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Title: Tribune loft sale prices? Post by: inteller on January 25, 2008, 01:46:16 pm Well, the Philtower still isn't selling floors so I was wondering if anyone had checked into the Tribune lofts to see what the sale prices were.
Title: Tribune loft sale prices? Post by: brunoflipper on January 25, 2008, 02:43:01 pm 160+ per sq foot...
Title: Tribune loft sale prices? Post by: inteller on January 25, 2008, 02:51:01 pm Eh....not -too- bad. Much more though and you might as well go live in Bumgarner's morass off Utica.
Title: Tribune loft sale prices? Post by: CoffeeBean on January 25, 2008, 05:40:56 pm Not too bad? $160+ per sq ft? Maybe I'm not very educated in downtown housing, but that seems like an awful lot. (especially if it doen't include the recurring monthly condo fee).
Title: Tribune loft sale prices? Post by: TheArtist on January 25, 2008, 07:04:25 pm A penthouse condo at Utica Place would be my dream residence. Beautiful walkable district with everything you need right below you in Utica Square, including a grocery store. I can imagine getting up early going to starbucks, sitting outdoors in the summer reading the paper, bikeriding through the neighborhoods, going to Woodward Park, the Rose Garden, Philbrook. Being out on the penthouse deck at night with that great view of downtown, a fire going, having a
party or just hanging out with friends... Sigh, Perhaps when I am a rich old artist lol. The Trubune Lofts just seem kind of cold and alone. That area just hasnt picked up yet. Parking lot in front of you, the back of some old buildings, the rail line behind you. The first places in those downtown areas need to be a bit cheaper until things begin to actually take off down there. It will get there. We want more living options downtown but the prices need to be realistic with the state of the area at the moment. I do think there are people who want to live the downtown lifestyle, and who may be willing to pay a premium for it. BUT, our downtown isnt really downtown yet. aka bustling and alive, comfortable but with energy. Its often as quiet as the suburbs lol. How are the Philtower Lofts doing? I keep hearing conflicting assertions ranging from, "They only have a couple places sold.", to They have a waiting list."? Title: Tribune loft sale prices? Post by: FOTD on January 25, 2008, 07:36:37 pm quote: They're $4oo+ a foot......not comparable. Title: Tribune loft sale prices? Post by: inteller on January 25, 2008, 08:39:39 pm quote: yeah, well they can ask whatever they want. Have they SOLD any for that? I heard the same thing and I was like yeah right whatever. You know you can buy places off of Central Park in NYC and the gold coast in CHicago for less than that, and they are BETTER. That guy lives in his own dream world. Title: Tribune loft sale prices? Post by: Breadburner on January 25, 2008, 08:52:36 pm quote: Yes they have...Multiple units..... Title: Tribune loft sale prices? Post by: TheArtist on January 25, 2008, 10:27:07 pm quote: Heck there are tons of condos in places like Austin and Dallas that go for well over 400$ a square foot. In NY City off Central Park they can easily go for 2,000$ 10,000$ a square foot. One bedroom condos can start at a million dollars or more. There are plenty of condo towers in NY and Cali that have units going for 10- 15- 20 million a pop. 400$ per square foot would be for a trashy hovel. For Tulsa to have one tiny building with a few places in it at the 400$ psf price range, in THE most desirable spot in the city ,,, Surely this town isnt so poor that it can't fill even a few condos at that price? http://forum.skyscraperpage.com/showthread.php?t=144293 Title: Tribune loft sale prices? Post by: Conan71 on January 26, 2008, 12:23:14 am quote: Artist, don't you have a really wealthy client who would do trade out for your work and just give you one of those Utica condos? Hey, never hurts to dream, right? Title: Tribune loft sale prices? Post by: si_uk_lon_ok on January 26, 2008, 04:37:11 am quote: You can buy places off central park for only $400 a square foot? I really do doubt that. I live an apartment in the wrong area of London which is on the market for $955 per square foot and I always thought NY and London house prices were somewhat comparable. Title: Tribune loft sale prices? Post by: Oil Capital on January 26, 2008, 08:44:45 am quote: There's an ad in Urban Tulsa saying they start at $95,000. I believe the smallest units are in the neighborhood of 750 Square ft, MOL. That would only be $127 per square foot. Title: Tribune loft sale prices? Post by: TheArtist on January 26, 2008, 09:54:03 am quote: I dont know what kind of prices you think I charge lol. But I am not THAT expensive. This casino project I am working on that will take me a year to finish wouldnt even get me in the door of Utica Place. Just your average white trash here. I think its going to take a while for our downtown to be the kind of place that is really attractive to live in. The people there now are really the trailblazers and "early adopters". I think Jamie Jameson makes some good points when he says downtown should have trees and parks. It helps make it a more cosy inviting place. The new park right on Boston near the Philtower will be a great step in that direction. There are lots of little things that when added together will make a definite, positive, difference. Turning the streets into 2 way is going to help. Getting rid of the trains having to blow their horns, the plan to get rid of the downtown Y, improving the streets and streetscaping, the other living coming online in a couple years, hopefully a baseball stadium and some surrounding development, the new TCC building will add some fun and life and get rid of another parking lot, the museum and modern lofts,,,, The trick is transforming downtown from a "glorified office park" for commuters, to a "pedestrian friendly, urban neighborhood" with great destinations and office/retail mixed in. That kind of dramatic transformation, and it really is a dramatic transformation, will not be able to be done with one or two easy fixes over night. It will take some effort and time. But once achieved, will be well worth it. Title: Tribune loft sale prices? Post by: brunoflipper on January 26, 2008, 01:32:11 pm quote: 160 was the "upgrade" price for a better unit... Title: Tribune loft sale prices? Post by: OKC_Shane on January 26, 2008, 02:57:37 pm Seems like anything less than 200 per sq ft for downtown would be a good deal, but people who are going to pay are spending extra money on lifestyle, and they're gonna want to get their money's worth.
quote: As in YMCA? Why would that be a factor that would make downtown better to live in? Title: Tribune loft sale prices? Post by: swake on January 26, 2008, 04:33:19 pm quote: There's a transient "hotel" in the current Y. And the Y isn't leaving downtown, they are pursuing a new facility that will not include housing. Title: Tribune loft sale prices? Post by: CoffeeBean on January 26, 2008, 05:49:41 pm I assume the building housing the Y is coming down?
Title: Tribune loft sale prices? Post by: swake on January 27, 2008, 07:08:22 am quote: I don't know what the plans are for the current building, maybe a member of the downtown Y has some more information? Anyone? Title: Tribune loft sale prices? Post by: inteller on January 27, 2008, 08:56:37 am quote: 127 a sq ft in Philtower is a DEAL. You are going to get the best view in Tulsa. Title: Tribune loft sale prices? Post by: CoffeeBean on January 27, 2008, 11:42:16 am I think the 127 quote referred to a 700sqft unit at the Tribune - unfinished.
--but I would agree, 127 at Philtower would be a steal (if only it were true). *sigh* Title: Tribune loft sale prices? Post by: Oil Capital on January 27, 2008, 05:43:31 pm quote: The 127 was indeed at the Tribune. But it's a finished apartment. Just not upgraded. (Actually, I think the standard finish price might start a little lower than the $127 per square foot I posted earlier) Title: Tribune loft sale prices? Post by: lsimmons on January 27, 2008, 06:27:33 pm Last I heard they had at least one of the units with a contract. The penthouse, I think. I'll do some asking and see if I can get a full price layout if anyone is interested.
My company does work for theirs so I talk to ARG's employees daily. Title: Tribune loft sale prices? Post by: CoffeeBean on January 27, 2008, 06:54:52 pm Found a price list.
Least Expensive: $95,000 (not upgraded) - 673sqft = $141.16 Most Expensive: $315,000 (not upgraded) - 1892sqft = $166.49 Title: Tribune loft sale prices? Post by: brunoflipper on January 27, 2008, 08:28:15 pm when we looked a few weeks ago, none were under contract... the upgrade was really the only way to go...
Title: Tribune loft sale prices? Post by: RecycleMichael on January 27, 2008, 08:35:38 pm quote: I think TulsaNow membership should buy the cheap one. If each of us 2,000 members would chip in five bucks, we could do it and have a little left over for some folding chairs, a poker table and a fondue set or two. Title: Tribune loft sale prices? Post by: Oil Capital on January 28, 2008, 06:28:29 am quote: According to their tribunelofts.com (http://"Website"), there are none of the 673 sq. ft. models "available." I had presumed that the "from $95,000" price they were advertising was for floor plans actually available for sale, the smallest of which is 863 sq. ft. Strikes me as quite dishonest to advertise a price for a product that is not available. Deceptive Trade Practices Act anyone? Title: Tribune loft sale prices? Post by: spoonbill on January 28, 2008, 07:12:27 am quote: That's strange, because they are all still vacant, and until last week they were still attempting to get financing for the conversions. None have been converted yet, so perhaps they are not going to make them available until they have been converted? Donno? Title: Tribune loft sale prices? Post by: booWorld on January 28, 2008, 07:12:41 am I looked at the Tribune Lofts website (http://"http://www.argtulsa.com/property%20Info/Tribune%20Lofts/availability.htm") this morning. I found information on rental rates, but not purchases prices. There is a contact listed for those interested in purchasing units. Scroll to the bottom of their Availability page.
"When you only have two pennies left in the world, you might as well forget the idea of buying a loft in the Tribune Building." Title: Tribune loft sale prices? Post by: cannon_fodder on January 28, 2008, 10:01:29 am For the love of god people, you're all on the Internet! No need to speculate about the prices of NY realestate, just go look it up.
http://www.trulia.com/NY/New_York/ After a quick look, I can say with confidence that you are extremely unlikely to find anything for $400 sq/ft in NYC. The AVERAGE price in the city is $1,347 per Sq. Foot in the last QT of 2007 (read: after drop). If you want to get off the beaten path you can get a 1bd 1 bath in E. Harlem for a lowly $665 a foot. Or if you want to spend $6000 per foot, we can take care of that easily enough too. Artist, the hell with Utica - I'm buying you one of these: http://www.trulia.com/property/1050931575-23-E-22nd-St-PHA-New-York-NY (pending financing) Title: Tribune loft sale prices? Post by: brunoflipper on January 28, 2008, 10:13:59 am quote: as of three weeks ago, one unit was vacant and available for rental... all of the units, even the occupied ones, were available for purchase... the tenants had been put on notice that the units were being shown and they'd be placed under contract "for purchase" to whom ever provided a deposit first... as of three weeks ago, none of the renters had opted to convert to owners... the financing for the conversion is pending the successful contracting for purchase of a predetermined number of the units... at that time, the philtower had one smaller unit available for immediate rental... they have many contracts coming up in the next six months, as can be seen on their website... Title: Tribune loft sale prices? Post by: bokworker on January 28, 2008, 10:46:43 am The Philtower will not be selling units for at least another 3 years. One of the covenants to getting the historical grant money was that the developer had to own the units for 5 years. I am not sure if that is 5 years from starting or completion but we were among the first to move into the Philtower with a start date to our original lease of 4/01/06. If you do a little imputing of the rental rate to get an idea of the "value" that the owner sees in the apartments then you get a number of well over $200/ft for these apartments. I suspect he feels the number will be even higher in a couple more years. The apartments are really nice and do have some great views...
Title: Tribune loft sale prices? Post by: TheArtist on January 28, 2008, 01:22:11 pm quote: Niiiice. 45mill condo, monthly fees and taxes 25thou. Get me that and I would allow you to be my friend. [8D] Title: Tribune loft sale prices? Post by: cannon_fodder on January 28, 2008, 02:10:23 pm My banker is supposed to get back to me on the financing. I'll let you know.
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