River House Condominiums

[sparky05]

Here's something a little different - the Bridgewater site back in 1987, part of a historic documentation of the old Bridge Street Bridge:

"S - U - Double L - I... V-A-N's spell Sullivan's!"

[GRDadof3]

Here's something a little different - the Bridgewater site back in 1987, part of a historic documentation of the old Bridge Street Bridge:

"S - U - Double L - I... V-A-N's spell Sullivan's!"

Great pics sparky! Sadly, the skyline in that last picture looks pretty much the same, except for the missing convention center.

This is a terrible pic, other than showing how tall River House looks.

[Avocado]

[dtown]

wow. i havent been by this forum in forever. i about shat myself when i saw the progress on this building, lol.

[Jocar]

A late summer evening in GR. The picture was taken this past week.

[fotoman311]

A late summer evening in GR. The picture was taken this past week.

Is that from Hillmount Condos' rooftop deck? I can't figure out where else it could be from.

[Jocar]

Is that from Hillmount Condos' rooftop deck? I can't figure out where else it could be from.

Yes it is. Great view from the top.

[gymguy2k]

Yes it is. Great view from the top.

Wow! Any way to see a larger version? Thanks.

[GRDadof3]

Starting tomorrow, the crane is going to start coming down.

[Allison Slater]

That's okay, since we'll have one going up at Gallery soon, I imagine. The HDVCH crane should be raising up soon too, shouldn't it?

[GRDadof3]

That's okay, since we'll have one going up at Gallery soon, I imagine. The HDVCH crane should be raising up soon too, shouldn't it?

Probably not until later this year, early next (I would imagine based on other projects).

Here's RH today:

I would assume they have this thing locked into position so the back end doesn't swing and hit the glass.

Speaking of rivers, look at that swollen bank:

[Allison Slater]

...I'm surprised they don't have the crane facing the opposite way. Are they going to have to shut down 131 when the crane gets low enough to continue dismantling it?

[jbr12]

I would think once its low enough, a standard crane will continue to dismantle it from ground level, removing the top first and working its way down...

[Eridony]

Here's RH today:

(Great Pictures Here)

Haha, I finally get some new pictures and by the time I upload them they're out of date.

Anyway, here are a couple of pictures from way back when the River House crane was taller than the building:

[GRDadof3]

[tamias6]

Sad to see the crane go away after 2 years of it dominating the skyline. However we've got a beautiful skyscraper taking shape thanks to the crane. I heard its being taken back to its home in Oregon to be refurbished for its next job.

[Eridony]

Sad to see the crane go away after 2 years of it dominating the skyline. However we've got a beautiful skyscraper taking shape thanks to the crane. I heard its being taken back to its home in Oregon to be refurbished for its next job.

Two years? I need to buy a new calendar!

I hope no one minds me posting some more out of date pictures from last Tuesday:

[crinzema]

Is it just me, or does the roof look extremely flat?

[droonus2000]

compared to the renderings it looks like they expanded the top floor. I like the rendering more, but they building is still amazing and I'm pound we have it.

[KzooKing]

33 units on MLS and some on craigslist for sale. 224k starting price. I'll be surprised if majority of loans

close in Nov. Credit crunch is harder on new construction multi unit buildings, and being located in the highest state for economic downfall can only add to matters. RH staff acts as if their purchase agreements are binding done deals. They never mention only having 3% down payments, which is easy to walk away from, and far from being real deals. If approved, consider making 3 payments each month including:

1. mortgage payment

2. high maintenance fee

3. hidden parking fees

To make matters worse, I heard the taxable value is going to be high.

[GRDadof3]

33 units on MLS and some on craigslist for sale. 224k starting price. I'll be surprised if majority of loans

close in Nov. Credit crunch is harder on new construction multi unit buildings, and being located in the highest state for economic downfall can only add to matters. RH staff acts as if their purchase agreements are binding done deals. They never mention only having 3% down payments, which is easy to walk away from, and far from being real deals. If approved, consider making 3 payments each month including:

1. mortgage payment

2. high maintenance fee

3. hidden parking fees

To make matters worse, I heard the taxable value is going to be high.

Most of those listings are Greenridge Realty's, the broker that now sells River House. They've said multiple times the building isn't sold out, so it makes sense that they would list some of the available units on GRAR. But it will take probably a few years to absorb them all in the current market.

[sfloria]

A few images from a building tour last week. Took the construction elevator up to the roof!

[KzooKing]

Most of those listings are Greenridge Realty's, the broker that now sells River House. They've said multiple times the building isn't sold out, so it makes sense that they would list some of the available units on GRAR. But it will take probably a few years to absorb them all in the current market.

A good portion of Greenridge Realty's River House listings are in fact, people with low 3% down reservations, trying to sell through Greenridge. This strategy makes the property look more attractive, without having appearance of a number of other brokers besides Greenridge, which would in turn, show a large number of people looking to get out. These Greenridge listings make it appear as unsold inventory.

[Landscape1]

33 units on MLS and some on craigslist for sale. 224k starting price. I'll be surprised if majority of loans

close in Nov. Credit crunch is harder on new construction multi unit buildings, and being located in the highest state for economic downfall can only add to matters. RH staff acts as if their purchase agreements are binding done deals. They never mention only having 3% down payments, which is easy to walk away from, and far from being real deals. If approved, consider making 3 payments each month including:

1. mortgage payment

2. high maintenance fee

3. hidden parking fees

To make matters worse, I heard the taxable value is going to be high.

What do you mean 'hidden parking fees'? I have a family member buying a unit there and we negotiated 2 parking spaces plus a garage in the initial purchase agreement.

[KzooKing]

What do you mean 'hidden parking fees'? I have a family member buying a unit there and we negotiated 2 parking spaces plus a garage in the initial purchase agreement.

Now you know why I say "hidden". Negotiated? Each unit all ready comes with 2 LEASED spots. The two spots that they heavily promote, are in fact only leased, and not owned. The lease payment for 2 spots after 5 years will be at least another $200 per/mo., on top of mortgage payment, and condo maintenance fees. If your lucky enough to own at least one spot, which the majority of people don't, because they were selling around 27k, there's still is a monthly parking maintenance fee you'll have to pay along with your condo maintenance fees.

No way around making 3 total monthly payments.

It makes you wonder, why don't they make any mention of parking fees on there website, when they show "savings" chart, on how much is saved living there?