New Highrise Condo for Alamo Heights area. (quality of life, to live)

[pr57001]

The project was started at the time they indicated construction would start when they bought the earl abels property.

[CelesteDF]

Originally Posted by ryneone

What is going across the street?

I don't have a reference source, but I was told by a colleague of mine in the RE biz that that's where they're putting the utilities and parking for the building. Doesn't make a whole lot of sense to me, because I would think parking would be underground and that corner lot is too valuable for simply housing utilities.

[CelesteDF]

The building only has 94 units, so it's not beyond reason that they'll all be sold at the quoted prices, especially when you look at demographics and real estate market trends. Demand for luxury/high-end real estate is still strong, even as mid-range and affordable housing is getting hit hard. In addition, boomers are retiring with large nest eggs and downsizing to smaller luxury, low maintenance homes/condos. Combine all that with San Antonio's proximity to Mexico and the Broadway's central location and you have a sizable market for corporate/vacation apartments. No question the building will sell out before it's built.

[imaterry78259]

Originally Posted by i_am_sad

My point was that it's been in limbo for a very long time. I may not "have my facts straight", but if you travel outside of San Antonio, you'll see projects like this are completed at a much faster rate.

I agree, Austin has built three condos since then. O SA lets get on the move, why let other cities pass us by

[TexHwyMan]

Originally Posted by ryneone

What is going across the street?

Originally Posted by CelesteDF

I don't have a reference source, but I was told by a colleague of mine in the RE biz that that's where they're putting the utilities and parking for the building. Doesn't make a whole lot of sense to me, because I would think parking would be underground and that corner lot is too valuable for simply housing utilities.

A Wachovia bank is being built there:
MySA.com: Business

[hello13685]

Leslie b,

I wonder that, too. If it's immigrants buying in that building, I would be surprised if they were Californians. The Californians have figured out that their median house price within the next few years will be half of what those condos are probably selling for. And absent financial concerns, your average Californian will rarely move to Texas due to the lower quality of life. I would imagine that they are largely Texan empty nester baby boomers or wealthier Mexican nationals that want to downsize. It would be great to know for sure, though.

[ryneone]

Originally Posted by hello13685

Leslie b,

I wonder that, too. If it's immigrants buying in that building, I would be surprised if they were Californians. The Californians have figured out that their median house price within the next few years will be half of what those condos are probably selling for. And absent financial concerns, your average Californian will rarely move to Texas due to the lower quality of life. I would imagine that they are largely Texan empty nester baby boomers or wealthier Mexican nationals that want to downsize. It would be great to know for sure, though.

You are to funny. Try doing some research before you let [MOD CUT] slip out.

in August 2000, put the number of Texans moving to California at 338,000 and the number of Californians moving to Texas at 523,000.

You were almost right.

Btw that was for one year.

[ryneone]

Originally Posted by leslie b

Hello,
I agree about the Californians. That's kind of over, IMO. I read that many other cities are also counting on wealthy Mexicans and other Latin Americans snapping up the excess inventory. As a financially secure BB DINK couple, we would consider it but not at those prices. Condo fees make me nervous. I'm guessing we'll see some rental opportunities there sometime in the future. Perhaps sooner than later. That's the way we would go. Why buy?

We can go around and around but you uys have opinion while I have facts.

Look at this link Cali lost 263,000 in domestic migration. (US citizen's)
They gained 233,000 forein citizens

They only thing keeping Cali growing is their birthrate.

California Population and Components of Change

Now Texas is growing across the board. (Btw most of our domestic migration is from Cali)

Texas Population and Components of Change

[ryneone]

Originally Posted by leslie b

Rye,
Demographics.....gotcha. Everyone is moving here. Whatever.
I'm just ruminating about the possibility of this posh palace becoming a place for us to live down the line. We have the dinero but the reason we do is because we're careful to not get sucked up in bubbles or other such nonsense. Thus, I'm interested in where this all might be going. I like the rental scenario. Granted, might not happen. Who knows though? No need to get so riled up, OK?

Well if you review the poster you said you agreed with she runs all around this board throwing out her comments and rarely seems to be backing them up with any info.

Back to the OP the bulding is on schedule.

People need to figure out not all projects go at lighting speed their are many variables especially with high rises.