Quote:
Originally Posted by argyle
Appleton is really a great town. My in-laws live there and we were just discussing the new RiverHeath 15-acre development which sits along the Fox river. The neighborhood will consist of condos, offices, shops, trails and restaurants that will be run by hydroelectric power on the site of the vacant Consolidated Papers mill, which will be demolished. Construction starts this summer and finishes in late summer 2009. There are already two restaurants committed to the site, a sushi place and one based on a Napa Valley type restaurant that will focus on locally grown produce, meat, fish and seasonal products. Both are freestanding, face the water and have outdoor patios. You can go to River Heath, Waterfront Living & Workspace, Appleton Wisconsin to check out the plans.
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Honestly I'm looking at the RiverHealth website and seeing fail written all over it. It's a great idea in concept, and everyone will be (or is) talking about how great it is to know that it is there, but I don't believe it will actually execute well enough around here. It looks like alot of 1 and 2 bedroom condos that will have asking prices way way over their worth, and I bet many will sit vacant for a long, long time. Just like the Richmond Terrace complex that went up on Richmond and Packard just two or three years ago - if I'm not mistaken every retail space is still vacant, and is the building up for sale? I recall that I was shocked at the condo prices when it was new (I just found a condo for sale there for half what they were going for new). Yeah sure its not on the river but still.
And I think that sucks because I actually would not mind living in a place like that, down by the river. I love being by the river, I'm a couple blocks from it now and walk by it all the time. For instance, I'm looking right now at some of the first floor units with garages. Unit 106, 1200 sq feet and 1 bdrm w/ garage, I bet it'll have an asking price clearing $200K. Who's going to buy a 1 bedroom condo for $200K around here? If there was a three bedroom with garage I bet I could talk my wife into it, but I can imagine that would clear $300K, and you can get a really great house in Appleton for $300K.