When I went to a wine party months ago I remember the sales reps saying that once the land was cleaned up they would start building. I guess they need to do something with all the dry cleaning chemicals. Perhaps that's something to do with being LEED - whatever the abbreviation is for being environmentally safe - certified. Honestly I am expecting this to take a couple years before anything is built. I like how fast they moved on demolishing the building once standing on the corner there. That all happened pretty fast.
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I don't know...all of this sounds fishy to me. Like Framer said, is the sales center that much of a financial drain? It seems like keeping the sales center open would be a way to remain relevant in a market heading for a downturn, but what do I know. Also, if there's environmental remediation that needs to be done, that will take a considerable amount of time. So I hope the people that make up the 30% aren't in any kind of hurry... 
I'm glad to see this thing is apparently still on track, but it still seems like there's a way to go before we see any real progress.
I'm glad to see this thing is apparently still on track, but it still seems like there's a way to go before we see any real progress.
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And how do you get another ten-percent sold with a closed sales office?
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I am a little confused. Aren't there sales people most likely working at least mostly (or all) on commission? If that's the case, why would it hurt to haev them in the office? They are still keeping the lights on and the model is still lit up so they are not saving money that way. Or are these not commission positions?
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ChrisInDownTown wrote:I am a little confused. Aren't there sales people most likely working at least mostly (or all) on commission? If that's the case, why would it hurt to haev them in the office? They are still keeping the lights on and the model is still lit up so they are not saving money that way. Or are these not commission positions?
Rent, insurance, etc...
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But it's not like they have shuttered the doors. The lights are still on, the model is still lit up...
Maybe all the sales people quit because they weren't making any money because no one was buying anything.
And dry cleaners are as environmentally unfriendly as gas stations. Why do you think you see so many dry cleaners in old gas stations? They are one of the few replacement tenants/owners that don't have to do any (or much) environmental remidiation at the site.
And dry cleaners are as environmentally unfriendly as gas stations. Why do you think you see so many dry cleaners in old gas stations? They are one of the few replacement tenants/owners that don't have to do any (or much) environmental remidiation at the site.
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ChrisInDownTown wrote:But it's not like they have shuttered the doors. The lights are still on, the model is still lit up...
And there have been postings as recently as two days ago on Craig's List selling units for the Skyhouse.
The business journal this morning is reporting that Skyhouse is approximately 30% pre-sold which matches what other posters stated. The developer said that environmental remediation continues on site and that they will require 40% - 50% pre-sales before construction can began.
Overall it seems positive enough to me. Maybe the spring weather will provide more pre-sales and they can get this thing going.
Overall it seems positive enough to me. Maybe the spring weather will provide more pre-sales and they can get this thing going.
Good new to hear that the project is likely still a "go," though I don't see how completely closing down the sales office will help further the project. It makes sense to reduce hours in the winter, but shut it down completely? No.
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JMedwick wrote:Good new to hear that the project is likely still a "go," though I don't see how completely closing down the sales office will help further the project. It makes sense to reduce hours in the winter, but shut it down completely? No.
Exactly. The people behind Skyhouse must realize there's rather intense competition for the attention of prospective residents among the many downtown developments currently in progress, right? It seems like time to step up your game instead of retreating. Reduced hours and staffing make sense in the usually sluggish winter months, but closing the office completely amid strong competition for buyers' dollars sends the wrong impression.
And that environmental remediation is gonna take awhile. I'm glad this thing is still going forward, but I won't hold my breath either.
Except that they have been at 25% pre-sold for almost a year now...metzgda wrote:The business journal this morning is reporting that Skyhouse is approximately 30% pre-sold which matches what other posters stated. The developer said that environmental remediation continues on site and that they will require 40% - 50% pre-sales before construction can began.
Overall it seems positive enough to me. Maybe the spring weather will provide more pre-sales and they can get this thing going.
At that rate they should get to 45% by 2010.- 5,433
jlblues wrote:At that rate they should get to 45% by 2010.
And if they wait until then to commence environmental remediation, maybe they'll break ground by the middle of the next decade.
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I heard that you can make an appointment to meet with someone in the Sales Center. I know someone who plans to move there, and I think it is a pretty unique option downtown.
slfp.com had an article today saying it was still a go, however they didn't provide any new info.
http://www.slfp.com/WashingtonAve.htm
http://www.slfp.com/WashingtonAve.htm
stl1991 wrote:is this project moving forward?
metzgda wrote:The business journal this morning is reporting that Skyhouse is approximately 30% pre-sold which matches what other posters stated. The developer said that environmental remediation continues on site and that they will require 40% - 50% pre-sales before construction can began.
Overall it seems positive enough to me. Maybe the spring weather will provide more pre-sales and they can get this thing going.
How many units equals 10%? Let's find out and then all chip in to buy those units so construction can start.
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10% is around 17 units. If they would just get their marketing in gear, it shouldn't be that difficult to achieve. And once construction starts, sales should really get going. MARKET ALREADY!!! The Spring buying season is about to kick-off!
where are all the speculators when you need them?
I have a feeling that a significant portion of the existing 30% fall into the speculator category.
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JMedwick wrote:I have a feeling that a significant portion of the existing 30% fall into the speculator category.
That's the same feeling I get. If that's the case, obviously it will make that remaining 10% of units to be sold a tougher nut to crack.