The big guy has his grand opening today. Yep, it's Grand Opening day for the 360. This photo was taken a couple of weeks ago from the north. No one has closed on a unit yet (I believe the first are next week and ours is soon after that), but the party is today. We hope the star is ready for his closeup. There is still a bunch of blather about whether downtown is being overbuilt (see Statesman here) but I think it boils down to this: there is a demand for X condos that are more expensive than out of the central core but affordable to the middle to lower reaches of upper class. There is a demand for Y luxury condos. Y is less than X and yet it seems that the building is skewed the other way. The 360 claims a huge waiting list, running to almost half of the actual units. And the developers who built it claim they are going to start shortly building more high rises downtown. I'll be watching for that from my balcony.
Thursday, May 22, 2008
It's Your Day, Big Guy
The big guy has his grand opening today. Yep, it's Grand Opening day for the 360. This photo was taken a couple of weeks ago from the north. No one has closed on a unit yet (I believe the first are next week and ours is soon after that), but the party is today. We hope the star is ready for his closeup. There is still a bunch of blather about whether downtown is being overbuilt (see Statesman here) but I think it boils down to this: there is a demand for X condos that are more expensive than out of the central core but affordable to the middle to lower reaches of upper class. There is a demand for Y luxury condos. Y is less than X and yet it seems that the building is skewed the other way. The 360 claims a huge waiting list, running to almost half of the actual units. And the developers who built it claim they are going to start shortly building more high rises downtown. I'll be watching for that from my balcony.
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My wife and I live a downtown condo lifestyle and feel it was the best move we have made in our life ... Our condo complex was billed as "affordable urban living" and it is less expense than some but still a lot move per square foot than what one finds in the burbs ... enjoy the 360 and share lots of photos.
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