Quote Originally Posted by Anonymous. View Post
The market is very skewed towards high-end 'for purchase' units right now. Millennials getting into the swing of their careers and paying off student loan debts are the same ones spending the most money downtown. They would love to live downtown and buy. But it isn't feasible when everything down there is $300-500K. So renting for $1200 a month instead is much easier. Then once these young adults can finally afford a house with saving, they opt for the $150K bang-for-buck suburban homes in N OKC and south Edmond. What we need is this same price point on the downtown scale. So we are talking units that are like 6-800 sq feet. Minimalism is easy to sell to this age group.

The Civic is the first thing downtown for sale that isn't out-of-reach for that generation. Unfortunately, it is in a not-so-desirable part of downtown at this time. If OKC can get some multi-family row homes and highrises in and around Bricktown and Deep Deuce that can score this price point of $150-200K units, you will see them scooped up left and right.
Good points but you will be hard pressed to find an urban developer who will build a $150-200k product when the cost to produce a product in the $350-400k range is probably less than an additional $50k and will sell nearly as quickly. There is always a "sweet spot" for an area and while a few may try to test the upper limits, virtually nobody dangles near the floor.