Crews inside the 17-story Rosewood Residences Turtle Creek tower are tiling the rooftop pool, running electrical wiring, and setting stonework as the $3 million-to-$20 million condominium project on Dickason Avenue closes in on completion. The building's first sales phase has already sold out, and developers plan to open sales soon on seven remaining penthouses at the top of the tower.
According to The Dallas Morning News, the project is a partnership between One Turtle Creek — itself a joint venture of USA Infrastructure Investments and SVAG — and Rosewood Hotel Group, marking Rosewood's first-ever condominium development in Dallas. The tower sits near Rosewood Mansion on Turtle Creek, the property Caroline Rose Hunt converted into a hotel and restaurant in the 1980s after founding the Rosewood brand in Dallas in 1979, according to the Texas State Historical Association. That history gives the roughly 33-unit tower symbolic weight as a homecoming for the brand, even as it operates as a standalone residential product apart from the hotel next door.
Preston Cheng, speaking to the Dallas Morning News, said the rooftop pool is on track to be one of Dallas's most beautiful once finished, and that the property is designed to suit buyers who, in his words, value their time and want to experience as much as possible both inside their homes and away from them. The building's roughly 33 luxury residences include a rooftop garden, a private dining room, a library, a fitness center, a dog park, and a pet spa, per the same account. Interiors carry wood flooring and appliances from American brands alongside 1,200 slabs of marble sourced from Italy.
A Recovery From Financial Trouble
The path to this stage wasn't smooth. The project was put up for sale and began accepting buyer deposits in March 2025, but by July 2025 it faced a foreclosure notice, the Dallas Morning News reports. The developers turned things around with a $100 million construction loan from two New York City investment firms later that year — financing that Multi-Housing News reports was a $97.5 million senior construction loan co-led by University Place Asset Management and Axonic Capital, providing nearly $3 million per unit to refinance prior debt, replenish interest reserves, and fund the final phase of construction.
Cheng told the Dallas Morning News the new loan was intended to ensure delivery of a high-quality project. That recapitalization allowed the tower to top out at 237 feet across its 17 stories at 3555 Dickason Avenue, near Turtle Creek Boulevard and the Dallas North Tollway, per Multi-Housing News. Developers are now aiming to begin delivering units to buyers before the end of 2026, with full completion expected in early 2027, according to Cheng's comments to the Dallas Morning News.
Design Pedigree Behind the Facade
The tower's Beaux-Arts-inspired exterior comes from architect Lucien Lagrange, a Chicago-based designer formerly with Skidmore, Owings & Merrill whose past work includes the Waldorf Astoria Chicago and The Ritz-Carlton Residences in Chicago, according to the Rosewood Residences project team. Interior designer Dan Fink Studio handled the residences themselves,选ing natural stone palettes, custom honey-hued walnut cabinetry, and bespoke walk-in closet configurations intended to give the high-rise spaces a sense of classical warmth, as PaperCity Magazine reported. The 33 condo residences range from 2,000 to 6,380 square feet across two-, three-, and four-bedroom layouts, with ceilings from 10 to more than 12 feet.
Buyers also get access to Rosewood Reserve, a VIP owner program that grants privileges across Rosewood's global hospitality portfolio, alongside building perks like a private residential porte-cochère, 24/7 security, and EV charging stations, per Multi-Housing News. Douglas Elliman Development Marketing was selected in July 2026 as the tower's sales and marketing representative, and Rosewood-vetted staff are positioned to handle maintenance issues and prepare units for owners who travel frequently, according to the Dallas Morning News.
Part of a Bigger Texas Trend
Rosewood Residences Turtle Creek isn't rising in isolation. Texas is in the middle of a surge in luxury branded condominium development, with a statewide project pipeline exceeding $2 billion across Dallas, Austin, and Houston as wealthy buyers move away from suburban estates and sprawling ranches toward full-service high-rise living, according to The Real Deal. Dallas's luxury condo scene has already drawn high-profile buyers, including Raising Cane's founder Todd Graves, who purchased a penthouse in 2024 at the nearby Knox Hotel and Residences, managed by Auberge Resorts Collection.
Whether the Dallas market can absorb this wave of $3 million-to-$20 million units alongside competing projects like the Knox remains an open question, per The Real Deal's reporting. The Turtle Creek corridor itself has kept seeing development activity, including a nearby site sale near Cedar Springs that JLL Capital Markets arranged in June for a 1.28-acre parcel zoned for residential height rights up to 240 feet, reported by Hoodline.
