Quote:
Originally Posted by PHXFlyer11
I don't believe that condos downtown don't work. I think that condos that LOOK LIKE apartments don't work. For example, the townhome models seems to work very well in the core, but it's not completely realistic in most areas of downtown.
In addition, I think high-end condos works, ceiling to floor windows, high quality construction, nice finishes, etc. The problem is many of the condos built are not that, they are apartments trying to me marketed as condos. That's for example why The Edison did so poorly (look at the building BTW, it's crooked all over) it looks cheap. It looks like apartments.
On the other hand, I live in one lexington and you can't even find a place in here unless you want the penthouse for a cool $1.2M. This makes me think something like proposed Jefferson would do very well. But not much of a market anywhere cheaply done condos.
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THIS!!! The condos that combine higher quality finishes and quality management in the downtown area sell quickly. You can tell which condos don't hit this well (look across from the Heard, and the Orpheum). It takes work to do this. EnHance had the misfortune of also being right in the homeless zone. This will likely change over the next 3-5 years as the Hance Park area fills in, but enHance was probably five years too early (and also just feels like it cuts corners on the finishes--fair or not).
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