That was my first thought too. I can’t imagine I would end up choosing to go grab a beer and a bite here if I had to sit near to three idling lawnmowers the whole time.
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But what if you were 22 and drunk as hell at 2am with your friends? 
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I don’t know if anyone has shared the news already but 615 Peace is now open and there are only 6 condos available out of the 24 on-site.
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Only 25% of units left after more than 3 years for sale. 
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I believe the units left are the ones that stare into the wall of the Paramount Condos. Good luck to them selling the concept that you get to look out your window/balcony and get to stare at a wall all day, every day.
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It may be interesting to know that the entire buffer between the two buildings is the Paramount property because it was built with a setback. 615 Peace sits on the property line. Had the developer sited the building back just a bit from the property line, it could have been better. Also, the south facing condos don’t stare at a wall, but they do stare into either garage parking or into a condo at The Paramount. This will make it difficult to sell or re-sell condos in both buildings, and there are condos in the Paramount too that are sitting on the market. I have a garage space at the Paramount that faces the 2nd floor south side of 615 Peace. When I park, I can see right into the unit across from it. That said, it’s not just condos facing south that may sit on the market. I know that there’s at least a unit on the corner of Peace and Boylan that’s also for sale. That corner has its own challenges with them having to deal with all the noise from the diverted traffic on weekends from the closing of Glenwood, plus they have to deal with the late night noise from the Hookah place that’s catty corner to them and open until 5AM on weekends.
Lastly, The sidewalk experience at the building on Peace St. is horrendous. It’s just plain ugly. There’s zero curb appeal for potential buyers.
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Peace Street in that area is ripe for streetscaping. What a shame the City Council dropped the streetscaping plan that the city voted in favor of years ago. That was a big swing and miss by the Council.
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The Streetscape plan was why I was confident with my purchase at the Paramount all those years ago. It was certainly a huge miss for the city to not follow through with it. IMO, the city allowing that suburban McDonald’s rebuild was the nail in the coffin on the plan.
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That sounds like all around bad planning to me. Someone should start over. Oh wait we can’t do that…
A similar thing is about to happen to the Fairweather, right?
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They’re rebuilding the Fairweather as a suburban McDonald’s?!
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If we believe what we’ve been told for years, that McDonald’s is really in the business of real estate & not selling burgers, then it’s not over just yet. At some point that land will be worth too much to resist selling it.
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Are we sure the not having a parking space in the building is another major reason the remaining 25% of units have not sold?
That view from Paramont condo owner to 615 Peace condo owner is something else!
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I know that the # of spaces was shy of the number of units, but I don’t think it’s by that many. It’s a contributing factor IMO, but I don’t think it explains all of the units still available.
Your photos perfectly explains why I don’t buy RE facing an unknown future use, and it’s why I have always purchased condos facing a street. At least I know that there will be a minimum of the street width distance between me and my neighbors. It also helps when trees start getting taller. 
PS: Per the photo taken from inside the 615Peace unit looking south, the white blinds on the black framed storefront doesn’t look good at all!
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Yeah, it’s going to be one of those fancy Euro-style McCafés. I’m lovin’ it. 
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Why was it dropped? cost? If there is one street in DTR that is ripe for streetscaping. It’s Peace Street.
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I mean… this is city-living, y’all. Go to NYC and try to find a new-build condo with a view of anything other than someone else’s windows… for under 3 million dollars lol
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I lived in NYC for a while too, and there’s a difference between looking across a street at another building, and staring straight into the next door apartment like those seem to be.
I had a couple of those apartments too, but at a big discount from the “real” windows!
I’m just here to tell you that there are gonna be buildings in any major city with units that directly face another building within a few feet. Hell, look at some SFH neighborhoods where houses are practically inches from one another lmao. My guess is they’ll eventually lower the prices of these Paramount facing units to the point that some investor decides they’re worth buying to flip into rental units.
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The discount for these “inferior” units get decided by the market likely as rentals. Realistically with the over supply of new rental in the market, I can’t see someone paying more than $2,300 for a two bed here with these limited amenities and no view (perhaps also no parking). That put’s the value of these units under $450K based on $250/mo for HOA, $300/mo for taxes, and $50/mo for insurance which is NOI of $1,700 before any management fees just to earn 4.5% on their acquisition.
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