Just thinking the same thing. Also the Saint.
I wonder if the storage building blocks any views from these.
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That storage facility is clearly in their view. While I doubt that the storage building is a forever use case of that land, it’s certainly not going anywhere soon.
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And it’s replacement is almost certainly going to be bigger.
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I couldn’t tell if there was Sqft information for the units. Have any idea of price per sqft?
@RaleighSouth -2300-2600 SF Layouts according to the info that I received from the builder rep So right at that $552SF mark
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It’s not completely absurd given their size. If North Hills can rent an apartment for $14,000 a month, someone can buy a $1.3m townhome…
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And that price per sf is what condos in our building sold for recently so it’s on point.
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They started the framing on the farthest unit from you (against the wall) yesterday.
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yep. walked by it today on my walk with @OakCityKarla
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At $1.2-$1.4M, they are clearly charging per word!
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And for $1.37M you can even get windows with a beautiful view of the backside of Wicked Witch building (which was just painted).
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I wonder if their views will be better than the Cameron Crest townhomes, which got to stare at a parking deck in that same price bracket.
Ironically though last time I looked I saw all those Cameron Crest places have sold so there market is there I suppose 
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I guess you have to be ok paying $552 sf for location and not view. I am seeing more and more units that are looking at walls, parking decks, and the like.
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That makes me wonder what the price would be if something was both nice AND had a good view. I’m imagining something of this build quality overlooking Dix Park or in the Nash Square/Nexus development. Wouldn’t be surprising to see something in the $2 million price range.
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Not to promote gentrification but I do think we need more high rise condominiums.
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High rise = density = more availability = more affordability = less displacement = less gentrification
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I’m actually surprised at how few condos there are. Apartments sure, but I feel like there is a real lack of condos.
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Probably driven by interest rates… it’s pretty lucrative to build an apartment building, lease it to 60-70% and sell it to some leveraged buyer or yield starved pension fund at a 4-5% cap rate. Plus you don’t have the pre-sale requirements for a loan, don’t have to deal with buyer requests, inspections, etc…
What’s happening now (higher interest rates, lower availability, high demand) - might shift this equation to be condo favorable.
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