Inside the John Gorrie Lofts

Started by Metro Jacksonville, June 29, 2011, 03:00:35 AM

Dashing Dan

#45
Quote from: Dapperdan on July 01, 2011, 08:21:00 AM
It is bad timing to start with those prices.  Hopefully I am wrong, but I think there are way too many foreclosures and short sales competing with that. Maybe Riverside area is different.

Somehow I think this is relevant. 

According to this article in today's Nashville Tennessean, there is a growing market for high-end rentals near downtown Nashville, and also in at least one of Nashville's affluent suburbs (Brentwood).

http://www.tennessean.com/article/20110814/BUSINESS02/308140024/Nashville-rentals-rally-developers-gain-trust-economy-s-turnabout?odyssey=tab|topnews|text|Business
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.  - Benjamin Franklin

Dog Walker

In today's paper there is an article about the real estate market in this SMSA.  32204 was one of the three or four zip codes with an increase in prices and activity.

The article also made mention that the areas near the core of the city are doing better than outlying suburbs just like in Nashville.
When all else fails hug the dog.

MusicMan

Just toured The John Gorrie yesterday.VERY IMPRESSIVE. Great assortment of prices and  sizes.
The 12 foot ceilings make 1200 sq ft units seem huge. Initial pricing is still the best in Riverside and the HOA is
lower than any of the comparables aka Chelsea Lofts and 1661 Riverside, and you get a decent onsite workout room with it. Water and sewer as well. Especially interesting are the two story loft units. They must have a 35 foot ceiling height. You have to see them to really appreciate how nice they are. Also, with 13 Gypsies, Bakery Moderne and Bold Bean right outside the door these are in a very good location.Anyone who wants to see a unit send me a Personal Message and I'll arrange it.

Mike D

I took the tour a few weeks ago...very impressive.  It's like any housing devleopment...this will not be for everyone.  But I love seeing the building restored and put to good use.  The Weavers have done a good thing for the city.

ben says

Gorgeous and would love one ASAP. Just not looking to buy right now. If someone swooped down, bought a few, and started renting them at reasonable rates...count me in.
For luxury travel agency & concierge services, reach out at jax2bcn@gmail.com - my blog about life in Barcelona can be found at www.lifeinbarcelona.com (under construction!)

mtraininjax

QuoteIf someone swooped down, bought a few, and started renting them at reasonable rates...count me in.

Check the condo docs, from what I hear, Ms. Weaver has not released the control to the 5 owners yet, so who knows until then, but investors love uncertainty, RIGHT!
And, that $115 will save Jacksonville from financial ruin. - Mayor John Peyton

"This is a game-changer. This is what I mean when I say taking Jacksonville to the next level."
-Mayor Alvin Brown on new video boards at Everbank Field

avs

QuoteThe article also made mention that the areas near the core of the city are doing better than outlying suburbs

As a Realtor that specializes in the core, that is exactly what I have seen in the past several quarters intown.  YEAH!

MusicMan

Had a couple conversations with the Listing Agents over at J Gorrie. The building has received preliminary
approval for the Historic Renovation tax abatement. This means the new unit owners will get a significant tax break
for the first 10 years of ownership.