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Stonewall Street Projects in 2nd Ward - Northwood Ravin, Proffitt Dixon, Walton Plaza


CLTProductions

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Ugh, why do all these awesome towers ALL have to be apartments. Hope we can get a condo project in the next few years. There's gotta be a decent market for them since the supply seems to be limited (highrise /277).  Skye, avenue, trademark, courtside, 230. All but one are over a decade old. 

Lenders would lend for condos then. You must self finance now, or be willing to spend 5+ million per acre on land, a few million on marketing, millions on design, engineering, planning approval and then sell 50%, and then, if all goes well by that point approach a lender about financing. If you self finance, you still have to do all that stuff and then pray someone is willing to buy your $600-700 psf shoe boxes when their wages haven’t gone up in 5 years. Charlotte buyers with that kind of moola buy in Dilworth, Myers Park and etc.


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5 minutes ago, JorgiPorgi said:

This project is inching along. Question: is the front portion still going to have that tall “fin” on the front, or has that been value engineered? 

466F8701-6485-4C01-A4EC-9BFACA14A0DD.jpeg

I mean it was approved with it, but I'm going with the "Value Engineered" opinion.

Screen Shot 2018-08-28 at 5.57.12 PM.png

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