With its consistently high occupancy, condominium quality finishes, and superb location, the tower at Post Midtown Square presented an ideal way for Post to introduce its for-sale product in Houston. We feel like now is the right time to introduce top-quality condominiums to Midtown Houston, and we're eager to offer current residents and potential homebuyers the chance to buy a home with design elements and lifestyle amenities that are unmatched in this market.
Quotes about condominiums (13 Quotes)
This is great news. We've made it very clear we want job-creating businesses there, and from what I understand the prospective purchaser is planning industrial condominiums.
We're still talking to condo developers, but our purpose is to create very traditional-style duplex condominiums. They will be very single-family in appearance.
With the opening of these developments, we will have more than doubled the size of our operating resort portfolio in about three years. With the cash we recently received from the sale of two resorts to the joint venture with CNL and our strong operating cash flow, we are well-positioned to stay on track to begin at least two new projects a year, as well as selectively add condominiums andor additional rooms and expanded facilities at existing resorts.
This is why we really emphasize people getting at least a yearlong lease. Month-to-month is dangerous, especially in Florida, because so many rental properties are being converted into condominiums. That reality can really surprise renters and hit them hard.
Barnhill Condominiums is well along in the planning and development and the marketing. I have a very, very strong market acceptance of Barnhill. If the university really insists, I think I would have a lot of disappointed customers.
This approval clears the way for us to begin construction on what will become one of the premier mixed-use developments in the nation. The ability to include lofts, condominiums and other residential options within the Garden District guarantees that, as the city said, this will be unlike anything that currently exists in Allen. Everyone is exited about its potential.
You have the Baby Boomers having the resources to buy condominiums, betting on the increase in value in the next six months, ... That activity may be the first to feel the crunch if the housing bubble bursts.
There are numerous reasons why people have not moved out, but municipalities are working hard to visit and talk to each of them. We hope we can have people cooperate and move out of the dangerous condominiums soon.
I think there are some things that if you're from St. Louis you have an inferiority complex about. We don't have the great residential condominiums of downtown Chicago or we don't have the number of Fortune 500 companies as we used to have. But there are those things we think we do really, really well, like the Cardinals and KMOX and I think we take great pride in those things.
If we don't do it now, our chances of acquiring beachfront land for beachfront parks will be extremely limited if not curtailed. Right now, as you know, most of the mom-and-pop hotels are being purchased and being converted into luxury condominiums.
We calculated it three different ways so nobody can complain. We did it by average price, by median price and then average price per square foot. The reason for price per square foot is if someone goes into a ZIP code and builds 800 or 1,000 condominiums where they traditionally have 2,300-square-foot single-family homes, we didn't want that number to be skewed.
With nearly eighty million baby boomers starting to retire this year, and a large number of them wanting to live where it's warm, someone needed to come up with a solution, so I thought of assembling a group of investors to purchase a cruise ship and convert the cabins to condominiums.