Tribune loft sale prices?

[inteller]

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.

[brunoflipper]

160+ per sq foot...

[inteller]

Eh....not -too- bad.  Much more though and you might as well go live in Bumgarner's morass off Utica.

[CoffeeBean]

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).

[TheArtist]

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."?

[FOTD]

quote:Originally posted by inteller

Eh....not -too- bad.  Much more though and you might as well go live in Bumgarner's morass off Utica.

They're $4oo+ a foot......not comparable.

[inteller]

quote:Originally posted by FOTD

quote:Originally posted by inteller

Eh....not -too- bad.  Much more though and you might as well go live in Bumgarner's morass off Utica.

They're $4oo+ a foot......not comparable.

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.

[Breadburner]

quote:Originally posted by inteller

quote:Originally posted by FOTD

quote:Originally posted by inteller

Eh....not -too- bad.  Much more though and you might as well go live in Bumgarner's morass off Utica.

They're $4oo+ a foot......not comparable.

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.

Yes they have...Multiple units.....

[TheArtist]

quote:Originally posted by inteller

quote:Originally posted by FOTD

quote:Originally posted by inteller

Eh....not -too- bad.  Much more though and you might as well go live in Bumgarner's morass off Utica.

They're $4oo+ a foot......not comparable.

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.

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

[Conan71]

quote:Originally posted by TheArtist

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."?

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?

[si_uk_lon_ok]

quote:Originally posted by inteller

quote:Originally posted by FOTD

quote:Originally posted by inteller

Eh....not -too- bad.  Much more though and you might as well go live in Bumgarner's morass off Utica.

They're $4oo+ a foot......not comparable.

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.

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.

[Oil Capital]

quote:Originally posted by inteller

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.

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.

[TheArtist]

quote:Originally posted by Conan71

quote:Originally posted by TheArtist

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."?

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?

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.

[brunoflipper]

quote:Originally posted by Oil Capital

quote:Originally posted by inteller

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.

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.

160 was the "upgrade" price for a better unit...

[OKC_Shane]

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:the plan to get rid of the downtown Y

As in YMCA? Why would that be a factor that would make downtown better to live in?