The buzzword downtown is all about "revitalization", and while it's still a ways off, there are inroads being created already. The World Market Center is a great start. Anyone who's been there will tell you it's an awesome building and industry experts in the furniture business are already saying it's been a huge success since they opened a few short months ago. If you look at the plan to develop the center's surrounding area (as I have), you'll also see they have merely scraped the surface on what's going to happen in that area. That's why I really like the > Juhl high rise condo lofts project. The physical location of their property is walking distance to the World Market Center which I feel will be the first location to profit from the eventual downtown renaissance. The floorplans for Juhl are excellent and the best part is you can get in as an investor with a fully refundable $15,000 reservation until they start going to contract in January. At that point, they want 10% of the total unit amount (your check is applied to that balance) and that's it! If you want the unit to live there yourself, they require just a $5,000 reservation check.
The studios are already gone, but they anticipate some fallout so I urge you to contact me to get on this list. Like I always say, do the numbers - and the numbers here work both on an investment and owner-occupant level.
Sure there are other good projects downtown as well, such as SohoLofts, Newport Lofts, French Quarter Lofts and Club Renaissance, but none will offer you the price-points and minimum investment entry downpayment requirements that you'll find at Juhl. Plus, the developers of Juhl, CityMark Development, have been tremendously successful in their other projects, so they bring a strong track record to the table.
Your job? Get in now in any one of the above mentioned projects and count your profit at the closing table!
Posts
No comments:
Post a Comment