acog2005

i agree. i except half ~150-200 units will be sold prior to breaking ground. i think the entire 400 units (at these prices) will take a little more time (i.e. seeing this building going up will help finish the sales).

yes those beautiful sales people are EXtremely smooth....they told me to move up my presentation date due to the rapid sales ("to make sure i get what i want"). unfortunately the prices are too high for me for investment purposes (don't trust the resale value -- with this economy / interest rates / gas etc). i suspect ~50 units are sold as well (all the ratcliffe people probably re-locating -- lots of these units now on the market) but that last 200 hundred will be the big challenge at > 500 psf! i'm thinking i will be able to get in later at a much better price....should be interesting!

i do like the vue -- however i think they are outpricing themselves for this market. 500 - 600 per sq foot is out-of-line for uptown charlotte at this time. i doubt i could have much return on an investment at this price. however, i do hope they get these prices, as it will only increase the value of my condo in Jefferson square in 4th ward. i can't wait to see how this all plays out! what will ghazi price his units at? what is next on the horizon?

okay i had my meeting with the vue folks this week. the people are extremely pleasant, knowledgeable, first class operation. the amenities are going to be fabulous (to say the least) -- all top of the line, esp the corner units. i went there looking to buy a unit. However, the prices caught me off guard. i was thinking the ~350 - 400 per sq foot. However the prices quoted to me were all > 500 - 600 per sq foot. Take for example the 2 BR, 2 Bath corner units (true city view) from the 26-36 floors (of which only 3 remain from what i was told -- my guess the developer is holding onto these units). These units are listed at 1527 sq feet. Any guesses on price? I was quoted 897,000 for this 2BR unit (587 per sq foot!!!) Then for the 1 BR, 1.5 Bath corner unit with city view (2 story loft units on floors 11-24) any guesses? 719 K (~518 per sq foot). I can't imagine investing in a 1 BR for > 700 K and expecting to make anything down the road? Of course the very polished sales people say they are selling like hotcakes. Also for each floor elevation the price increases about 10K. this was disheartening as I was very much looking to buy! however i can't see paying these prices pre-construction. Maybe i'm crazy -- what does everyone think?