Inside the Southbank's new Tallest: The Peninsula

[jeh1980]

I work in the Peninsula. Yes there are people already in there. Mainly affluent people though. Yes there are things to do. It is located between the Chart House and Ruth Chris, across the street there are a bunch of eating places too like Sake House. This place is bound to be a success once it is all complete.
[/quote]
I couldn't agree more.

[pwhitford]

I don't know how successful it is going to be - I understand there's a potential class action suit to recover some deposits on units at the Peninsula by some of the owners/investors  The court is due to rule on whether the class is to be certified shortly and I think the Complaint has already been filed and served.  The building's a beauty, no doubt, but I think there are a lot of unhappy investors who are beginning to balk at paying half a million dollars for a unit that is now worth significantly less (at least in their opinion).

[RiversideGator]

Well, the fact that you made a bad real estate bargain in an overheated market is really not a reason to invalidate the contract.  That isnt the way the system works.

[pwhitford]

RG - I agree completely.  Real estate speculation is the essence of gambling, and in this case it seems several people gambled and lost (at least in the short term).  Consiering the ovbious irrational exuberance they were purchsaing with, I have little sympathy.  Also, I believe the lawsuit could very well be frivolous, depending on the terms of the purchase and sale contract (and that's a BIG if!).  The real problem is the potential impact on the building if a significant percentage of owners/investors end up pulling out or if they "win" and are allowed to rescind their contracts and/or get their money back.  This could lead to potentially burdensome assessments being levied against the remaining owners and adversely affecting the overall condition, upkeep, appearance and value of the building in general and the occupied units in particular.  I am just saying I am less confident of the building success under the current conditions.  It is a stunning sight, but looking closer I see some problems ... potentially big ones.

[assorted]

River couldn't have said it better myself.  It is a real shame all these investors won't take responsibility for their actions.  Instead they are trying to figure out who they can sue or government bail out they can find.  

[Seraphs]

Incredible photos, I must agree with everyone else.  Not to steal any thunder from the peninsula, but imagine the views from the St. John if or when it's built.

[Coolyfett]

Wow!! Man that would be a great place to invite a chick over!! She'd lose something fast!! I been in the Strade before really good views as well. Good Stuff.

[condoqueen30]

I hear ya PWhitford, but let me assure you, there are more end users in
that building than you'd imagine. 

As far as the lawsuits, they ARE frivilous
and completely WITHOUT grounds and it's shameful.  We are all hurting from
market conditions, but we are still adults, thus negative conditions do not
relinquish us from our choices and obligations.  Developers are not stupid.
The specific contract verbiage makes the buyer's obligation iron clad.

The building is amazing.....it's an unbelievable lifestyle.

[VirtualTours]

I agree with condoqueen30, the building is absolutely amazing, just check out the Model Unit Virtual Tour at www.se360tour.com/nd0000

[reednavy]

The updated webpage has an awesome amount of new photos of the finished product. Nicely done American land Ventures.

http://www.thepeninsulacondos.com/Buyer-main/photoprogress.htm

[thelakelander]

The Peninsula was developed by American Land Ventures of Miami.

[reednavy]

The Peninsula was developed by American Land Ventures of Miami.

fixed, thanks for the clarification. Apparently I had Shipyards on the brain as well.

[Seraphs]

This is a beautiful building.  At night it goes almost invisable.  It needs to be uplight or have some type of lighting at the top. 

[blizz01]

Won't the lighting care for itself as occupants move in to each unit?

[Seraphs]

Won't the lighting care for itself as occupants move in to each unit?

To some degree.  But for a dynamic effect the building itself should be uplight.  For example, before the superbowl the regular street lights on the Hart bridge made it visable at night.  But after the special lighting was added the bridge became spectacular at night.