Apartments near SMU in Dallas switching to condos

DALLAS – The 55-unit Shelby Apartments on SMU Blvd. near N. Central Expy. will be converted into condo units.

The five-story complex was built in 2008. It will sell the units starting at $185,000.

The urban-style apartment project — which includes ground-floor retail space — was built on the site of a garage once used by automotive designer and racer Carroll Shelby.

The rental community has been popular with SMU students. Owner Marquis Group will open the units to sell later in April.

“With just 55 homes available, the development represents an amazing opportunity to own in one of the hottest markets in the country,” said Brent Halvorson, Vice President of Marquis Group.