Stretford Auction Main

Last August, I wandered out to Tyler to see a high-rise … in Tyler … a high-rise.  I was just as surprised by the prices as I was the location.

Back then prices in the 81-unit tower started at $160 per square foot for a two-bedroom, two-bathroom, 2,051-square-foot unit.  Flash-forward and now the developer wants to sell off the 10 remaining units at auction sealed bid accelerated sale.  So if $160 per square foot wasn’t interesting enough, how does $115 sound?

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Stretford Layout: "B" units are the center bump while mirrored "A" unite are on the ends

Stretford Layout: “B” units are the center bump while mirrored “A” units are on the ends

Last week, Dave Perry-Miller high-rise expert Sharon Quist and I bombed over to Tyler to view the Stretford high-rise.  Yes, a 14-story residential high-rise … in Tyler!  Who’d a thunk?

Tyler’s been on the map for retirees for quite a while. It was named the first certified retirement city in Texas by the East Texas Council of Governments. It was ranked 16th in the US for cost of living in the 1999 edition of the “Places Rated Almanac” by David Savageau.  It’s also equidistant to Dallas and Shreveport depending on your need to give money to Neimans or the roulette wheel. (more…)