chicagonative

Has anyone else noticed that the VUE has dropped their pricing, not by much but probably the start of many reductions to try and least sell a few of these overrated boxes from a crook developer http://www.vuecharlotte.com/floorplans.php

And the people who used to sell for Churchill are now selling at the VUE - a sign of things to come :C I don't think MCL is going to be too far behind them, their business is rocky at best!

Wow, good for those people who have stuck in there!! How many of the 40% of units do you think were sold in the first year at the height of the condo boom. I'd also be interested to know how many have been sold since middle of 06 - very few I'm sure by either sales team. I have friends who are probably some of the best sales people in the world that haven't been able sell anything in the high end market. You will probably see some sales when the building is finished but it will be a very long process to fill this building up. MCL is going to have to be willing to give some major discounts with concessions to have any chance in Charlotte. Apparently the lobby was going to go all the way to the corner but now it has been reduced in size to what we see in the renderings. There will now be a fourth retail spot on the corner of 5th and Pine. A much better use of space I think.

When did this project start selling?

Minimalist, I'd say, wasn't the lobby supposed to be much bigger? I thought it stretched all the way along to 5th street - here it looks to be about a 3rd the size of what I was told. I just came across this board and I am surprised at the lack of knowledge about this project. I live in Chicago and have heard many rumors about the developer, I am also surprised that he wasn't pulled from it already. When the project stopped apparently it was because Mr. Mclean had been using funds from the VUE's financing for other reasons - he was caught and so the project was halted. Several Million had to be a accounted for. A friend in Charlotte has told me that he changed the Sales team to a non licensed in house arrangement. I went on and checked the MLS and low and behold no listings for the VUE, for a project that is only 5 or 6 months from completion this is very surprising!! We figure the reason for changing the team was to save money on commissions when the project closes. A 3% Sellers fee against a probably 1% fee now for the unlicensed staff is whole lot of money in a building that probably is only 40% sold. All that being said I hope it gets completed and everything works outs - it will be a great addition to the skyline.