urbanSTL

Yup. With so MUCH development in STL, low rates would be a very good thing (again..... this is a relative term).



I think (and hope) that STL is not going to be affected by the housing "bust" as they are claiming in FL and some other states. I tend to believe we are sitting at a price market which will not drop on other market corrections.



Ventana (Jacob Development) sent out notices indicating they had formed a liasion with a lender to offer mortgage to their buyers, now that they are close to have closings on units in a couple of months (which started the question to what rate was offered to Moon Bros.). Again... I am SO glad STL is getting more and more residents and development.

I went with Wells Fargo and floated down my rate oh about 45 - 60 days ago or so and locked in at 6.125 for a 30 year fixed. My original lock was over 6 months ago and that was at 6.25. Rates seem to be even lower right now.



As for the question posed to the value of a Loftworks development, I obviously think they are a great value as when it is all said and done I would have purchased units in three of their developments. They have extremely fair pricing, have very nice standard finishes, don't seem to gouge you on options and are completely flexible in making any custom modifications that you might want to do. And one of their best features in my opinion is the fact that they credit you for standard finishes that you do not want. I took credits on the dining room light, a bathroom pedastal sink and the removal of two small walls which added up to a nice little sum. I was then able to apply that money to some custom finishes I was wanting to do. As for staying on schedule, they got a bit behind at Printer's (bigger development) but really seemed to whip through Moon. No complaints.

Anyone here who has closed on their lofts? I have a unit at the Ventana and they will be closing, starting next month. I would appreciate if someone could post their experiences with the closing (ease and costs)

Closing is handled by whatever title company your lender has chosen. With wells fargo(commonwealth land & title) it was smooth and costs were fair. However, closing costs can vary greatly from lender to lender and varies greatly depending on the type of loan chosen. It really all comes down to your specific lender and loan product. This doesn't really have anything to do with Moon though. You should spin this topic off into the Urban Living section for more responses.

Thanks..... I will

I wonder if any Moon Bros residents can offer some info? I visited two open house units yesterday: unfortunately the realtor was a junior guy of the office so he didn't have much info.



-how big is the extra storage spaces?

-parking spaces: is it possible to get extra ones?



Also any general comments and thoughts about the building would be appreciated.

dweebe wrote:I wonder if any Moon Bros residents can offer some info? I visited two open house units yesterday: unfortunately the realtor was a junior guy of the office so he didn't have much info.



-how big is the extra storage spaces?

-parking spaces: is it possible to get extra ones?



Also any general comments and thoughts about the building would be appreciated.

I used to live at Moon until just a few months ago so know the building very well. The extra storage spaces are approximately 8' x 5' with some being a wee bit larger. Also, depending on your unit you might have your extra storage cage on the same floor or it could be located on a different floor.



As for getting an extra parking space...fat chance. They only had 4 extra spots to sell in the beginning and those went very fast. So now you would have to see if any unit owners over there would be willing to rent you their spot if not in use.



As for general comments, I loved living there. It is a smaller development and all the people are great and very friendly. It is very quiet in being just off Washington Ave. Instead of the typical city noise I mostly heard birds chirping and train whistles off in the distance. And if you have a dog you will really appreciate the dog run. Plus, really liked the brick and timber feel.



Feel free to pm me if you have any other specific questions. By the way, which units did you visit?

Does anyone know if there are any plans for retail in the bottom of this building. They are great spaces and a full building above them. Looks like work is being done to one of the spaces.

adam99420 wrote:Does anyone know if there are any plans for retail in the bottom of this building. They are great spaces and a full building above them. Looks like work is being done to one of the spaces.

I think one of the spaces might be leased out to a hair salon.

correct irock....it is going to be the new location of Diva salon currently in the Louderman building.

Rooster is expanding into Diva's current space in the Louderman in December

Just recently photographed a unit in this building as well as the building itself. I love the look and feel of all the wood and brick. Check out the photostream on Flickr here:



http://www.flickr.com/photos/78689091@N ... 370340087/

I like the jersey in the frame.