55 West

[depechecureguyorl]

^ So when will we start to see cranes looming over the construction site? I'm ready for this bldg to go up! I can't wait to see what that section of downtown will look like once this bldg is finished.

[JRS1]

now that the lot is mostly empty, its easier to see just how close 55W is to Plaza.

[bulldogger]

now that the lot is mostly empty, its easier to see just how close 55W is to Plaza.

can we get an aerial shot from somebody???

[JRS1]

I'm thinking one more week to have the lot cleared; today, there was even more knocked down from last friday.

[otowner]

I don't know if someone posted this, but if you go to the 55west website and click on the red construction updates link, you can view some aerial pictures of the site (go to Jan 2006 updates).

http://www.fiftyfivewest.com

[bulldogger]

I don't know if someone posted this, but if you go to the 55west website and click on the red construction updates link, you can view some aerial pictures of the site (go to Jan 2006 updates).

http://www.fiftyfivewest.com

thanks for the skybox seats

[JRS1]

today, they closed Pine St. to knock down the last facade of the parking structure along Pine St. .... it is done..... (by tomorrow)

[orlandonative]

Nice. I'm ready to see some cranes. If they do the foundation work as quick as they tore the building down we might see some cranes by mid to late March.

[sunshine]

The prices are outrages, do people actually buy that?

[Camillo Sitte]

Folks, a 1250 SF 'Flagler' City Residence at 55W starts at $600,000. That's $500/SF.

One would, IMHO, have to be certifiable to pay $500/SF in Orlando, particularly for what will be mid-level apartment construction quality.

One can currently get a very nice 2200 SF 3/2 with recent mods in College Park for $550,000.

Utterly ridiculous.

[corpkid]

Folks, a 1250 SF 'Flagler' City Residence at 55W starts at $600,000. That's $500/SF.

One would, IMHO, have to be certifiable to pay $500/SF in Orlando, particularly for what will be mid-level apartment construction quality.

One can currently get a very nice 2200 SF 3/2 with recent mods in College Park for $550,000.

Utterly ridiculous.

Those are the LATEST prices... I know I was looking at a Flagler unit about two years or so ago when the project was announced... I believe on the 12th floor it was about $350,000. I put my reservation down, and right before we were supposed to go to contract they raised the price by about 15%. I pulled out (thank god). But I'm sure many held in there. I am guessing that you are seeing the prices for the very last of the units. Hell, look @ the Vue. They have about 1 or 2 left of most floor plans and they are literally 2x as expensive as when they started taking reservations a year and a half ago!

Lesson here: BUY EARLY. Almost all buildings jack the prices WAY up on their last few units (and like YOU wouldn't?)

[sunshine]

The problem is that when they dont get your condo built in time (or built at all), they dont have to responsible for anything.

[SammyL]

The problem is that when they dont get your condo built in time (or built at all), they dont have to responsible for anything.

You have paid a non-refundable deposit after the recision period which means you cannot get out of the contract anymore. At least, not without any financial 'damage'. Surely that is not just a one-way street? You enter into a contract with the developer, you pay a non-ref deposit and he can default without any compensation to the buyer??? No, I don't think so.

[stevecrew0518]

Any new news?

[JRS1]

the lot is flat now with maybe 5 or 6 truckloads of debris left. The skybridges are still intact.

[SammyL]

As far as I understand it, they are fully in the clear as far as complying with everything the City threw at them. All changes have been approved and it is still a GO!!

[orlandonative]

Last I heard was that the three tower cranes will be up by March. I guess we'll have to wait and see. I imagine if they start drilling piles soon perhaps it might be possible? Regardless of what actually breaks ground next these are some exciting times downtown.

[SammyL]

Anybody get a chance to make some shots of the demo site? I am not a native of Orlando so any visual update on this forum is appreciated!

[JRS1]

maybe 1-2 truckloads of debris left.

[firemick]

Can anyone post a better quality, finalized rendering of 55 West. I know the design has changed a few times and the 55 West website does not give any decent renderings. Also can we get a confirmed floor count and height officially. Thanks in advance.

[Tim3167]

Update 2/18/2006 - Demo complete - lot almost cleared

[WeNeed2Progress]

Thanks for the great pics!

Who wants to buy the old Lynx lot?

[SammyL]

Thanks, Tim3167! Much appreciated!

[patriot06]

So whats the latest update on this project? Its rediculous that this project has still not even begun construction, Premiere Trade Plaza just down the street was proposed well AFTER 55W was started and its already nearly complete! Whats wrong with 55W? If I was one of the depositers for 55W I would be demanding an immediate start of full construction or my money back!

[orlandonative]

So whats the latest update on this project? Its rediculous that this project has still not even begun construction, Premiere Trade Plaza just down the street was proposed well AFTER 55W was started and its already nearly complete! Whats wrong with 55W? If I was one of the depositers for 55W I would be demanding an immediate start of full construction or my money back!

I think the previous 23 pages more than address this.