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Condo sales are tanking.

Discussion in 'Money & Finance Forum' started by builder, Jan 16, 2007.

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  1. Jan 16, 2007 at 10:59 AM #11
    builder

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    No. This is Commonwealth/Central Ave area. Right now it's low income apartments. $450/mo for a 3 bedroom. 2 miles out of uptown. The area stretches from Commonwealth Ave to Central , Veterans Park to Morningside.
     
  2. Jan 16, 2007 at 11:09 AM #12
    Trace

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    I was thinking of the Caldwell area.
     
  3. Jan 16, 2007 at 1:59 PM #13
    builder

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    Piedmont Courts. They've torn it all down. I don't know if anything has been planned for the area yet. There was some talk last year, but I think zoning and such pushed that off.
     
  4. Jan 16, 2007 at 2:03 PM #14
    Savio

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    They're turning around the Plaza/Midwood area. Lofts and condo are being built there like crazy.


    What have you heard about Morningside, B? I have the documents on what they were planning but that's it. Any new news?
     
  5. Jan 16, 2007 at 2:05 PM #15
    builder

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    Yeah, but have you seen the sales data? Most have been bought pre-construction by people who intend to flip them, but I havent seen many people willing to buy. I owned in that area. Never again.
     
  6. Jan 16, 2007 at 2:07 PM #16
    builder

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    I had the 22 page pdf of what they were planning, schematics mostly. The developer is out of state so there hasn't been a lot of talk that I know of. I havent seen an actual design yet.
     
  7. Jan 16, 2007 at 2:12 PM #17
    Savio

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    So you see it like the Wimore area now?
     
  8. Jan 16, 2007 at 2:26 PM #18
    builder

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    Pretty much. With all the apartments between Morningside and Eastway, I don't see how that area will change much. Eastcrest is still one of the most dangerous places in that area after dark. It's not a fun place to live.
     
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