The Vue

[ElricSeven]

Not to be a pessimist, but this is the same contract model that The Park used I believe, and they had a tough time converting reservations into contracts.

We'll see, and this city continues to surprise me with it's hidden money.

<{POST_SNAPBACK}>

Another thing to think about is that that money is at risk if they go banrkupt. You might never get it back. That's a lot of cash to give over to an uncertain enterprise.

[atlrvr]

True, but legally this money has to be held in escrow......not that this money doesn't sometimes disappear, but I think the perception of risk is more of a factor than the actual risk......for me, it's "I sure could make a lot of money with $40k in 3 years, rather than letting it sit around collecting dust".

[SmellyCat]

atlrvr- The information I got from the Vue was that 5% was due to reserve a unit and then an additional 5% is due when they break ground(around 10 months later) if your unit is under 400k.

How does this info effect your opinion.

<{POST_SNAPBACK}>

10% down is way too high. It would definitely discourage me from buying. I've not heard more than 5% down required for any new condo in this area.

[ElricSeven]

True, but legally this money has to be held in escrow......not that this money doesn't sometimes disappear, but I think the perception of risk is more of a factor than the actual risk......for me, it's "I sure could make a lot of money with $40k in 3 years, rather than letting it sit around collecting dust".

<{POST_SNAPBACK}>

That too. Or I could buy another boat with it.

[Skyybutter]

Any opinion on The Vue actually happening? This is the project that Im most excited about. I think its going to spur more high-rise development closer to 77 which will be good not only for the skyline but also the Music Factory starting to take shape.

[atlrvr]

I've expressed my opinion over the last 2 pages

[rockhilljames]

After my meeting with the planning commission I'm a lot more optimistic about this project than I was before. I'm not as worried about the 10% down as some folks. It's 5% originally and then another 5% when they break ground. Once a project like this breaks ground, people tend to be a little more open to having money tied up with it.

My friends at the city say that of all the condo projects this one is by far the "best product," to use their words.

[sleightofhand]

^I'm curius why the planning committee made you more confident? That is if you can say.

The sales center should be opening within a month from what I can gather.

[rockhilljames]

No real reason, other than the fact that usually when a project is overreaching, or if it just doesn't have the backing/planning to execute it, they usually aren't shy about telling me. They all seem very excited about this project and think it has a great chance. Whether that actually translates into anything concrete or not I have no idea.

When it was proposed I figured that it might be the developer just testing what the market would bear, but it seems that they are very serious about building this.

On a sadder note, I was walking by the sales center location of the Park Condos yesterday, and a little piece of paper was pasted to the window of the office. It said, "We have met our presales goal and are now meeting with prospective buyers by appointment only." It gave a phone number...

[atlrvr]

The sales center for The Vue is about 99% complete....I stepped inside today and they said they hoped to be open by the end of the week.....apparantly they are going to try to beat The Avenue to the punch.

[A2]

The sales center for The Vue is about 99% complete....I stepped inside today and they said they hoped to be open by the end of the week.....apparantly they are going to try to beat The Avenue to the punch.

<{POST_SNAPBACK}>

This is GREAT news. Thanks atlrvr.

A2

(In all honesty, this is the one that I want more than any of the ones going up so far. It looks very similar to the John Hancock tower in Chicago with those antenna at the top)

LOVE IT

Edited August 2, 2005 by A219724

[sleightofhand]

atlrvr- How did the sales center look? When I went by the doors were locked. I'm going to go back this week.

[atlrvr]

I only stepped a few feet inside, but it's nice....the have a kitchen mock-up and lots of little cubes for agents to sit and take your money.

[Norm2]

haha.....lots of little cubes.....lol

[Skyybutter]

haha.....lots of little cubes.....lol

<{POST_SNAPBACK}>

Im most excited about this building. I think it will spur more high-rise activity on that side of CC. This is great news.

[monsoon]

Indeed. I think this building is going to be the best investment property in DT Charlotte of all of the ones announced so far. Especially anything from say about 25 stories and up. Its nice looking, its in the high rent prestigious part of DT, not near a freeway and train horns, and is a very easy walk of everything important. I predict this will become the most important property in DT Charlotte.

[Lady Celeste]

I just reviewed the rendering. This building is absolutely beautiful. Location, location, location!!!! I agree with monsoon about this property.

I know it probably has already been shown but does anyone have the website to The Vue?

[dubone]

http://www.vuecharlotte.com/

[Lady Celeste]

^Thanks Suge!

I viewed the website. I'm really intirgued. I can't wait to see the floor plans.

[skysdalimit]

Yep, this looks like an AWESOME tower, I can't wait!

[peaceloveunderstanding]

about the floor plans... when should they be released online?

[sleightofhand]

From what I understand they are going to contact people who have already signed up on the email list.

They will show those people a presentation of the Vue and give them first chance at reserving a unit.

Supposedly this will happen sometime in August.

[zmobie]

I just received a call from a lady with The Vue sales. She said the sales center will open in September and that they're making appointments for tours and whatnot. I declined because I'm really not interested (happy at Latta Pavillion), but I thought I'd pass along that the calls have begun.

[atlrvr]

Bizarre....I wonder why they told me that they'd be open this week....if they were smart they'd open before Avenue does......

[SmellyCat]

I just received a call from a lady with The Vue sales.  She said the sales center will open in September and that they're making appointments for tours and whatnot.  I declined because I'm really not interested (happy at Latta Pavillion), but I thought I'd pass along that the calls have begun.

<{POST_SNAPBACK}>

Yeah, I just got the same call. I put my name on a mailing list just for the heckuvit. They said sales office open on Sept. 1.