segovia Posted June 13, 2007 Author Share Posted June 13, 2007 I stand corrected. I agree with you on "600SF unit @ 130K" being over-priced. Initially, I was hoping for brand new development similar to the current construction on Heights Blvd. and 14th Street. Quote Link to comment Share on other sites More sharing options...
iwkyle Posted June 18, 2007 Share Posted June 18, 2007 (edited) I stand corrected. I agree with you on "600SF unit @ 130K" being over-priced. Initially, I was hoping for brand new development similar to the current construction on Heights Blvd. and 14th Street.Thank you all for your interest in the project . We have sold 6 units. Smaller units carry a higher price per square foot than larger units. The units were gutted all the way to the studs and all major mechanical were replaced. Small unit with the finish level that we have supplied would range from $275-$300 per square foot if the building were completely new. You will find that larger units have a lower price per square foot because there is more space which is used for bedrooms...; however if you were to reduce the those units to 600sf-800sf they would be equally price per sf if not more. Larger units do carry a higher sales price price however, you do find that the price per sf is lower. The units we have a lot of cool features. You all should come by and take a look. Each unit is built custom for each buyer and the cabinets have a 4-8 week lead time. We have had a couple of delays with materials arriving on-time however, you will see people start to move-in within the next 3-4weeks as we begin clsoing the units. There are more finishes to be completed on the building however, in an effort to keep the property affordable we are waiting until all materials arrive to complete the remainder of the work. We are committed to producing a great condominium development for the neighborhood. Please feel free to call me if you have any questions about the project I can be reached @ 888.CONDO-20 x100. Also, if your friend is still interested have them call me and I will do what I can to make the deal work for them. We are committed to producing good quality condominium developments. Edited June 18, 2007 by iwkyle Quote Link to comment Share on other sites More sharing options...
editor Posted June 18, 2007 Share Posted June 18, 2007 Thank you all for your interest in the project . We have sold 6 units. Smaller units carry a higher price per square foot than larger units. The units were gutted all the way to the studs and all major mechanical were replaced. Small unit with the finish level that we have supplied would range from $275-$300 per square foot if the building were completely new. You will find that larger units have a lower price per square foot because there is more space which is used for bedrooms...; however if you were to reduce the those units to 600sf-800sf they would be equally price per sf if not more. Larger units do carry a higher sales price price however, you do find that the price per sf is lower. The units we have a lot of cool features. You all should come by and take a look. Each unit is built custom for each buyer and the cabinets have a 4-8 week lead time. We have had a couple of delays with materials arriving on-time however, you will see people start to move-in within the next 3-4weeks as we begin clsoing the units. There are more finishes to be completed on the building however, in an effort to keep the property affordable we are waiting until all materials arrive to complete the remainder of the work. We are committed to producing a great condominium development for the neighborhood. Please feel free to call me if you have any questions about the project I can be reached @ 888.CONDO-20 x100. Also, if your friend is still interested have them call me and I will do what I can to make the deal work for them. We are committed to producing good quality condominium developments.Good to hear. Thanks for the update, and keep us informed. Quote Link to comment Share on other sites More sharing options...
segovia Posted July 22, 2008 Author Share Posted July 22, 2008 It looks like this condo development came to a screeching halt. It has been over a year now and I see very few tenants. It looks like it was never fully completed (parking area). I wonder if the recent mortgage meltdown affected most of the prospective buyers. Quote Link to comment Share on other sites More sharing options...
samiamj Posted July 22, 2008 Share Posted July 22, 2008 I just don't like the exterior and first impression of these condos. They need to spruce it up with some nice landscaping and just add high end features to the brick/lighting. For $130K for 600 sqft, that is $216.67 per sq ft. You are getting to River Oaks pricing. Quote Link to comment Share on other sites More sharing options...
heights Posted March 11, 2009 Share Posted March 11, 2009 I found a discussion about these condo's over on SWAMPLOT and thought I'd bump it here. Looks like maybe they are going to try rent-to-own now. I did notice it looked like someone was moving in the other day. http://swamplot.com/all-quiet-in-melrose-park/2008-12-17/ Quote Link to comment Share on other sites More sharing options...
west20th Posted March 12, 2009 Share Posted March 12, 2009 I found a discussion about these condo's over on SWAMPLOT and thought I'd bump it here. Looks like maybe they are going to try rent-to-own now. I did notice it looked like someone was moving in the other day. http://swamplot.com/all-quiet-in-melrose-park/2008-12-17/Saw a moving van this AM on the way to work. Guess they are finally starting to sell. Quote Link to comment Share on other sites More sharing options...
Hartmann Posted March 27, 2009 Share Posted March 27, 2009 Was jogging past them on Wednesday and saw people doing a tour of them and I am guessing I saw the same moving van yesterday as west20th. Quote Link to comment Share on other sites More sharing options...
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