports the average rent will be about $21,400 per month — excluding two top-floor penthouses. For comparison, the average rent for an apartment in Dallas right now is $1,576.
Located at 3030 Monticello Ave., the 20-story building features 56 apartments ranging from 2,100 to 3,400 square feet and averaging 2,700 square feet.
StreetLights is developing the project with a construction pricetag of $73 million, or about $1.3 million a unit.
There are three units per floor, each with a private terrace.
Amenities include a fitness studio, infrared sauna, private bar, a library and study with a tea and coffee bar, a sunroom and a large pool with lounge and cabana seating. The pool also features grills and a pizza oven. 24-hour valet and concierge service will also be available.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout