[The Vue]

I honestly dont think that it will sell out before construction, but I do think that at least half of it will be sold.

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).

[The Vue]

Regardless of pre-sells, they won't start construction until next September 2006.....so, that is 9 months to sell probably 200 units (they need about a 90 day window to accomplish pre-construction tasks).....based on taking a quick scan on the price/sold list in their office, I'd estimate that they have already sold between 50-75 units.

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!

[The Vue]

it seems like there will be a permanent differential between highrise living and lowrise living.

[The Vue]

Despite the kids across the street. This will still be the best residence downtown. You can't control every variable but I would prefer student housing across the street to a garage  or cheesy retail space. I think all those people in a small area will add to availability / diversity of restaturants and entertainment. I heard through a realtor friend that people who have purchased at other locations including the ratcliff are looking to relocate to the vue. I went to the showroom the other day and the finish will be awesome. It is true that you could buy a cheaper condo elsewhere and finish it similarily for a fraction of the cost. The price is not based on the finish alone. It is location location first, consistancy of the product, amenities, engineering costs. Having said all that, I wish I could afford to buy a studio there but I can't. will have to settle for something a in 1st ward until I win the lottery.

<{POST_SNAPBACK}>

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?

[The Vue]

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?