Berkman Plaza 2

spuwho · March 27, 2014, 10:21:27 PM

I can think of some pretty cool projects that got done in Seattle because of the will of one man.

Paul Allen.

So looking at Khan is not shortsighted. Expecting him to do everything, perhaps. Not everyone expected Paul to make it all work. (and in some cases it just didn't)

downtownbrown · March 28, 2014, 01:31:32 PM

The perspective on the Berkman Townhomes from 2003 is pretty funny.

https://www.jaxdailyrecord.com/showstory.php?Story_id=39193

The townhomes range from $565,000 to $695,000.

WHERE DO THEY SEE THE AREA IN

FIVE YEARS?

"I think it will look like Lakeshore in Chicago or Bayshore in Tampa," said Walker.

"This will have been the best deal," said Blackard. "People will be able to get right out of their boat and walk to the finest restaurants in town."

spuwho · March 28, 2014, 01:59:56 PM

Quote from: downtownbrown on March 28, 2014, 01:31:32 PM
The perspective on the Berkman Townhomes from 2003 is pretty funny.

https://www.jaxdailyrecord.com/showstory.php?Story_id=39193

The townhomes range from $565,000 to $695,000.

WHERE DO THEY SEE THE AREA IN

FIVE YEARS?

"I think it will look like Lakeshore in Chicago or Bayshore in Tampa," said Walker.

"This will have been the best deal," said Blackard. "People will be able to get right out of their boat and walk to the finest restaurants in town."

That is why that go down in their boats to the Fish Camp {sarcasm} because there are no fine restaurants in town!

Just joking!

mtraininjax · March 30, 2014, 09:08:12 AM

Let's put 2003 into perspective, we had just had the Super Bowl, buzz was all over the place for downtown. Peyton was in his first term still and he was going to run the City like a business. The Berkman Townhomes had just completed in 2002 and the economy was on fire and real estate could do no wrong.

Now there are 3/2.5 townhomes for sale at Berkman for 400,000. The construction was spotty and many, since they are built over the river, have moisture issues. Ick.

ProjectMaximus · March 30, 2014, 01:27:05 PM

Quote from: mtraininjax on March 30, 2014, 09:08:12 AM
Let's put 2003 into perspective, we had just had the Super Bowl

um, maybe we just were awarded the super bowl but the event itself was still on the horizon.

downtownbrown · April 02, 2014, 01:51:57 PM

"Now there are 3/2.5 townhomes for sale at Berkman for 400,000. The construction was spotty and many, since they are built over the river, have moisture issues. Ick."

Not so. Construction is quite sound, moisture is not an issue, but yes, they are built on the river. Units in recent years have gone for considerably less than 400k, but if Berkman and Shipyards actually happen, I suspect that number will increase.

mtraininjax · April 02, 2014, 07:39:33 PM

QuoteConstruction is quite sound, moisture is not an issue, but yes, they are built on the river.

Mold in air conditioners comes from moisture entering the houses. I know first hand a number of the units had mold and moisture problems, not only with the AC units but also with the stucco.

Prices are up double-digits each month in 2013, so it tends to raise all boats, even if the Shipyards are nowhere to be seen.

downtownbrown · April 21, 2014, 04:13:04 PM

anyone know what that crane is doing on that Shipyards pier? Looks like a lot of hardware lying around.

Traveller · April 21, 2014, 04:32:33 PM

That crane and hardware are for the southbank riverwalk project.

downtownbrown · April 22, 2014, 03:32:14 PM

ah. Staging. Thanks. I assume that structure is either the old or new water taxi stand.

exnewsman · April 22, 2014, 05:59:23 PM

Quote from: downtownbrown on April 02, 2014, 01:51:57 PM
"Now there are 3/2.5 townhomes for sale at Berkman for 400,000. The construction was spotty and many, since they are built over the river, have moisture issues. Ick."

Not so. Construction is quite sound, moisture is not an issue, but yes, they are built on the river. Units in recent years have gone for considerably less than 400k, but if Berkman and Shipyards actually happen, I suspect that number will increase.

I beg to differ. There were definitely moisture and mold issues. Pipes exploded inside the walls in several units. Special assessments upwards of $500-$1000/month were added to already lofty mortgage payments. By the time the crash happened many residents had walked away. Those who stayed - well a $275k condo was now worth $89k.

JayBird · April 22, 2014, 07:37:01 PM

Quote from: exnewsman on April 22, 2014, 05:59:23 PM
Quote from: downtownbrown on April 02, 2014, 01:51:57 PM
"Now there are 3/2.5 townhomes for sale at Berkman for 400,000. The construction was spotty and many, since they are built over the river, have moisture issues. Ick."

Not so. Construction is quite sound, moisture is not an issue, but yes, they are built on the river. Units in recent years have gone for considerably less than 400k, but if Berkman and Shipyards actually happen, I suspect that number will increase.

I beg to differ. There were definitely moisture and mold issues. Pipes exploded inside the walls in several units. Special assessments upwards of $500-$1000/month were added to already lofty mortgage payments. By the time the crash happened many residents had walked away. Those who stayed - well a $275k condo was now worth $89k.

I have heard many people who have lived in Berkman-I say that there were numerous structural issues, however most have been completed. Also, there is no condo unit in the building worth below $90k (per prop appraiser site), and none on the market below $145k currently http://www.theplaza1.com/editor_upload/File/Plaza-Units%20for%20Sale%20Apr%201%202014.pdf. Even the rentals are doing well there now, making the 220 Riverside lack of signings confusing to me (but I am a layman with no real estate background/education) http://www.theplaza1.com/editor_upload/File/April%202014%20Rental%20List.pdf

comncense · April 22, 2014, 07:44:09 PM

I lived in Berkman for 3 years (2010 - 2013) and never had any problems there with mold or moisture while I was living there.

JayBird · April 22, 2014, 07:50:43 PM

^ I think it depends on where, I know some that were like you. Never had a problem, loved it, wished the area around it built up. But than I know of three off the top of my head that horror tales of water leaks behind the walls and then after the leaks were fixed one had major mold issues. But two still live there, and they say they haven't had a problem lately. Since 2011/12 it has been corrected. I think the biggest problem, and what will hurt any development on Tower 2 is that the urban myths that seem to lurk over the site. I mean my friends were having those issues in 2007/08 and here it is five years later and it is still what comes to mind when people hear the name. That will be hard to overcome.

jaxjaguar · April 23, 2014, 08:19:02 AM

Quote from: JayBird on April 22, 2014, 07:37:01 PMEven the rentals are doing well there now, making the 220 Riverside lack of signings confusing to me (but I am a layman with no real estate background/education) http://www.theplaza1.com/editor_upload/File/April%202014%20Rental%20List.pdf

220 Riverside is just too expensive for an unproven area. Their units are almost 30% more expensive than those at the town center. If they lower the price to town center levels people will move in and then they can consider the prices they originally planned.

I was dead set on moving there until I saw they were charging $1000 a month for a 600sq ft studio. I'd still have to pay trash fees, utilities, cable, internet, etc on top of that... this isn't New York or Atlanta. You won't be able to get away with those prices from the get go. Young professionals need to be encouraged to moved into these areas before the more wealthy ones will come.