I presume the 2-story units are above that 1300 mark?

I'm assuming. I didn't even look at those because it was out of my budget.

How did you get in contact them? I have been trying to take a look at one of the 2 story units and cannot get them to call/email me back. I promise I have money!!!

She said they currently have 3 of those left. Everything else is already leased, I believe.

I'm assuming. I didn't even look at those because it was out of my budget.

I talked to Jana about the 2-story unit a few months ago, she said it would likely be over $2k, which was above my budget. I'm sure it's well worth it though.

MidtownR posted this on Facebook.


We have 3 of our highest end lofts at 430 left for rent! They are truly amazing apartments with 2 stories and great views towards downtown starting at about $2200. If you or anyone you know is looking for a prime midtown/downtown rental, call us right away! 4054886245 or e mail us at info@midtownr.com
They won't last long!

2200 a month?! sweet baby jesus. I wonder if that includes any utility amenities.

$2200 a month seems grossly overpriced in my opinion. That is pricing I would find in uptown Dallas, or Atlanta. I am sure they will find people to rent them, however still does not make a whole lot of sense to me.

STARTING at $2,200 a month. Wowee.

Just goes to show the strong demand for nice rentals in the central core.

Will be very interesting to see how rates hold when some of big projects (Maywood Apartments, The Edge, etc.) hit the market.

$2200 is insane. That's a mortgage payment on an entry home at The Hill, which is still nicer than those lofts. I guess if they can get that rent, good for them. I'd just like to be best friends with the person who decides to rent a place for that amount.

$2200 is insane. That's a mortgage payment on an entry home at The Hill, which is still nicer than those lofts. I guess if they can get that rent, good for them. I'd just like to be best friends with the person who decides to rent a place for that amount.

any one know the sqft .... $1.25 + is about the norm for this area ..

any one know the sqft .... $1.25 + is about the norm for this area ..

The price/sq ft is probably a bit higher than the area, but the views, the great outdoor space, and the generally good finishes you get probably make it worth it. I looked at a couple MR properties, they either didn't quite fit my needs or were smallish, but i didn't see them as overpriced.

any one know the sqft .... $1.25 + is about the norm for this area ..

IDK but they seem pretty sizable. Its a two story loft style plan so I would imagine its at least 1800 sq ft, best guess. In this market, $2200/month is about the going rate for a home with 2500 square feet in Edmond/Norman/NW OKC, and there you don't get city views, baller-status interiors or walking distance to restaurants or bars.

Its definitely the top of the market, but not unreasonable for what you get.

1800 sqft at 1.25 a ft is 2250 a month ...

If they lease all of them, that is what they are worth. Just because you or I can't afford them or don't want to spend that much doesn't mean there isn't a place for them in the market.

If I were a betting man, I'd bet they'll have to bring those prices down. The biggest house (apt) on the block rarely is worth as much per square foot as the average size. I mean, they're not going to $1500/month, but I'd guess $1850 to $2050 depending on whether or not they can get the units rented before more options come online.

$2200 a month?! I guess we know why those three are still available. lol

If I'm ever spending $2200 a month and NOT building equity... just slap me in my face...

$2200 a month?! I guess we know why those three are still available. lol

If I'm ever spending $2200 a month and NOT building equity... just slap me in my face...

If you are used to a certain life style and you don't intend to stay in one place for long, then $2200/mo rent doesn't seem so bad. Over all though, I agree with you, I can't imagine spending that much in rent, even though I seem to never stay put for long.

It takes a very long time for the equity to build up to amounts equal to or beyond what 1) additional costs ownership brings 2) the risks ownership inherits
For years, most of your payments are just about pure interest.

A lot of people still can't get out from under their properties today after the last crash. My own calculations I did when I was buying and selling houses showed (for me) it takes an easy 10 years to get to that point in most places and 15 in more volatile markets.

So to offer a contrasting perspective, slap me if I'm stuck in the same place for 15 years. :)

I've got no interest in owning again. Not for a long time. Having to write a fat check to get out from under my last home soured me for a while. I just don't want my housing to dictate that much of where I live and how long I live there.

Great point. We have owned our home for 6 and a half years. In that time we've squeezed out about 30 to 40k in equity. HOWEVER, we have easily put in about 40k in improvements to our home.

In the end, we do theoretically own our home, so that's great. But a good argument could be made for renting as well. No headaches when you need repairs, etc. You could view it as a car payment or something and not an investment. It would be possible to rent and still save money, buy stock, and invest in other income-producing equities.

You can't account for intangible opportunity costs, but this is fun:

http://www.nytimes.com/interactive/business/buy-rent-calculator.html?_r=0

It takes a very long time for the equity to build up to amounts equal to or beyond what 1) additional costs ownership brings 2) the risks ownership inherits
For years, most of your payments are just about pure interest.

A lot of people still can't get out from under their properties today after the last crash. My own calculations I did when I was buying and selling houses showed (for me) it takes an easy 10 years to get to that point in most places and 15 in more volatile markets.

So to offer a contrasting perspective, slap me if I'm stuck in the same place for 15 years. :)

I've got no interest in owning again. Not for a long time. Having to write a fat check to get out from under my last home soured me for a while. I just don't want my housing to dictate that much of where I live and how long I live there.

Assuming you're using a 30-year mortgage, yes, this all makes sense. :)

We, however, went with a 15-yr when rates were very low, so even our first payment was more principle than interest.

I personally envy the freedom of being able to move, but my better-half isn't so keen, so we compromised on a house close to downtown. Win-win? :)

It takes a very long time for the equity to build up to amounts equal to or beyond what 1) additional costs ownership brings 2) the risks ownership inherits
For years, most of your payments are just about pure interest.

A lot of people still can't get out from under their properties today after the last crash. My own calculations I did when I was buying and selling houses showed (for me) it takes an easy 10 years to get to that point in most places and 15 in more volatile markets.

So to offer a contrasting perspective, slap me if I'm stuck in the same place for 15 years. :)

I've got no interest in owning again. Not for a long time. Having to write a fat check to get out from under my last home soured me for a while. I just don't want my housing to dictate that much of where I live and how long I live there.

I can respect this approach too.

It takes a very long time for the equity to build up to amounts equal to or beyond what 1) additional costs ownership brings 2) the risks ownership inherits
For years, most of your payments are just about pure interest.

A lot of people still can't get out from under their properties today after the last crash. My own calculations I did when I was buying and selling houses showed (for me) it takes an easy 10 years to get to that point in most places and 15 in more volatile markets.

So to offer a contrasting perspective, slap me if I'm stuck in the same place for 15 years. :)

I've got no interest in owning again. Not for a long time. Having to write a fat check to get out from under my last home soured me for a while. I just don't want my housing to dictate that much of where I live and how long I live there.

After a futile search the past 9 months trying to find a home, I am realizing I am quite happy renting in my place. But then again, I don't view a primary residence as an investment first. Heck, my small little pile of stocks is making way more than I would ever gain from owning a home in my desired price range.

While I think in the long run home ownership is still good (i.e., owning a home outright in retirement) way too many people don't consider the things you laid out in your post. And it amazes me after the whole sh*tshow in 2007-08, people will STILL rush in to go buy a home with little or no knowledge of everything home ownership entails.

I had to be honest with myself and realize why I wanted to buy. I am 27 and single so its not like I needed a home ASAP. The pressure from family and friends was the underlying reason I was even thinking about it. I am really quite content in current living situation. I love my place in midtown, and I do want to stay somewhat "free" just in case an opportunity comes up somewhere else. An argument can be made that the economy was hurt because the artificially high rate of home ownership in the mid to late 2000's limited mobility.

Now, in regards to 430 Lofts, I admit its pretty expensive. But I pay about half for my place and I still get the whole "at that price you can get a mortgage on a home!" spiel. For the reasons already spelled out, home ownership is not for everyone, but that doesn't mean you have to live in a dump, especially if you make enough paper to afford something nicer. IMO until recently the rental market in OKC was a little underwhelming, but the downtown boom is starting to improve things in that regard.

My dream would be to rent in an urban center (as renting is my preference because of the freedom), own a lot of open land in the country for frolicking, and be able to get their by train, then bus, then bike :-)

I just bought for the first time when I moved from OKC to Houston, in my situation it really would have made sense to rent over purchasing if it weren't for:

a) rent in Houston is ridiculously high compared to a mortgage.

b) my fiance (now wife) joined me in Houston slightly afterwards and brought her Pitt bull mix (really sweet dog) and he makes renting a challenge.

c) my company has a huge disparity in relocation packages between renters and home owners, when they move me again they will actually take better care of me now that I own.

Back to the subject of the thread, I can't wait to see the interior of these when finished.

From today (Fitzsimmons FB page):

https://sphotos-a-lax.xx.fbcdn.net/hphotos-prn2/248246_10151853227283804_515724509_n.jpg

I wish I could afford something cool like this.

I am confused where that photo is looking from.

I am confused where that photo is looking from.

the second floor back patio of one of the units

Looks higher than 2nd floor. So this build has covered parking now or am I misunderstanding what the metal roof in front of the balcony is?

Looks higher than 2nd floor. So this build has covered parking now or am I misunderstanding what the metal roof in front of the balcony is?

sorry i wasn't clear ... it is a 3 story building ..

the top units are 2 story .. lofts ... so this would be floor #2 of the larger units in the building .. but the 3rd floor from the ground

So this build has covered parking now or am I misunderstanding what the metal roof in front of the balcony is?

Yes, the metal roof is covered parking.

From a tweet from "Downtown Development":

https://pbs.twimg.com/media/BQiQGXfCQAAkIxG.jpg:large

Wow. These look great.

I hate the kitchen sink. It would never work for me.

I think those look cheap inside, but the outside looks fantastic. And since I am not a renter, the outside is all that really matters to me.

It's the same cabinetry they used in the Guardian, it looks like. Those cabinets actually look quite nice in the flesh, although are not luxury cabinetry at all. I don't know whether view, space or finishes is what the owner believes makes this $2200 worthy. But, if people rent, they must be acceptable.

It's the same cabinetry they used in the Guardian, it looks like. Those cabinets actually look quite nice in the flesh, although are not luxury cabinetry at all. I don't know whether view, space or finishes is what the owner believes makes this $2200 worthy. But, if people rent, they must be acceptable.

It's based on average rates that midtown units are bringing.

The units they are asking $2250 for are not average units however, so I think they'll find it hard to rent them for that price. If I were a betting man, I put money on them renting for $1850 - $1900.

It's the same cabinetry they used in the Guardian, it looks like. Those cabinets actually look quite nice in the flesh, although are not luxury cabinetry at all. I don't know whether view, space or finishes is what the owner believes makes this $2200 worthy. But, if people rent, they must be acceptable.

i think size is the primary price driver ..... with what they think are above average finishes

I hate the kitchen sink. It would never work for me.

How so?

How so?

It is a single sink basin instead of double. That configuration just doesn't work for the way I operate in the kitchen. For those wanting a large basin you can still do that with a double.

From today, courtesy of Metro:



http://www.okctalk.com/images/wikiphotos/four30a.jpg


http://www.okctalk.com/images/wikiphotos/four30b.jpg


http://www.okctalk.com/images/wikiphotos/four30c.jpg

4283
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From the Fitzsimmons Facebook page:

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/1235042_10151909605608804_315728214_n.jpg

Love the low built in console down the one wall.

Looks fantastic...well, outside of those wine glasses, it looks fantastic.

Love the low built in console down the one wall.

Yes!

So versatile for a small, open space.

Meh. It is bit boring in regards to material and color choices for such a modern space. The cabinetry and flooring looks cheap in my opinion.

Meh. It is bit boring in regards to material and color choices for such a modern space. The cabinetry and flooring looks cheap in my opinion.

Aren't you a ray of sunshine...LOL

Meh. It is bit boring in regards to material and color choices for such a modern space. The cabinetry and flooring looks cheap in my opinion.

Guessing you aren't much of a fan of contemporary decor.

Guessing you aren't much of a fan of contemporary decor.

I love modern decor, and my house is very modern. What am I not allowed to give an opinion because I don't like the look of this place? I simply do not find it very appealing or high end looking considering the rent. Carry on.

Sorry. Didn't mean to upset you. Just meant that this is a very current look..clean, light and fresh. A look used in many higher end contemporary decors these days, though not so much in OKC. The days of contemporary being garish colors and bold bright contrasting color accent walls has kind of given way to this clean look. As far as being cheap, we can't tell from the pictures the quality of the finishes, whether the cabinetry is solid wood or laminate, and what material the counter tops are. Maybe it is cheap...who knows.

I love modern decor, and my house is very modern. What am I not allowed to give an opinion because I don't like the look of this place? I simply do not find it very appealing or high end looking considering the rent. Carry on.

No worries, man. I agree with your sentiments 100%. It all looks cheap, even the dishwasher.

No worries, man. I agree with your sentiments 100%. It all looks cheap, even the dishwasher.

These are rentals, I wouldn't expect too much more out of them.

These are rentals, I wouldn't expect too much more out of them.

I would agree until I see what my friends in Dallas and Austin are renting at similar prices.....

I would agree until I see what my friends in Dallas and Austin are renting at similar prices.....

When in Texas, notice how high the light switches are ? They are built so cheap, they skimp on the electrical wire on installation....this isn't just to keep the little kids from playing with the lights ...LOL

I would agree until I see what my friends in Dallas and Austin are renting at similar prices.....

Are you saying they are getting higher quality at that price or lower?

A quick apartmentguide.com search of Dallas/Uptown/Downtown will show you many high quality apartment complexes with parking garages, amazing pools, and ultra high end interiors. A good friend of mine lives at the ICON @ Ross in downtown dallas and his apartment is a 2 bed 2 bath at 1600 a month. Sure its not two levels.... but he has a view of downtown Dallas, full stainless steel appliances including a double side fridge, full granite in kitchen and baths, tiled backsplashes, hardwood cabinets with big stainless steel handles, hand scraped hardwood flooring, electric car charging, which is nice since he has a volt. Oh and the parking garage is actually big enough to accommodate multiple guests, not just people who live there. The point is you can get amazing apartments in dallas for this price. Thats why I am not impressed with the interior or this development.

I've been in MidtownR's interiors and trust me, they are not cheap. The pic above does not do it justice.

I would agree until I see what my friends in Dallas and Austin are renting at similar prices..... I live in an apt in a very desireable location in Plano near the Shops of Legacy. I have a 2 bedroom, 2 bath, wood flooring, all stainless steel appliances, backsplash, double "Kohler" sinks in the masterbath, all black granite, decorative doors throughout and tasteful lightingIt is an urban look with tons of amenities. I pay $1400.00 monthly. There were also some great looking urban lofts on McKinney Ave and the Uptown area of Dallas that are pretty swank and cost about the same. The quality of the new apts in DFW are far superior than even downtown OKC has to offer. Now, maybe with the Edge, Metropolitan, Bricktown East, developers will raise the bar significant and have higher standards.

I live in an apt in a very desireable location in Plano near the Shops of Legacy. I have a 2 bedroom, 2 bath, wood flooring, all stainless steel appliances, backsplash, double "Kohler" sinks in the masterbath, all black granite, decorative doors throughout and tasteful lightingIt is an urban look with tons of amenities. I pay $1400.00 monthly. There were also some great looking urban lofts on McKinney Ave and the Uptown area of Dallas that are pretty swank and cost about the same. The quality of the new apts in DFW are far superior than even downtown OKC has to offer. Now, maybe with the Edge, Metropolitan, Bricktown East, developers will raise the bar significant and have higher standards.

Exactly, thats what I am talking about. OKC has been behind for quite a while on quality apartments.

I live in an apt in a very desireable location in Plano near the Shops of Legacy. I have a 2 bedroom, 2 bath, wood flooring, all stainless steel appliances, backsplash, double "Kohler" sinks in the masterbath, all black granite, decorative doors throughout and tasteful lightingIt is an urban look with tons of amenities. I pay $1400.00 monthly. There were also some great looking urban lofts on McKinney Ave and the Uptown area of Dallas that are pretty swank and cost about the same. The quality of the new apts in DFW are far superior than even downtown OKC has to offer. Now, maybe with the Edge, Metropolitan, Bricktown East, developers will raise the bar significant and have higher standards.

Hopefully prices come down along with higher standards. If people are paying these kinds of prices in OKC (I'm one of them), that shows how short supply is for nice, higher-end units, or really any units at all in downtown. Ton of new capacity coming in the next few years so prices should hopefully correct.