Discuss Detroit » Archives - Beginning January 2006 » 1001 Woodward condos « Previous Next »
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Mind_field
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Username: Mind_field

Post Number: 537
Registered: 10-2003
Posted From: 209.240.205.61
Posted on Tuesday, March 28, 2006 - 11:22 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Does anyone know if these have started selling yet?
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Mcnamara
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Username: Mcnamara

Post Number: 39
Registered: 06-2005
Posted From: 204.22.230.98
Posted on Tuesday, March 28, 2006 - 4:38 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

There website still says "coming soon" its been that way for months....
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Spidergirl
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Username: Spidergirl

Post Number: 176
Registered: 12-2004
Posted From: 63.77.247.130
Posted on Tuesday, March 28, 2006 - 4:54 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I'm a bit surprised this wasn't brought up earlier.

I had my name on the pre-construction list and finally got the call in January that they had finalized pricing. I was told the pre-construction price was set at $275 per sq. ft. which puts even their smallest unit (1,022 sq ft) at $281,050.

The developer also said there would be a 15% price increase after the pre-construction phase.

Needless to say it's just a tad bit out of Spidergirl's price range. I just gotta get Spiderman as interested in moving downtown as I am, then maybe...just maybe...
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Jfried
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Username: Jfried

Post Number: 757
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Tuesday, March 28, 2006 - 4:57 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

http://www.1001woodward.com/
http://citylivingdetroit.com/0 5/housing.php?type=C
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Detroiternthemist
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Username: Detroiternthemist

Post Number: 27
Registered: 01-2006
Posted From: 64.118.149.50
Posted on Tuesday, March 28, 2006 - 4:58 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

^^^^Spiderwoman .........Spiderman wants a brief description?
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Reetz12
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Username: Reetz12

Post Number: 39
Registered: 09-2005
Posted From: 216.144.213.130
Posted on Tuesday, March 28, 2006 - 4:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Called the other day and they are anticipating move in date of November 2006. (find it hard to believe.)

Also heard they are going to construct only one floor and use it as there model units, although was told they are going to downsize some of the larger units into two seperate units.
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Brandon48202
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Username: Brandon48202

Post Number: 80
Registered: 12-2004
Posted From: 69.221.92.212
Posted on Tuesday, March 28, 2006 - 5:01 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I took the tour a couple of months ago. The building has a great location and views- right now it is the only condo you can buy in the CBD. $275/sq. ft. is a bit steep though!

(Message edited by brandon48202 on March 28, 2006)
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Mcnamara
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Username: Mcnamara

Post Number: 40
Registered: 06-2005
Posted From: 204.22.230.98
Posted on Tuesday, March 28, 2006 - 5:41 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

wow, $275 is very steep, but i guess if people are willing to pay that price.....
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Eastsidedog
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Username: Eastsidedog

Post Number: 91
Registered: 03-2006
Posted From: 68.20.140.8
Posted on Tuesday, March 28, 2006 - 5:47 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

$281,000 for 1,022 square feet! My god people are getting robbed! I just don't get the loft craze at all.
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Rrl
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Username: Rrl

Post Number: 459
Registered: 12-2003
Posted From: 71.213.227.199
Posted on Tuesday, March 28, 2006 - 5:48 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The price seems steep, but what does that include? Parking, doorman/security, fitness room, etc? I also would imagine that the finishes would be on the high end, wood floors, stone tops & baths, etc.
If all these items are included in that cost, then pricing does not seem excessive.
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Ndavies
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Username: Ndavies

Post Number: 1701
Registered: 10-2003
Posted From: 129.9.163.233
Posted on Tuesday, March 28, 2006 - 5:49 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Hmmm, $275/SqFt? Any one interested in a couple of 1500 Sqft units a block south of there?
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Mcnamara
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Username: Mcnamara

Post Number: 41
Registered: 06-2005
Posted From: 204.22.230.98
Posted on Tuesday, March 28, 2006 - 5:56 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

yes.
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Spidergirl
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Username: Spidergirl

Post Number: 177
Registered: 12-2004
Posted From: 63.77.247.130
Posted on Tuesday, March 28, 2006 - 5:56 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The price includes one parking space (you can purchase another for $25,000) and the concierge. I was told they probably would NOT have a fitness center with the new YMCA and the DAC nearby.

Rrl you are right on the finishes. Appliances are stainless, hardwood floors, granite countertops etc...

I know they are calling this the premier place to live, and it truly will be once it's finished. I'm just not sure how many units they will sell for that price. And don't forget the monthly assessment at $0.40 a sq. ft!!
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Spidergirl
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Username: Spidergirl

Post Number: 178
Registered: 12-2004
Posted From: 63.77.247.130
Posted on Tuesday, March 28, 2006 - 5:57 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

LOL @ Detroiternthemist
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Eastsidedog
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Username: Eastsidedog

Post Number: 93
Registered: 03-2006
Posted From: 68.20.140.8
Posted on Tuesday, March 28, 2006 - 6:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Fucking stainless steel appliances and granite coutertops. People are obsessed with this shit. Who cares! They will be dated in 5 years.
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Eastsidedog
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Username: Eastsidedog

Post Number: 94
Registered: 03-2006
Posted From: 68.20.140.8
Posted on Tuesday, March 28, 2006 - 6:05 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I'm gotta plan. Buy a bunch of houses by city airport and install stainless steel appliance and granite countertops and sell em for $300,000 a pop. Those amenities will be a sure sign that the area is "coming back" and is safe to walk the streets at night.
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Alexei289
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Username: Alexei289

Post Number: 1084
Registered: 11-2004
Posted From: 68.61.183.223
Posted on Tuesday, March 28, 2006 - 7:31 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

... the property taxes would eat through that in no time :-(
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Dialh4hipster
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Username: Dialh4hipster

Post Number: 1508
Registered: 11-2004
Posted From: 68.250.205.35
Posted on Tuesday, March 28, 2006 - 8:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)


quote:

Fucking stainless steel appliances and granite coutertops. People are obsessed with this shit. Who cares! They will be dated in 5 years.




Will be? The design community had a post-mortem on granite countertops about, oh, ten years ago. Stainless steel appliances only recently fell out of vogue, but you can stick a fork in that trend too.
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Ndavies
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Username: Ndavies

Post Number: 1702
Registered: 10-2003
Posted From: 69.212.213.169
Posted on Tuesday, March 28, 2006 - 9:14 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)


quote:

... the property taxes would eat through that in no time




I believe they are NEZ. The taxes will be cheap for 12 years.
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Royce
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Username: Royce

Post Number: 1567
Registered: 07-2004
Posted From: 68.255.240.236
Posted on Wednesday, March 29, 2006 - 2:15 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

What happened to the talk of building additional condo units on top of the new parking deck next door? Sure don't see anything on top of the parking deck that looks like housing.
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Lmichigan
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Username: Lmichigan

Post Number: 3450
Registered: 10-2003
Posted From: 67.172.95.197
Posted on Wednesday, March 29, 2006 - 2:35 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

That was supposed to be in anticipation that the condos in the 1001 would sell quickly. That hasn't yet materialized. It was always a concept, anyway, and not a full proposal.
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Erikd
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Username: Erikd

Post Number: 560
Registered: 10-2003
Posted From: 69.242.214.106
Posted on Wednesday, March 29, 2006 - 3:17 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Royce,

The idea of adding on top of the deck is just a future possibility. There was never a planned addition for the near future. If the downtown boom continues, it may happen in 10 or 15 years, but there are no plans for it at this point.
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Crew
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Username: Crew

Post Number: 902
Registered: 02-2004
Posted From: 146.9.52.33
Posted on Wednesday, March 29, 2006 - 11:23 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Dialh4, So what's the latest trend for countertops and kitchen appliances?
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Detroitduo
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Username: Detroitduo

Post Number: 558
Registered: 06-2005
Posted From: 194.138.39.53
Posted on Wednesday, March 29, 2006 - 11:38 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

We were actually considering doing a polished concrete countertop. Our appliances are stainless already, so those will remain. Besides, they will look good with a nice grey polished counter. Ofcourse, now we'll have to figure out what to do with our cabinettes...
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Crew
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Username: Crew

Post Number: 903
Registered: 02-2004
Posted From: 146.9.52.33
Posted on Wednesday, March 29, 2006 - 11:41 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I have fairly traditional Oak cabinets. I'm thinking of staining them black but I'm not sure what to do with the countertops. I guess I should have started a new thread.
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Jfried
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Username: Jfried

Post Number: 759
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Wednesday, March 29, 2006 - 11:53 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

richlite recycled paper countertops are the new granite. go green.

http://www.luxuryhousingtrends .com/archives/2005/06/recycled _paper.html
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Detroitduo
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Username: Detroitduo

Post Number: 560
Registered: 06-2005
Posted From: 194.138.39.53
Posted on Wednesday, March 29, 2006 - 12:08 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I'm hoping to come up with something cool and interesting while I'm in europe... I've already figured out what I want in the living room for lighting, though.

hahahaaha... threadjacking is fun.
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Jt1
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Username: Jt1

Post Number: 7099
Registered: 10-2003
Posted From: 198.208.159.20
Posted on Wednesday, March 29, 2006 - 12:09 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Black lights and trippy posters went out in college.

:-)
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Detroitduo
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Username: Detroitduo

Post Number: 562
Registered: 06-2005
Posted From: 194.138.39.53
Posted on Wednesday, March 29, 2006 - 12:10 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Damn-it Jt1! Why do you have to ruin all of my ideas?
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Lt_tom
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Username: Lt_tom

Post Number: 74
Registered: 06-2004
Posted From: 144.147.1.66
Posted on Wednesday, March 29, 2006 - 3:04 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

$280K for 1000 sq ft?! You can live right next to the Las Vegas Strip for that price
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Gambling_man
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Username: Gambling_man

Post Number: 681
Registered: 11-2003
Posted From: 201.154.132.70
Posted on Wednesday, March 29, 2006 - 3:12 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The units at 1001 are NOT lofts, but rather luxury apartments. Big difference.
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Itsjeff
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Username: Itsjeff

Post Number: 5715
Registered: 10-2003
Posted From: 208.27.111.125
Posted on Wednesday, March 29, 2006 - 3:13 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I'm tempted to get one just so I can look down on NDavies.

Oh, wait. I already do look down on NDavies.
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Gambling_man
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Username: Gambling_man

Post Number: 683
Registered: 11-2003
Posted From: 201.154.132.70
Posted on Wednesday, March 29, 2006 - 3:17 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Pierre LeBlanc is the sales agent. 313-963-1001
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Upinottawa
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Username: Upinottawa

Post Number: 268
Registered: 09-2005
Posted From: 198.103.184.76
Posted on Wednesday, March 29, 2006 - 3:21 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

$280K for 1000 square feet would be a bargain here in downtown Ottawa.
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Ndavies
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Username: Ndavies

Post Number: 1711
Registered: 10-2003
Posted From: 129.9.163.233
Posted on Wednesday, March 29, 2006 - 3:21 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

And you're telling me the lofts near by are really lofts.
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Eastsidedog
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Username: Eastsidedog

Post Number: 102
Registered: 03-2006
Posted From: 12.47.224.7
Posted on Wednesday, March 29, 2006 - 4:18 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Ndavies, exactly most the "lofts" out there are fake. If it's not one room with an adjacent bathroom, it's not a loft, it's a marketing ploy. I lived in a loft for real. 1000 square feet. 1 room + bath. turn of the century building. $600 a month. all utilities included. I even had a key to the basement to turn off the heat when it got too warm. :-)
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Jt1
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Username: Jt1

Post Number: 7107
Registered: 10-2003
Posted From: 198.208.159.20
Posted on Wednesday, March 29, 2006 - 4:24 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

One day I hope to live in a 3 bedroom loft next to a lifestyle center.

:-)
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Swingline
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Username: Swingline

Post Number: 425
Registered: 11-2003
Posted From: 172.175.26.90
Posted on Wednesday, March 29, 2006 - 5:14 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

$275 sq. ft. This price level in Detroit makes for an interesting discussion about contrasts between markets. FWIW, I hope that the developer can get this price.

For comparison, some of the new Royal Oak "hi rise" loft construction is going for $300-325 sq. ft. Lake Shore Drive condo apartments in Chicago with lake views and higher end finishes go for $325-350 sq. ft. An intriguing value contrast between these loft and apartment prices can be found if one looks at single family homes in neighborhoods such as Palmer Woods, Boston Edison and Indian Village where "move-in" condition mansions (4000 sq. ft and up) with luxury kitchens (a major selling point) currently sell for $100-$120 sq. ft. and sometimes less.
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Slows
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Username: Slows

Post Number: 117
Registered: 01-2005
Posted From: 69.246.28.200
Posted on Wednesday, March 29, 2006 - 5:25 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Swingline, there is definitely a disconnect currently between single-family homes and condo prices in Detroit to the tune of about $100 sq. ft. if not more.

By the way, no offense but the $325-$350 are the older units in Chicago, the newer units can get upwards of $700/sq. ft.
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Swingline
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Username: Swingline

Post Number: 427
Registered: 11-2003
Posted From: 172.175.26.90
Posted on Wednesday, March 29, 2006 - 6:04 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Slows, the astronomical Chicago/Lake Shore Drive condo prices like $700/sq. ft are only prevalent down in the North Loop/North Mich Ave. areas. In my earlier post, I was talking about places such as the more ordinary Lakeview neighborhood (Addison/Belmont Avenue areas.) These areas would have household incomes more similar to the demographic that is likely the target for 1001 Woodward. The $700 sq. ft. crowd is simply far too small in this region (unlike New York, Chicago, etc.) to even try to attract to downtown Detroit.
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Eastsidedog
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Username: Eastsidedog

Post Number: 107
Registered: 03-2006
Posted From: 12.47.224.7
Posted on Wednesday, March 29, 2006 - 6:24 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Swingline, good comparison to the single family home market. The disconnect is really insane. It think the condo/loft boom is driven by a lot of factors, a big one of which is fear. If you by a house it's up to you and only you to secure it. People moving into these loft/condo units seem to be a bit afraid of the "real Detroit" which is of course it's neighborhoods where 99% of the population lives. Seriously, tell a suburbanite you live in a loft downtown and they'll say "cool", tell em you live in a house in a neighborhood and they'll say "really, are there crack houses? Is it safe?" People pay the premium to remove the stigma. Nowadays, the word "loft" alone, symbolizes, money, choice and upper class living.
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Slows
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Username: Slows

Post Number: 118
Registered: 01-2005
Posted From: 69.246.28.200
Posted on Wednesday, March 29, 2006 - 6:31 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Swingline, agreed and understand your point, thought you were comparing downtowns and not buyers.
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Eric
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Username: Eric

Post Number: 389
Registered: 11-2004
Posted From: 35.11.210.161
Posted on Wednesday, March 29, 2006 - 6:44 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

You ever think Detroit is no different than any other major city where the market commands higher prices downtown. I guess the $400 difference Chicago prices sited above is because of fear. Also I don't get how someone who lives downtown doesn't live in the "real Detroit" seems pretty real to me with more homeless people, more crime than downtown Royal Oak and other suburbs downtowns things than come with living in a major city .
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Jfried
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Username: Jfried

Post Number: 764
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Wednesday, March 29, 2006 - 6:49 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

eastside spouting off a little provencialism....

jfried - condo owner....aka "fake detroiter"
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Eastsidedog
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Username: Eastsidedog

Post Number: 111
Registered: 03-2006
Posted From: 12.47.224.7
Posted on Wednesday, March 29, 2006 - 7:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Jfried, never said they were fake, but really, living in a brand new condo and living in a neighborhood, exposes you to totally different people. The relatively successful urban neighborhoods in the city are full of long-time residents, new-residents, gay, straight, black, white, blue, purple, rich, middle, lower, poor, single, couples, families you name it. You can't deny that many of the big new developments cater to one income range (folks on WIC aren't living anywhere near 1001). Plus everyone is new residents. It just generates a very different and safer (but I think duller) experience. Not trying to be provincial, it's just the truth. But they are still very important, people need to feel safe and some can handle more than others. When I first moved downtown I lived in what I called "the bubble" AKA Lafayette Towers which is definetly very safe (but actually they still had Section 8 folks grandfathered in there, and they were some of the coolest, nicest, most interesting residents there). If you live in a shiny tower of exclusiveness you miss out IMO. But hey to each their own. These one income communities have a cousin in the suburbs: Gated Communities. Harbortown, Oh wait...
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Mind_field
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Username: Mind_field

Post Number: 541
Registered: 10-2003
Posted From: 209.240.205.61
Posted on Wednesday, March 29, 2006 - 7:11 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

The 2000 ft. tall Fordham Spire proposal in Chicago will command prices of over $1,000 per sq. ft. Now that is some expensive real estate. Of course owners of condos on the very top floors (124 floors) facing the lake will be able to watch the sun rise over our state. Good ole' Chicago.
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Jfried
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Username: Jfried

Post Number: 765
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Wednesday, March 29, 2006 - 7:29 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

eastside - you're really generalizing by saying that many people move into the condos because of "fear." I would say convenience, affordability (there are a lot more condos with NEZ), location, etc. Safety may be an issue for some, but I definitely don't think its a major factor - otherwise those people probably wouldn't live in the city at all.

I get your point, two completely diferent lifestyles, but to say one part of detroit is more "real" gets pretty hard to define. Is Mack & Bewick more "real" than 3rd & prentise? Are the Grinnel lofts more "real" than the Riverfront Towers? You know what I mean?

Fordham Towers are ridiculous. http://www.chicagoarchitecture .info/Building/708/Fordham_Spi re__The.php
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Eastsidedog
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Username: Eastsidedog

Post Number: 112
Registered: 03-2006
Posted From: 68.250.174.211
Posted on Wednesday, March 29, 2006 - 10:17 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Jfried, I said in my post that fear was but one factor. You could site NEZ as a reason. But you definitely can't site affordability. The new construction/rehab units are quite pricey with very few units below the $200k range and most are $300k+. Not exactly affordable, to working class folks anyways.

Regarding the term "real": (from dictionary.com)


quote:

re·al1 ( P ) Pronunciation Key (rl, rl)
adj.

Being or occurring in fact or actuality; having verifiable existence: real objects; a real illness.
True and actual; not imaginary, alleged, or ideal: real people, not ghosts; a film based on real life.
Of or founded on practical matters and concerns: a recent graduate experiencing the real world for the first time.
Genuine and authentic; not artificial or spurious: real mink; real humility.

Being no less than what is stated; worthy of the name: a real friend.
Free of pretense, falsehood, or affectation: tourists hoping for a real experience on the guided tour.
Not to be taken lightly; serious: in real trouble.
Philosophy. Existing objectively in the world regardless of subjectivity or conventions of thought or language.
Relating to, being, or having value reckoned by actual purchasing power: real income; real growth.
Physics. Of, relating to, or being an image formed by light rays that converge in space.
Mathematics. Of, relating to, or being a real number.
Law. Of or relating to stationary or fixed property, such as buildings or land.



Yes there are many degrees of "realness" and different people prefer different degrees. I prefer a less programmed environment, but as can be evidenced by the extreme popularity of places like gated communities and "lifestyle" centers, sterile highly programmed environments are gaining more and more favor in America. Indoor shopping malls were the start, as were subdivisions. Now America is taking it to the next level. Now more than ever, the idea of places being "real" has even more importance and definite meaning especially in our prefabricated, technology-laden society. Places that are less planned, less fabricated, and more chaotic are thus more real.

Eassidedog, "Keepin it real" on the East Side. Fuck the programmers.
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Ndavies
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Username: Ndavies

Post Number: 1718
Registered: 10-2003
Posted From: 129.9.163.233
Posted on Thursday, March 30, 2006 - 10:22 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

How about being unwilling to pay the $500 a month for Gas in the winter and over $200 a month electric for air conditioning.

My condo's highest gas bill was $75 this winter. What was the gas bill of those woderful old mansions with no insulation in BE or IV.

I hate yard work. I would rather pay someone else to deal with it.

Some of us refuse to pay the upkeep on a 100 year old home with Flaky wiring, leaky plumbing, outdated fixtures, no AC and no insulation.

Everyone has reasons for where they are. Their reasons are just as valid to them as your reasons are to you. Don't discount other peoples choices just because they don't agree with yours.
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Jfried
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Username: Jfried

Post Number: 771
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Thursday, March 30, 2006 - 10:45 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

eastside - no, you said it was a "big" factor.
------------------------------ -------------------
It think the condo/loft boom is driven by a lot of factors, a big one of which is fear.
------------------------------ -------------------

NEZ alone makes the payment on a 200k condo about the same as 140k house in the Detroit. Then you take the things ndavies pointed out into account (gas, electric)plus insurance, etc., and I think that most condos ARE more affordable.

If you want to think you're keeping it real that's cool, but try not to generalize a whole group of people who are making up a majority the city's growth.
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Detroitduo
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Username: Detroitduo

Post Number: 565
Registered: 06-2005
Posted From: 194.138.39.54
Posted on Thursday, March 30, 2006 - 10:52 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

OMG... I thought this day would never happen...

I actually agree with something Jfried says...
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Llyn
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Username: Llyn

Post Number: 1490
Registered: 06-2004
Posted From: 68.61.197.206
Posted on Thursday, March 30, 2006 - 11:00 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

1,000 square feet in San Francisco can be a million dollars. I spoke with a real estate agent out there several years back, and he had just sold such a loft.

Of course it's San Fran, but it's also nearly four times as much. So what some of us are willing or able to pay may not make a difference if the property is desirable and the market is blowing up.

PS
Ndavies, another perspective here... though not a mansion, my colonial has:

1) New central AC
2) Partially new wiring
3) Plumbing that never leaks
4) Newer fixtures
5) New energy efficient windows
6) Blown-in insulation
7) I can hire someone to do my yardwork, too, and i have no association fees to pay

Have to admit my gas bills were still pretty high. But then I have two wood burning fire places, beautiful plaster ceilings, a sun room, a second floor deck, beautiful old trees, my own two car garage with electric door opener, etc., etc. And all of this still for less per square foot that what you paid.
:}
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Llyn
Member
Username: Llyn

Post Number: 1491
Registered: 06-2004
Posted From: 68.61.197.206
Posted on Thursday, March 30, 2006 - 11:03 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

PPS
Not trying to keep it real... or not keep it real...

Just waiting for our new tax break here in Green Acres...
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Ndavies
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Username: Ndavies

Post Number: 1719
Registered: 10-2003
Posted From: 129.9.163.233
Posted on Thursday, March 30, 2006 - 11:10 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Llyn, I agree there are benefits to purchasing older homes. I've rehabbed 3 already in my life. I still own a 100 year old farmhouse in Monroe county. This time around I had neither the time nor the inclination to do it to another house. I wanted something that I could move into and not have to worry about all the shit involved with a used house.

My point was that different properties offer different benefits. Different people have different priorities. Other peoples priorities are just as valid as yours.
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Jfried
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Username: Jfried

Post Number: 774
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Thursday, March 30, 2006 - 11:15 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

llyn - I'm sure those updates cut costs, and you probably did pay less per sq ft, but you have to admit that you ongoing cost are still much higher.

don't get me wrong, I think that having a house would be great. the yard it what I really desire. I would have liked to find something to rehab, but I planned on going back to school, while working about 60 hrs a week, I knew I just wouldn't have time.

detroitduo- do we disagree that much?
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Cjdb16
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Username: Cjdb16

Post Number: 113
Registered: 11-2003
Posted From: 198.109.49.243
Posted on Thursday, March 30, 2006 - 11:26 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I live in a rehabbed condo in a wonderful Detroit Neighborhood, Woodbridge. It's the best of both worlds, and it's for sale. Call O'Connor Realty and make this dream life yours...
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Detroitkev
Member
Username: Detroitkev

Post Number: 63
Registered: 04-2005
Posted From: 70.236.180.191
Posted on Thursday, March 30, 2006 - 11:33 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

As others posted, people will pay for the convenience. I like living within walking distance of the gym, movie theatre, restaurants, bars, the bank, the barber, riverfront walkway, Campus Martius Park, soon to be shopping. The more amenities that exist drives up the value of your home.

I grew up in Detroit, in old Southwest detroit, and I'd have to say that living there isn't much different than living Downtown. Sure, there are more middle class residents downtown, but there are still plenty of lower income folks...and that will be the case for quite awhile. The only difference was that in Southwest the next door drug dealers were discrete, as opposed to open drug dealing around Masonic Temple, and near Marios. I'd say that the Downtown/Midtown areas are pretty "real" neighborhoods to live in. And although some people who grew up in boring suburbia (with everyone exactly like them)like to live next to crackheads in the city(maybe because it's like some sort of novelty), I gotta tell you it's not all that. Been there, done that, and I prefer to live in an area that has well educated people that contribute to the betterment of the city.
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Eastsidedog
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Username: Eastsidedog

Post Number: 118
Registered: 03-2006
Posted From: 69.220.142.7
Posted on Thursday, March 30, 2006 - 2:48 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Jfried, let me clarify, I have no problem with new construction (Detroit needs plenty), but I definitely have a problem with gated communites which are absolutely popular because of FEAR and keeping out "undesirables."

A good example of what Detroit really needs are homes like the ones in North Corktown. We also need rowhouses and 5-20 story apartment buildings built on a similar urban scale. Detroit needs less Harbortowns, Victoria Parks, and Rivefront Towers. Leave that stuff in the suburbs where it belongs.
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Jfried
Member
Username: Jfried

Post Number: 775
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Thursday, March 30, 2006 - 3:27 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I wouldn't want to live in one of those gated communities, but everyone has a right to choose. and you may be right that some people decide to live in these places out of concern for their safety, but I'm willing to bet a lot more of the people who live in harbortown, or riverfront are there for the river, marina, parkland, and recreation (tennis/pool/etc.).

detroit is a large city - there is room for a mixture of development types. besides, when was the last gated community built? you act as though every new condo project is gated...
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Eastsidedog
Member
Username: Eastsidedog

Post Number: 124
Registered: 03-2006
Posted From: 69.220.142.7
Posted on Thursday, March 30, 2006 - 4:04 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Let's see Harbortown's undergoing a large expansion (and yes the river is nice there are no "undesirables" in the river), the Rivertown lofts are gated off (although they don't have to be on the Jefferson side and they could reduce the parking and fill in the ravine next to it, it could function like a regular apartment building, hopefully it will once the uniroyal project takes hold). Really I hope that 1001 will funtion more like a regular apartment building and not seal itself of from the city with a layer of security. It still remains to be seen if the riverfront is developed with urban design principles or if it's sealed off from the rest of the city. And believe me, people increasingly love gated communities in America these days. Americans increasingly like their world to be squeaky clean, and tightly regulated, and well dull and boring.
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Spitty
Member
Username: Spitty

Post Number: 450
Registered: 07-2004
Posted From: 136.2.1.153
Posted on Thursday, March 30, 2006 - 4:07 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

It sounds to me like your dream home would be in an alley or under an overpass. What could be more real, ungated, and open to undesirables than that? How exciting that would be!
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Eastsidedog
Member
Username: Eastsidedog

Post Number: 126
Registered: 03-2006
Posted From: 69.220.142.7
Posted on Thursday, March 30, 2006 - 4:10 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Spitty, Hah ha. Sounds fun.

I have an idea, let's abolish poverty in America by moving away and pretending it doesn't exist.
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Jfried
Member
Username: Jfried

Post Number: 777
Registered: 11-2003
Posted From: 209.131.7.190
Posted on Friday, March 31, 2006 - 1:35 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

------------------------------ --------------------
Really I hope that 1001 will funtion more like a regular apartment building and not seal itself of from the city with a layer of security.
------------------------------ --------------------
what does this mean? secured doors, gated parking lots? don't you have these same things at your house?

"I leave my doors unlocked, even open sometimes. I leave my bike in the back yard. I don't lock my car, and I even leave change sitting on the seat. I keep it real. Up up."
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Eastsidedog
Member
Username: Eastsidedog

Post Number: 135
Registered: 03-2006
Posted From: 68.20.140.8
Posted on Friday, March 31, 2006 - 2:37 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Jfried. Good points. My house is like Fort Knox, but anyone can walk up and ring my doorbell. Apartment buildings seem to be a different situation. You're classic apartment building is pretty inviting. It's got a buzzer and may also have a doorman which is quite welcoming. The tone of the security at many of these new developments just say "go away." 10' iron fences, rude or apathetic security guards, camera's everywhere, big setbacks. But 1001 might not be that bad. I think doormen need to make a comeback. They were really friendly at Lafayette Towers, I knew them all by name and there was very low turnover. They are paid relatively well, and have benefits. Sometimes I visit there and see them and we chat. I guess I just think that these places should be more welcoming and more of a part of the fabric of the community, rather than be sealed off fortresses of money, exclusivity and power. Look at other cities with their apartment buildings that are knitted right into the neighborhood, with doormen and such. Again 1001 has potential to be like this with it's high-rise, urban architecture. Maybe I just want a bygone era. Am I making sense here?

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