Just 2 days ago I posted a Blog entry titled Welcome to Real Estate Word-a-palooza! Anyone have a Dictionary? In it, I wrote about new real estate terminology. One of the terms I discussed was "TOD".
For those who missed it, TOD stands for "Transit-oriented Development" and is a term used to describe development that is adjacent to or has mass transit (such as DART Rail here in Dallas) as a feature of its design. I first saw this term used in The Dallas Morning News a few months ago and have heard it used by people in presentations twice since then, so this must be an up and coming term! Locally, projects such as Mockingbird Station and the upcoming Lake Highlands Town Center are two examples.
Well, I just was catching up on my newspaper reading and in yesterday's Dallas Morning News there is an article about 2 new TOD apartment complexes going up at the intersection of Maple Avenue and Kimsey Drive. One development anchored by a former hosiery factory that will feature loft apartments and will be a Mixed Use project (another term in my Word-a-palooza blog posting). The other will be new construction rental apartments. Both of these sites are roughly 2 blocks from the future DART Rail station at Inwood Road and Denton Drive.
The Dallas Real Estate market is evolving changing and continuing to grow. As the new trends in real estate emerge I am glad to see them take root and flourish. Are you seeing new trends in your area? If so, let me know.
And if you are looking for a Dallas Real Estate Agent to assist you in buying or selling your home, let me know about that too. I'd love to hear from you!
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