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RUNVSFD MINER Offline
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Post: #1
Downtown
I went looking at a condo downtown today... I liked it, but prefer something in a not-so-south part of Florence St.

Anyway, the building owner told me he (and some investors) are looking to put a building with condos for lease/sale overlooking the ballpark. I told him to give me a call when that is set up (in about 15 months or so). But he said quite a few professionals are moving into his buildings. So, it appears that the downtown revitalization is becoming more than just a rumor or wish.

Interesting stuff going on.
(This post was last modified: 05-07-2013 11:02 PM by RUNVSFD MINER.)
05-07-2013 11:01 PM
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RUNVSFD MINER Offline
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RE: Downtown
I wonder if these folks will be my neighbors.... I'll put up some plastic structures.



(This post was last modified: 05-07-2013 11:05 PM by RUNVSFD MINER.)
05-07-2013 11:04 PM
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Fitbud Offline
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Post: #3
RE: Downtown
What would be the going price for a condo in downtown?

Is there going to be a market for middle class families or are they only going to market the rich folks?
05-08-2013 01:07 PM
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RUNVSFD MINER Offline
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RE: Downtown
The one I looked at was 1600 a month (about 1400 sq ft with 2 baths).
They had a studio for 600 a month.

If you take into account the amount saved in utilities, it's not bad at all.
05-08-2013 11:50 PM
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mistabinks Offline
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Post: #5
RE: Downtown
Interesting.
05-09-2013 10:58 AM
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Fitbud Offline
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RE: Downtown
(05-08-2013 11:50 PM)RUNVSFD MINER Wrote:  The one I looked at was 1600 a month (about 1400 sq ft with 2 baths).
They had a studio for 600 a month.

If you take into account the amount saved in utilities, it's not bad at all.

That is just crazy! You could buy a freaking four bedroom house for that price!


I guess that answers my question.
05-10-2013 02:07 PM
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Pyrizzo Offline
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RE: Downtown
Quiet down fitcrud. I pay $1800 a month here in the DC area. I can tell you that where I live, it is worth every penny. This is great news, this indicates to me that the quality of life in downtown is getting much better. I bet those condos are top of the line, and fitcrud wants everyone to pay half price for real estate gold, no way that is happening. You really don't understand economic development.
(This post was last modified: 05-11-2013 07:58 AM by Pyrizzo.)
05-11-2013 07:55 AM
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Fitbud Offline
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RE: Downtown
(05-11-2013 07:55 AM)Pyrizzo Wrote:  Quiet down fitcrud. I pay $1800 a month here in the DC area. I can tell you that where I live, it is worth every penny. This is great news, this indicates to me that the quality of life in downtown is getting much better. I bet those condos are top of the line, and fitcrud wants everyone to pay half price for real estate gold, no way that is happening. You really don't understand economic development.

What does downtown El Paso have to do with Washington?

I don't understand economic development? I understand it enough to know that most El Pasoans would rather purchase a house for that amount of money than to be a renter downtown.

At those prices, they are making sure that a large segment of El Paso doesnt' move into that area.
05-14-2013 03:18 PM
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randaddyminer Offline
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RE: Downtown
(05-14-2013 03:18 PM)Fitbud Wrote:  
(05-11-2013 07:55 AM)Pyrizzo Wrote:  Quiet down fitcrud. I pay $1800 a month here in the DC area. I can tell you that where I live, it is worth every penny. This is great news, this indicates to me that the quality of life in downtown is getting much better. I bet those condos are top of the line, and fitcrud wants everyone to pay half price for real estate gold, no way that is happening. You really don't understand economic development.

What does downtown El Paso have to do with Washington?

I don't understand economic development? I understand it enough to know that most El Pasoans would rather purchase a house for that amount of money than to be a renter downtown.

At those prices, they are making sure that a large segment of El Paso doesnt' move into that area.

I don't think that someone who complains about a property tax increase of not even $100 is going to dictate our economic development, much less know what the term is
05-14-2013 03:59 PM
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RUNVSFD MINER Offline
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RE: Downtown
(05-14-2013 03:18 PM)Fitbud Wrote:  
(05-11-2013 07:55 AM)Pyrizzo Wrote:  Quiet down fitcrud. I pay $1800 a month here in the DC area. I can tell you that where I live, it is worth every penny. This is great news, this indicates to me that the quality of life in downtown is getting much better. I bet those condos are top of the line, and fitcrud wants everyone to pay half price for real estate gold, no way that is happening. You really don't understand economic development.

What does downtown El Paso have to do with Washington?

I don't understand economic development? I understand it enough to know that most El Pasoans would rather purchase a house for that amount of money than to be a renter downtown.

At those prices, they are making sure that a large segment of El Paso doesnt' move into that area.

They aren't that bad. Most houses in town are renting for well over 1000 already.

Besides, there are some cheaper places. You can always move into the apts south of Paisano.
05-14-2013 10:45 PM
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Fitbud Offline
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RE: Downtown
(05-14-2013 10:45 PM)RUNVSFD MINER Wrote:  
(05-14-2013 03:18 PM)Fitbud Wrote:  
(05-11-2013 07:55 AM)Pyrizzo Wrote:  Quiet down fitcrud. I pay $1800 a month here in the DC area. I can tell you that where I live, it is worth every penny. This is great news, this indicates to me that the quality of life in downtown is getting much better. I bet those condos are top of the line, and fitcrud wants everyone to pay half price for real estate gold, no way that is happening. You really don't understand economic development.

What does downtown El Paso have to do with Washington?

I don't understand economic development? I understand it enough to know that most El Pasoans would rather purchase a house for that amount of money than to be a renter downtown.

At those prices, they are making sure that a large segment of El Paso doesnt' move into that area.

They aren't that bad. Most houses in town are renting for well over 1000 already.

Besides, there are some cheaper places. You can always move into the apts south of Paisano.

You are correct. If you are just looking to rent, that isn't a whole lot more than you would get anywhere else.

If you wanted to buy however, you could do much better.

Are these downtown sellers targetting a specific segment of the population? Or do they want to see a diverse group of people living downtown?

Just seems strange to insist on a family entertainment venue like a baseball stadium and yet not cater to family living options.
05-15-2013 01:41 PM
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RUNVSFD MINER Offline
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RE: Downtown
(05-15-2013 01:41 PM)Fitbud Wrote:  Just seems strange to insist on a family entertainment venue like a baseball stadium and yet not cater to family living options.

Economics drives it all.

Catering has nothing to do with it. The buildings are owned by private parties.
05-15-2013 11:03 PM
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Fitbud Offline
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RE: Downtown
(05-15-2013 11:03 PM)RUNVSFD MINER Wrote:  
(05-15-2013 01:41 PM)Fitbud Wrote:  Just seems strange to insist on a family entertainment venue like a baseball stadium and yet not cater to family living options.

Economics drives it all.

Catering has nothing to do with it. The buildings are owned by private parties.

Understood.

I'm just not following what is going on in downtown. The city seems to want to revitalize it for all of El Paso but private interests seems to be catering to young, professional, single types.

Just seems like the two parties are going in different directions.
05-16-2013 02:41 PM
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RUNVSFD MINER Offline
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Post: #14
RE: Downtown
The building I looked at had two families with kids on the same floor. (half of the units).

Downtown living usually is geared to singles, but the rest seem to follow.
05-16-2013 11:06 PM
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