And it’s why RALEIGH is an acronym for Relocated And Local Engineers In Giant Houses.
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I think we’re working on that.
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N&O article says the developer wants to start construction this year.
I could be wrong, but thought they would have start over with the ASR process? I don’t see anything yet on the city’s permit portal site. Seems too ambitious.
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They put up signage referencing One Nash condos on the lot! Like they literally were actively installing as I drove by. Sadly didn’t have time to snap a picture.
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I saw that leaving the train station tonight!
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Same local listing broker as Novus and other Durham condo projects! Appears Raleigh is starting to get a condo market
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Do we think this means they’re trying to presell the condos before they get started?
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Yes, pretty much withdraw and submit new one. If the site plan doesn’t change much just height then should be quick but apartments to condo correct? Been a long time since submittal.
So the one bedrooms will be starting at $795K. Do you think people will pay that?
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1-4 bedrooms starting at 795k. So the 2nd floor 1 BR overlooking the abandoned Firestone lot will be 800k. I can only imagine how much a 4 BR on the top floor overlooking Nash Square will be!
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Though floors like 3 to 5, with the tree canopy out your windows would also be prime.
We will soon find out. I wonder what the size of the 1 bedroom is? I’m curious about the amenities as well. For 800K, it better be pretty damn special.
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I would guess it’s going to be similar to a NYC condo with paneled subzero, Wolf cooktop, wall oven, along with beverage fridge. Bathroom should have spacious vanity with freestanding tub. Overall I’d say a 1 bed unit is probably in the 800-900 SF range. I can’t imagine it will be crazy with amenities compared to an NYC condo.
I do wonder if the Raleigh condo buyer market has the appetite for the over top amenities found in places where condos are $2,000+ sf (wine cellars, private dinning, sports facilities, entertainment rooms, etc).
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John you could move from GloSo to the Park District!
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Nope. I prefer my location because it’s walkable to the Village District, NC State, and more daily businesses and services.
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The large penthouse units will be just under $4 million. I think there is interest in high end downtown condos but I’m not sure how much. The Durham condos seem to have sold well and I know several people who looked at those since there weren’t many available in downtown Raleigh.
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You (John) are in a pretty sweet spot with a lot of upside. Nash sq holds a lot of promise, but will not be the car-light lifestyle you live, at least near term.
Yeah, I completely agree that my current location has a lot of current upside, and as @GucciLittlePig has alluded to in a previous post, I don’t have decades to wait for this location to successfully mimic it.
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