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Old 03-28-2007, 04:55 PM
 
40,271 posts, read 43,279,127 times
Reputation: 25324
Quote:
Originally Posted by JoeP View Post
Not for downtown. 3,800 is a HUGE condo.
You can get 3,800 square foot house for MUCH less. This is Pittsburgh and real estate does not cost as much compared to other parts of the country. And it's being downtown doesnt' mean anything because downtown doesn't yet have the infrastructure for residential living. That's top dollar pricing for an area that's not yet top dollar. Goodness, the area is just beginning to be redeveloped so pricing should be entry level investment type prices.
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Old 03-28-2007, 05:42 PM
 
3,151 posts, read 2,805,978 times
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Quote:
You can get 3,800 square foot house for MUCH less.
Of course you can. What does that have to do with a 3800 sf condo downtown. Any area will get you more per sf than most downtowns of a given city.

Quote:
And it's being downtown doesnt' mean anything because downtown doesn't yet have the infrastructure for residential living.
Yes it does - it already has higher costs to begin with. Real estate will cost the developer a lot more than in other areas.

Quote:
so pricing should be entry level investment type prices.
They are compared to comparable condos and apartments in other cities.
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Old 03-28-2007, 05:46 PM
 
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I live in a condo downtown and love it.

But he's right, the infrastructure is not there, but it's coming. People living downtown don't have easy access to a grocery store.

I've heard rumors Giant Eagle and Target have been in talks about converting one of the unused buildings into a several floor Giant Eagle/Target combo.

That would REALLY cause the in-city living to explode.
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Old 03-28-2007, 05:55 PM
 
3,151 posts, read 2,805,978 times
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That would be great and much will happen, but this isn't the burbs. It costs money - a lot of money to develop downtown.
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Old 03-28-2007, 06:08 PM
 
2,902 posts, read 6,699,471 times
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I think they are waiting it out to see how well all the new in-housing living takes off.

Which, btw, for having no grocery store in the city, don't all those new places have a waiting list to get in?
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