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Power Properties Going Strong in 2011 Despite Presumed DEATH
Power Properties Going Strong in 2011 Despite Presumed DEATH
Power Properties in Dallas, Texas going strong and announce successful completion of new townhomes on Gaston Avenue despite presumed death of business.
Dallas,
Texas,
United States of America
(prbd.net)
08/01/2011
Power Properties, owners of 25 buildings with 560 residences near downtown, uptown Dallas, and Lakewood , today announced that their vision of building and maintaining unique apartments has not changed despite rumors of their business death in 2007.
“We are having a record year says Power. We are currently targeted to be 100% full by Spring. After doing a major overhaul to the residences and courtyards, Power Properties business is having the best year in 20 years of doing business.
"It hasn’t been easy", says Braden Power (50% partner in Power Properties). "We literally renovated and sold 360 condos in just a matter of a few years. During this time, I even got sued for a home in Los Angeles that I didn’t even work on "
After the largest flood in 100 years, a vacation home nestled into the Hollywood Hills once owned by Power flooded, and even though the insurance companies picked up much of the tab, Braden Power had to endure the process of the law suit. What started out to be $20,000 in damages soon turned into over $600,000.
"Since I am a developer, I am held to a pretty high standard of knowing possible flood situations even if I didn’t work on the home and it was built on the side of a mountain", says Braden. The damages were finally paid by the insurance companies and Braden Power. Power Properties did not do the work on the home and has never been sued for any of their projects.
In that time the lawyers sent out press releases that falsely claimed that Braden Power was in danger of losing Power Properties and with it the presumed death of the Power Properties legacy. Because of the misleading information in the press release, news sources such as the Dallas Observer blog ran stories that led many Dallasites to presume that Braden's interest in Power Properties was in jeopardy. And this couldn't be further from the truth. Unfortunately, many of theses news stories still display when searching for Braden Power online 5 years later.
After 20 years and still going strong, the Power Brothers are at it again. The vision that was originally started by two brothers, Braden Power and Craig Power, has not changed and since 1992, this family owned and operated business has been able to pioneer the renovation efforts of the Gaston Corridor in Old East Dallas.
Though times have certainly changed in the real estate market, the two brothers maintain their efforts in restoring many of the older boutique buildings that house many http://powerproperties.com [downtown Dallas apartments __title__ Downtown Dallas Apartments] and uptown Dallas apartments. They realize that in order to stay ahead of the curve each project has to be different from the other. This path has led the brothers to have their methods imitated by other builders, but never successfully duplicated.
“I am pretty proud that after 20 years of up and downs in the real estate market, I have never had to renegotiate a loan and have maintained great credit”says Braden Power. There are simply not many developers that can say that.
When asked why stick with the same methods in building instead of trying to evolve with the rest of the building community, Braden said, “Over the years we have produced such a unique niche that no matter how newer or grander the mega downtown Dallas apartments become, our niche will always remain exclusive and unique”
For instance, the Stardust apartments feels as if you're in a boutique hotel in South Beach Miami while 6011 Gaston seems as if it was located on the Sunset Corridor in Los Angeles. Braden creates each of his buildings with it's own specific look and feel.
For additional information about one of these unique downtown Dallas apartments offered by Power Properties, please contact Braden Power at 214-642-3532 or visit www.powerproperties.com.
About
Power Properties, owners of 25 buildings with 560 residences near downtown, uptown Dallas, and Lakewood.
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