LS08

I have heard that the condos that would be converted in the project would be in the lower price range bracket with the majority being between...$100,000 to $200,000. per unit and that there is a possibility that the new owners will combine several of the units as they have already done so in just renting current units. I have also heard they are planning to put almost 10-12 million in the renovation of the project. Current sources show that at this time there are less than 100 units available vbtw the 100-300K. And 50 of those units are brand new this year. Last year alone 50 were sold in downtown and the momentum is picking up with several units already being sold this year, such as the St Germain lofts being sold out. I think this coversion along with the new Houston pavillions project will bring a lot to downtown. Of course it may take several years to sell out..because it is a lot of square footage but I think the price range they are planning to sell at is good for downtown and will incentivize people to move there. It will be located only 3 blocks for the Houston pavillions offering retail to the immediate area. You gotta start somewhere