Branded Texan homes turn investors from stocks and shares

A luxury real estate construction project in the US is now anticipating an early finish date after its army of contractors operated a six-day week, ten-hour shift pattern.

The Tower Residences at the The Ritz-Cartlon, Dallas, Texas, is one of a shrinking number of high-end homes projects which remains on schedule.

The 23 Storey high-rise is now expected to be complete in summer this year, and the 95 new homes in the project are something of a rarity in the current southern U.S. market.

A private swimming pool for the development has already been built, and interior finishes have started in the development, originally expected to be finished later in the year.

Steve Farmer is sales manager for the project, owned by Crescent Real Estate Equities. He said those who had worked on the project had created “what will be the finest high-rise residences in Texas”.

He added: “Sales continue to be robust as home buyers recognise there will be a scarcity of such homes in uptown Dallas for at least the next three years.”

The Tower Residences are the second phase of development in the prestigious Ritz Carlton-branded real estate scheme.

The first, a 70-home scheme directly above the Ritz Carlton Hotel in Dallas was sold before the building opened in 2007.

Some new luxury homes projects are expected to see an increase in demand as buyers turn from stocks and shares to real estate as an alternative form of investment .

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