|
Judy in the sky with diamonds -
Dallas high-rise specialist enjoys the view from the
top
By Cheryl Hall
Published 11-05-2000
Before the New York developers of The Vendme even bought the land for
their 21-story luxury residential project along Turtle Creek, they knew
who they wanted to handle its marketing. When it comes to selling expensive
high-rise homes in Dallas, Judy Pittman is the undisputed queen of the
skyline. "Dallas doesn't have mountains or an ocean, but it has a magnificent
skyline. It's like a jewel box that twinkles at night," says the 59-year-old
Realtor, ensconced in her lavish 23rd-floor penthouse in The Warrington,
just up the street from where the cranes are building the $125 million
Vendme. "We have wonderful sunrises and sunsets. You watch the city wake
up and go to sleep. You see the storms roll in and feel the power. The
sense of sky is magical. It creates so much excitement and makes you feel
alive." Judy Pittman has just given her best sales pitch. And it often
works. She delights in showing off high-rise properties in the evening
so prospects can watch the city sparkle to life. "Once they see it at
night, they all want to sign up," she says gleefully. "So I just whip
out that contract." So far this year, the president of Judy Pittman Inc.
has sold more than $100 million in residential real estate - most of that
in the posh high-rises along Turtle Creek - and has earned several million
dollars in commissions for her company and three assistants. As the exclusive
broker of the ritzy Vendme, Mrs. Pittman has found buyers for 70 of the
119 units that start at $300,000 and won't be ready for occupancy until
spring of 2002. Six of the dozen two- story penthouses - which cost $1.2
million to $4 million for a raw shell - are already spoken for. "It will
be one of the finest buildings in America. Private elevators, high ceilings,
fireplaces, marble baths, Kohler fixtures," she says, ticking off her
favorite amenities. "This level of quality all costs many dollars per
square foot more to construct." She prefers to talk about selling points
rather than knock neighborhood competition, because she sells a lot of
that, too. Mrs. Pittman has done countless resales in The Mansion Residence,
The Claridge and her home turf at The Warrington, usually representing
both buyer and seller. "Judy's in the unique position of controlling the
high-end condo market in Dallas," says John Conroy, partner of New York-based
Metropolitan Development Group, which is building The Vendme. "That's
good for her, and good for us." And that's quite a lofty rise from her
lowly days in 1985, when Mrs. Pittman had just one resale condominium
to show in The Warrington - and it wasn't even her listing. She sat in
the lobby and collared potential buyers after they had visited the new-unit
sales office upstairs. "I was Cinderella with the crumbs," she says, now
looking like the princess with the shoe that fits. "As people were about
to leave, I'd say, 'Excuse me, there is a resale available if you'd like
to see it.' I started with that one vacant unit." When condo wasn't cool
Mrs. Pittman began pushing the high-rise way of life when "condo" definitely
wasn't cool. The mere mention of the euphemism for "unsellable" was enough
to make most people cringe. And "high rise" conjured retirement home.
"Horrible times," Mrs. Pittman says, with a shudder. "Nobody wanted them.
I can't tell you how hard I worked." She sold to her former high school
chums, even her sister, telling them to lease a high rise for a year and
buy it if they liked it. Certainly, some of her success is tied to Dallas'
booming housing market and a growing acceptance of towered living. But
even competitors credit her efforts, which include spearheading the annual
beautification drive that landscapes the medians and flowerbeds along
the creek. "Judy built an acceptance of the high rise and the Turtle Creek
area that paved the way for our success at The Mayfair at Turtle Creek,"
says Kyle Crews, a real estate marketing consultant who helped sell out
that project. He's been active in the Uptown high- rise and mid-rise market
for years. "I break out in a sweat when I think about the old days. The
fact that we survived to enjoy these days is a miracle." Judy Pittman
now resides in the 4,500-square-foot, two-story penthouse that once belonged
to Texas Instruments founder and former Dallas mayor Erik Jonsson. Her
elegant furnishings, befitting of a centerpiece in Architectural Digest
yet somehow homey, take a back seat to the smashing view of downtown,
Uptown, McKinney Avenue and Highland Park. She can see the corner of Moody
and McKinnon streets where her father was born in 1902 - now a thoroughfare
near The Crescent. The surrounding area is teeming with new development.
"It breaks my heart that my parents aren't alive to see all that's going
on in Dallas," she says. "They adored this city." Judith Agnes Goff grew
up in Preston Hollow, the pampered baby of four daughters born to Amy
and Bobby Goff, a former general manager of the Dallas Eagles minor league
baseball team. "Daddy must have been terribly disappointed when I came
along, the fourth girl and still no boy," she says with a laugh. "I'm
the most uncoordinated, unathletic human in the world. But he used to
say, 'You need fans just as much as you need players.'" Her father also
encouraged her to "Try to bat 1.000. Try to be a home-run kid." After
graduating from Hillcrest High School in 1959, Judy headed off to East
Texas State University, where she earned her teaching certificate. "My
daddy had a rule that all four of us girls had to get our degrees and
teach school for at least one year so we could be self- sustaining in
life," says the former speech and English teacher at Lake Highlands Jr.
High School. Drawn to real estate She was drawn instinctively to real
estate, spending weekends canvassing neighborhoods and looking at the
for-sales. She'd buy a house, spruce it up and sell it to augment her
teaching salary, which was never more than $4,500 a year. In 1971, her
first year in full-time real estate, she earned $19,000 and thought she'd
died and gone to heaven. That year, the 29-year-old formed a real estate
company with Berta Patterson in Preston Royal. For the next nine years,
she sold houses in Preston Hollow and Highland Park. "It was nothing like
it is today," she recalls. "I was a normal real estate agent in normal
times." Deeply religious, she attended Mass every evening at Holy Trinity
Catholic Church. "I used to bargain with God all the time," she says with
a laugh. "When I was working on something, I'd say, 'Please let this work.
If this works, then I'll do this for you.' Like he really cared. I'm sure
he had other things like the Vietnam War on his mind." In 1980, Judy married
her best friend, Bill Pittman. Father Pittman also happened to be her
priest. "We had the Walt Disney version of The Thorn Birds," she says
with a girlish blush, adding that Bill got blessings from the church and
her mother before shocking Judy with his proposal. "My first response
was, 'I don't know if I could ever call you by your first name,'" she
recalls. "I also said, 'I've never thought of you as a man.' He was just
my closest, dearest friend. My life began when I married Bill Pittman."
The newlyweds headed off to Bay St. Louis, Miss., where Bill was going
teach at nearby St. Stanislaus College. He'd been the pastor at a church
near there and one in New Orleans and knew the lay of the land. Judy was
going to tend their beachside cottage. "But the stress of no stress got
to me," she says. She wanted to open a Hallmark store and persuaded Bill
that a card shop wouldn't be too commercial for his priestly psyche since
people bought greeting cards to be nice. Judy also persuaded Hallmark
that the rural Gulf Coast town of 5,000 could support an upscale gift
shop. She flew to Dallas and bought all sorts of figurines and finery
at the Market Center, thinking she'd bring a touch of Neiman Marcus to
Bay St. Louis. But reality struck at the local Jitney Jungle grocery store
when everyone else in line bought provisions with food stamps. "I was
the only one who paid with cash, literally," she says. "I thought, 'Oh,
boy. I'm in trouble.' At times we took layaway for paper plates. We were
in a poor area." She made a second buying trip to Dallas, scouring the
market for merchandise that cost her 50 cents to $5. "I bought a ton of
those little Lucite boxes and painted names and daisies on them," she
says. "I went from selling $250,000 homes to selling $1.25 cards and painting
plastic boxes." Despite early missteps, Pittman's Hallmark Shop flourished,
and Hallmark asked the couple to open a second store in a shopping center
in nearby Gulfport. A third store followed with plans for a chain of small-town
specialty boutiques. But in 1984, her mother's health began to fail. Judy
bought a one- bedroom condo on the viewless backside of The Warrington
so she could come home to check on her. The next year, it was the failing
health of her former partner, Berta Patterson, who asked Judy to take
over the real estate business. "I thought, "Well, maybe I can do both
the real estate and the shops." After more than two years of crazy back-and-forth
commuting, she and Bill replanted themselves at The Warrington, selling
their three stores. Bill started a Dallas branch for Daytop Foundation,
a nonprofit drug-rehab organization for teenagers, while Judy was determined
to sell the lifestyle she'd grown to love. Two years later, when Peter
Kurts came knocking, that's exactly what she did. Selling The Claridge
In April 1990, the new Australian owner of The Claridge asked Mrs. Pittman
to take over selling the 18-story condo building that was still 75 percent
empty five years after its completion and nearly a decade after preconstruction
sales began. "I had no contract," she recalls of her handshake agreement
with Mr. Kurts. "It was a $35 million project - sink or swim. Talk about
going to church to pray to light those candles." On Aug. 30, 1993, she
sold the last unit in The Claridge and turned her focus on The Mansion
Residence. She sold out that project out in 1997. She's handled nearly
every resale in all three high-rise projects, as well as marketing Place
des Vosges, a luxury zero-lot line development of $2 million to $4 million
homes. "I practice what I preach. I've got all my money invested in this
street," she says, motioning down to Turtle Creek. In addition to her
abode, she owns four high-rise condos in the three luxury projects. David
Morris and Terry Sweeney recently completed their sixth real estate deal
with her - this time buying a zero-lot home with a pool. "She's a helluva
lot of fun to work with, No. 1," said Mr. Morris, an executive with a
cruise line. "Then there's her complete focus and follow through. She's
always available, whether it's midnight or 4 in the morning." But isn't
that a little weird? "Yeah, it's obsessive," he says with a shrug, "but
it's what makes it work." The pair was part of a round robin of seven
transactions that took place while the Dallas Cowboys played in the 1996
Super Bowl. "I'm going like lickety-split," she says, mapping the series
of deals that had people all over town buying and selling high rises and
houses. "I got home at about 9 o'clock and someone here wanted to look
at another apartment in the building. I said, 'Let's go right now. I'm
on a roll.' I sold it and did the contract before the night was over."
But memories of the tough times reside in the back of her mind. "I still
hustle. I don't ever take success for granted. You rest, you rust," she
says. "I don't have a crystal ball. I don't sell investments. And some
day you may see me standing on the street corner with a sign saying: 'Will
trade a high-rise for a meal.' I believe that. "I've seen what can happen."
|
|