Can any of you answer my question? It's post 231 - just a few posts away.
Essentially equivalent to park harvey prices. I mean, it's not exorbitant, but park harvey is closer to a lot more. I admit I didn't really consider Plaza when I made my prior post, but if we're honest, the area you'd walk through to get to Plaza from these apartments is beautiful in parts and jarringly unkempt in others.
Edit: Also, when I think about walking distance, I think more about leisure time (e.g., mid-tier and above dining, libraries, museums, nightlife). I'd rather live close to where I play and pick up the essentials on the way home from work than live a stone's throw away from walgreens.
Sid, you're right. My comments should be tempered with the understanding that I'm just espousing the perspective that this location is very underrated, and just trying to encourage people to see what they're glossing over.
BDK, I think you've identified why the walkability perception here is worse than reality in converse to walkability reality being worse than perception with the Park Harvey. Downtown has gravitas and you don't seem to immediately notice walking a few hundred feet more or lacking essentials, whereas around Classen and 18th all you have nearby is essentials and the area totally lacks gravitas and beautification so the perception is to short-change its potential.
I totally agree this area has loads of potential, and I think it will be met. I just think the asking price for the apartments is a bit high for where the area is at this specific moment in time.
I guess I don't blog enough and assumed number of units of the building etc were already known..
AVAILABLE UNITS: 3rd Floor NE Unit, 2nd Floor NE & NW Units (3 units)
First Floor will be available in a week or so (4 units)
So, if Jack has 12 units and there are 3 units available + 4 units almost available then how many units does Jack have rented? :-)
LP
I think we can reasonably agree that this project is slightly ahead of its time for the neighborhood, but I still think the price is okay for the quality of the units. They are unique units, as well - you won't be able to get such a modular, open floor plan in any similar new developments.
So to summarize-
the building has 12 units
5 are already rented
3 others are immediately available
4 will be available within a week or two
12 total
Posted something, then changed my mind.
Rent is completely and perfectly dictated by the market.
Landlords can only charge what people are willing to pay and will always make adjustments to keep vacancy high.
If they get the rents they are asking, not only is that a good sign in general it will encourage more development.
Perhaps this is the top-first approach going first with the development that wouldn't otherwise come bottom-up, which I guess is great as long as its organic and not city-pushed.
We all know this was not city-pushed.
We were limited by the city on setbacks and height. Underground parking is cost prohibitive in a development this size (at least for us). We appreciate all the support!
About a month ago, there was a fire on two of the original brownstones behind this project on 17th street. Very sad to lose more of the few remaining brownstones in this city.
I don't know how to judge the proclivity of fires occuring in these urban structures around Uptown and the Asian district (where tenants shouldn't be assumed to possess THAT questionable of character) apart from suspicions of negligent owners trying to scam their way into insurance money.
Are the electrical and/or gas systems in some of these buildings that bad?
I can't attest for the other buildings in the area, but I live in one of the brownstones a block down 17th (near McKinley) from where the fire occurred, and I absolutely know that my building would never pass fire inspections. The wiring is all f'ed up, the pipes rattle, the rear exit of the building is an absolute mess, the windowsills are rotting out, my downstairs neighbor has a major termite problem (although I've never seen one upstairs in mine), spiders have taken over the basement because the foundation is basically exposed to the outside via smashed windows, gaps between bricks, etc.
And I live in one of the best-maintained brownstones on the north side of 17th, east of Blackwelder.
In the original PUD two (2) new buildings were approved. Leasing and economics will dictate timing on the second building.
Larry
Thanks! That's good news.
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18th Street Studios / Fitzsimmons Architects | ArchDaily
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