Areas To Invest In Dallas
Wednesday, January 20th, 2010When it comes to Dallas, Texas, the expanse of the suburbs is quite amazing and also seems to be never ending. You have Allen, Plano and McKinney at the peripheral areas. A new trend in town development in the form of ‘exurbs’ is being seen in places like Richardson which is at a distance of approximately 20 miles to the northeast of downtown Dallas. The Telecom Corridor has developed here and with other companies moving here, the pace of growth in this area has been nothing short of dizzying.
Located to the east of north Dallas, Richardson is home to the renowned “telecom corridor” and many high-tech companies. Flanked by most of Dallas’ major highways: (Tollway, I-90 George Bush, Central Expressway, 121) Richardson real estate consists of many older homes in established neighborhoods with mature trees and lush landscaping. Located just seconds from Uptown and minutes from Downtown Dallas, Turtle Creek provides residents access to all that the city has to offer. Town homes and high-rise condos are expanding in this area.
One of the best places to stay in Dallas is Highland Park. It is quite near Mockingbird and Central Expressway and also quite centrally located in between Oak Lawn, SMU and Downtown Dallas too. Highland Pak Village is well known for its shopping avenues and the Highland Park Independent School District is also well accepted and established here. The Turtle Creek is quite close by and one can go for wonderful strolls here. This area has some of the most gorgeous homes in town and it is the 41st wealthiest city in the US and 19th wealthiest if you consider a population in excess of 1,000.
Another area that is worth considering is Plano. Plano’s business district was destroyed in a great fire in 1881, but given its importance to the local economy it was restored quickly. Plano recently grew 7% in population in comparison to neighboring areas like Allen which grew by 11%, Frisco having an 8% increase and McKinney showing a 9% hike. The earliest settlers were driven to set up home at Plano due to its many sawmills, general store works and gristmill works that are located here.
Lake Highlands is famed for its dedication to families and community. Lake Highlands has pockets of dilapidated housing interspersed through its area, but its single family detached neighborhoods are pretty stable. Far east of Dallas is different where several neighborhoods are turning into rental communities or ultra-cheap housing. Lakewood in Dallas, Texas is a collection of established neighborhoods of older homes with wide streets and mature trees, located east of Dallas near Whiterock Lake. There are several Historic and Conservation Districts within the area protecting the many old homes and history of the Dallas vicinity.
Roy Owens is an investor who uses Dallas investment property to make a living. He also helps individuals with retirement planning.
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