(To read more on the multifamily market, click here.)
DALLAS-With the Ritz-Carlton flag flying over the Uptowndevelopment, Crescent Real Estate Equities Co. will break ground inearly 2007 on a $125-million second phase with 96 condos in a23-story tower and four Regency Row homes alongside. And whenthat's nearly sold out, there's a three-acre block for a thirdresidential phase.
"It is possible," Ken Moczulski, managing director ofinvestments for the Fort Worth-based Crescent, tells GlobeSt.comabout the widely rumored third phase. "We're going to wait and seehow sales go for phase two."
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