DALLAS, Texas, Oct. 3, 2019 (SEND2PRESS NEWSWIRE) — Olerio Homes has launched its first townhouse development at Kimsey Place in the Medical District. With the area\u2019s population projected to grow by 12.5% from 2016 to 2021, this development couldn\u2019t come at a better time.<\/p>\n
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\nContaining 28 units, the first of four phases of townhomes is now available for sale or lease. With sale prices ranging from the high $300s to the mid-$400s, this housing should be attractive to the medical and higher education personnel who work in the district. The area is only minutes from downtown, Love Field, the Park Cities, area hospitals, universities, and major highways.<\/p>\n
Olerio Homes\u2019 President, Lou Olerio, couldn\u2019t be more satisfied with the company\u2019s new venture. He says, \u201cI had been looking for multi-family land for a while but didn’t want to develop in East Dallas or The Cedars due to the market saturation. I was excited to find a pocket off Maple and Inwood that offers affordability, location, and a developing neighborhood in need of more housing options. I feel like Kimsey was a perfect fit.”<\/p>\n
With these homes\u2019 affordability and convenience comes a rapidly developing neighborhood\u2014one of the hottest real estate markets in the area. That\u2019s not all. In the works is a Texas Trees Foundation project to make the area greener and more walkable which should increase property values for homeowners who get in on the ground floor of this new development.<\/p>\n
With a job growth rate of nearly double the national figure that shows no sign of stopping, the Dallas-Fort Worth-Arlington area has become a magnet for job seekers all over the country. The state\u2019s low tax rate continues to attract many of the nation\u2019s top firms, with plans to relocate or establish branches in this growing region.<\/p>\n
All that good news means that affordable housing will become scarcer as demand rises. To meet that need, Olerio Homes is pre-selling 24 patio homes in Modella Park, a gated development near Webb Chapel and Forrest. These homes will be available during the second quarter of 2020 and will be available at prices from the high $400s upwards.<\/p>\n
With the land rush on the east side of I-75, Olerio explains, almost all land in the city\u2019s east side had already been bought. Since at the time Olerio Homes bought the new land, there wasn\u2019t much development on the west side of town, these new developments give buyers an option to own a home with as little as three percent down.<\/p>\n
Combined with the area\u2019s potential for upside appreciation, this development\u2019s central location and proximity to hospitals, universities, and businesses make buying a home there an attractive opportunity for first-time homeowners and new residents.<\/p>\n
Given Olerio Homes\u2019 reputation for classic design and world-class quality, Olerio points out, buyers can count on a home whose appeal will last through the years.<\/p>\n
With an eye for classical design that follows innovative function, Olerio Homes (http:\/\/www.oleriohomes.com\/<\/a>) creates comfortable homes with timeless appeal. A passion for making the Dallas-Fort Worth area the best place on earth to call home guides everything they do.<\/p>\n Interested buyers and tenants can learn more about the firm\u2019s new Kimsey Place homes at http:\/\/www.kimseyplace.com\/<\/a>. For the coming Modella Park development, buyers can look over the homes\u2019 features at http:\/\/www.modellapark.com\/<\/a>.<\/p>\n