Description

The Hub Apartments, is a two story, garden-style, apartment community located in Dallas, Texas. The Hub is well located approximately one mile south of Love Field between Cedar Springs Road and Lemmon Avenue, which runs through the center of Oak Lawn from downtown Dallas to Love Field. The asset was built in 1966. The property is adjacent to The Montage and Harvey's Racquet Club - owned by the same owner. The desirable location, Oak Lawn area of Dallas, with its close proximity to downtown Dallas, within the IH-635 Loop, and easy access to the Dallas North Tollway and I-35 E, is one of the best in Dallas. The Hub has an estimated $3,000/unit in deferred maintenance and maintains a high occupancy. Excellent land play! High-end "in fill" location".

The Hub is located in the Oak Lawn area of Dallas (the Turtle Creek/Cedar Springs sub-market) which is located immediately north of downtown Dallas. The district is generally bounded by Woodall Rogers Freeway, Central Expressway, the City of Highland Park, Inwood Road, and Harry Hines Boulevard. It is over 12 miles in area and is one of the wealthier parts of Dallas, with many professionals and urban types living in upscale townhouses, condos, apartments, and duplexes. Along the Uptown portion on McKinney Avenue and along Turtle Creek Boulevard, there are many new high-rise condominiums and apartments. It is also a very diverse neighborhood with well established areas of older, single family homes. The area is known for its good restaurants, as well as its many bars and clubs. Oak Lawn is contiguous with the Dallas Design District, therefore, much of the area conveys a very artsy and upscale feeling. Running through the center of Oak Lawn from downtown to Love Field is Cedar Springs Road. The Hub is located in the heart of the Oak Lawn area and is a prime candidats for condo or townhouse redevelopment.