That area is getting little injections of small modern-ish looking projects. My closest (favorite) ABC store is in Cameron Village, and sometimes I take a different route and am amazed to always see something new popping up.
Anyways, I actually thought this looked cute. I like this kind of style. Personal preference tho.
I mean, realistically there is not a lot a builder & designer can do with this size of building, costs/sales concerns and all that. Maybe its the color scheme that is turning me off, I donāt know. I tend to let myself react emotionally to a building.
I have encountered a lot of buildings of similar design, often this size around the SF Bay area, or with 6 more stores in the suburbs of Rome, IT. For the CV area, its certainly a more efficient use of space than the townhome/apartments we see there to the right. Ugly or not, its a good use of the space.
Cameron Villageās homes are well known for the mid-mod pedigree. I do like this proposed building but think itād be better, say, taking the spot of one of the bank buildings on Clark or Oberlin. Just as an exampleā¦I know those banks arenāt going anywhere. RE the ABC store, yeah that may be the best one in the State. I on the other hand live a block from perhaps the worst one in the State. Counter service only and a giant cluster in the parking lot every day.
I love it! I do agree with you on the color scheme (beige, how unique) - but the design is interesting and packs a lot onto a small lot.
I think it is a nice little project. Not the coolest looking, but not bad, and it will add some density. Same developer as the new 615 Peace project, right?
Iām definitely in favor of more small and medium scale condos for Raleigh.
Having only owned condos (4 of them over 30 years), I can tell you that the only problem with smaller projects is that they are more expensive to operate because shared costs arenāt distributed among a large number of owners.
Is this Daniels St? Looks like something Iāve seen recently (work), though I hadnāt seen a render.
Yeah Iām willing to get a condo but the places I like have insanely high fees. A friend lives in Vancouver (AKA Condoworld) and she complains about high strata fees (Canadian equivalent to condo fees) and itās still half the cost of what I see here in Raleigh.
That makes sense, but I would also think smaller projects have lower costs bc they donāt have the same type of amenities as a larger project. But Iāve never owned a condo.
As @John and I have spoken to before, itās important to understand whatās included in those fees before you jump to conclusions. Also in the mix is how often special assessments are done. Not defending them, just encouraging folks to understand before concluding.
True. Rest assured that the highest dues in smaller buildings will be associated with elaborate amenities and service levels like pools, gyms, community rooms, on-site staff, extensive landscaping, rooftop terraces, etc. If the building operates more simply, those costs can be avoided/mitigated. On the opposite side of the coin, if you have a bunch of amenities to cover $$$, the more owners the better!
I thought this was just going to be an office building (medical maybe?) and the post office actually had no idea where they were going to end up. Someone chime in if they know for sureā¦
Itās Wake Med building. Replacing the old post office.
Driving down Woodburn towards Wade Ave yesterday and saw August Construction Solutions wrapped fencing near the end. I checked their website for any project news and it isnāt listed. Anyone have any insight to what may be going in over there? I frequent the area and I feel like thereās some kind of construction going on in CV at every corner.
Pretty sure its this guy
I donāt think so. This was somewhere between Sutton Dr and Wade Ave on Woodburn Rd. Somewhere in this vicinity:
This just popped up on TBJ
Looks like that one holdout may have finally given in so the Bellwood Condos can be redeveloped up to 6 stories.
Around here on Google Maps, if anyone else wanted to take a look.
$17.5m for 55 units is a buyout price of ~$320k per unit if all of that money went to the property owners (I donāt know much about these mass-buyouts, so Iām not sure how much if any is skimmed off the top by various representatives of the whole group).
The āestimated valuesā around the web for these units vary a lot. For example, 1895 Bellwood Dr is estimated by Zillow to be worth $240k, but Redfin estimates it at $430k. I usually find these two to be much closer in their estimates. Maybe there is less info readily available on these older units and the two sites are making different assumptions when trying to find comparable units.
But at $292/sqft it might have been a pretty attractive offer for these. Per the article, they were built in the 40s and the owners were about to be on the hook for at least $825k in repairs, or $15k per unit.
