Just need a new giant pile of dirt that seems like it will sit forever.
Interesting railing, not the usual stuff
Nice and wide side walks and cool light poles. Looks good
Downtown Raleigh Alliance announced Peace Apartments will welcome their first residents this week. The foot traffic and pedestrians will be a welcome change to this corner, hopefully it will encourage slower speeds down Peace St as well.
Now if they could focus all their efforts on getting the Publix up and running so people can hurry in with their masks on.
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Agreedā¦ just wish there wasnāt such a ādead zoneā on the west side.
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If the apartments are opening this week, does this mean that Johnson Street will also be opening?
Supposed to, yes. The resident entrance to the parking deck is from Johnson.
I would love to know how many units they have rented. It would give us a great measure of the effects of the pandemic. No matter how many he has rented though Iām sure heās had to reduce rent for people otherwise I doubt he could rent really any at all.
The ones that are grayed out might be claimed already. Looks like most havenāt be leased yet.
Prices are insane. How do these people have savings and rent $2,500 1 bed apartments?
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I would doubt that people are paying those prices now I bet they have negotiated a bit on an individual basis though. Prices will have to come down due to covid but it will take a while.
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Glad Iām 53 not 23. I have no idea how young people saddled with student loan debt, high rent, cell phones, internet bills etc get a foothold on life.
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I counted around 30 already rented, most are 1 bedroom units, although that 3 bedroom corner unit on the top floor is rented at almost 5k a month!
Itās not wonder homeowner-ship for young adults is at record lows.
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Those people who could afford to live there in the first place probably didnāt lose their jobs and are still doing okay. I mean if anything I have more money now than before the virus as I am spending a lot less on discretionary things. Probably that way for most who actually didnāt lose their jobs.
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How do the prices compare to Kaneās apartments in North Hills? Does anyone know?
I am going to guess that The Walter is going to be $$$$
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Same here, can not imagine trying to pay $2.500 for a 1 bed room apartment. Then Iām 70 I best I recall my first apartment was a 2br near NCSU was around $125. Family members keep telling me I need to move back to RAL and I keep saying no way Iām going to pay RAL prices.
back on subject itās nice to hear they are opening and Kane seems to think there is demand for more, based on rate he is building them. I suspect the Walter will be a lot more expensive.
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Iām assuming the people paying $2500 for a 1BR apartment arenāt 23 and saddled with debt. Iām 37 and my gf is 31. We both went to colleges we could afford, and lived in cheap apartments when we were getting started. We could afford to live in a $2500/mo apartment now as a result. Maybe some people are in the same boat. Maybe theyāre just rich. All I know is I would never pay that kind of money for any apartment, much less one that small.
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Easier to bring the price down then raise it later. Anyone ever buy a new car? Donāt they always offer some high price right out the gate? I bet itās the same here in a way.
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20 years ago I was on the cusp of graduating from State. Downtown apartments were around 500 a month and north Raleigh āgardenā apartments were the more sought after coming in around 700. My salary has about doubled since then. Sounds great until you compare to the rent increase.
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They are pricy. But, a little context. In a condo, I pay property tax and HOA dues that total over $1k per month. Add a mortgage to that and it doesnāt take long to make $2,500 per month not look sooo bad.
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