AND let us not forget we still have phase II of this mediocre building coming up. It’s like growing a field of mobile home trailers back home on the farm. With a touch of seafoam green for added interest.
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Phase II will cover up the worst side of the building and replace a dingy warehouse / popular homeless hangout. I’m pretty excited for it.
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True facts. Phase 2 will be better than what’s there. BUT it could have been so much better. Just saying
Im excited for them to take the Seafoam Green to the next level! I hope it’s in the sidewalks
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I would actually welcome all 3 of those in Raleigh
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First commercial tenant?
Public art?
Attention grabber for the Boulted crowd?
Neighborhood sentiment about the jack hammers and cement grinders?
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Fingers crossed for a Fruit By The Foot store!
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I thought we were in NC not Missouri
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It’s bad, but per-person that’s about what my rent is at Peace in Smokey Hollow, which is similar to other nearby apartments. Nothing new for the downtown area. But still too much.
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2/3 the space of my house for twice my mortgage payment, and no privacy. Sounds like a great deal! Though, admittedly, there’s no seafoam green on my house at all… that does kind of justify the price.
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I can kinda see splitting that cost 3 ways if you’re young and making a good living and want two roommates right in the middle of the city. I’d make sure I get the room with the private bath tho.
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All the floorplans are named after passenger rail routes. But yeah.
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Some places that are cheaper to rent a 1br in their core than Raleigh:
Philadelphia, Amsterdam, Atlanta, Portland, Luxembourg, Munich, Rotterdam, Buffalo, Berlin, Paris, Calgary, Bern, Vienna…
You get a lot more urbanism for your $ too in all of them.
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You’re getting a parking spot with your 1br in Raleigh, most likely far better amenities, and it has a MUCH more limited supply.
That price seems unjustifiable to me for a city like Raleigh. Who is the target audience for this unit? Is it 3 roommates as you suggest? A couple probably wouldn’t need 3 bedrooms and I can’t imagine too many families want to live here.
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Exactly what I was thinking. LOL.
Spitballing, but could be families that are here for work, but not sure they’re going to stay long enough to put down roots.
Also, my parents have a similar 3-br rental in the Bay Area - they get to live in a good location and have room to host the kids when we’re back, but don’t have to do any maintenance and upkeep.
$1300/mo for a spot in the heart of downtown with 2 of your friends is a great deal for young professionals. I had friends in SF and NYC paying $3500/mo for that pre pandemic.
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