kjb434

I aggree with u080570, I find that the price points of a lot of planned mid-rise and high-rise development is just too high. I would love to live 20+ floors up in a highrise, but i don't want to pay $500K or higher. I'd rather get a townhome for $200K or $250K. They can shrink some of those floorplans down a bit and make them more reasonable. I sure they can get a lot of interested buyers if the condos sold for the about the same as most townhomes.

The Monaco will be built. I've gotten this response from the sales office. "Thank you for your e-mail. To set the record straight, the Monaco will be constructed. The Monaco had 'great' interest, at certain levels. We had over 22 reservations/contracts. Which was, in our opinion, was fair, but too slow a pace to make the building attractive (enough) compared to the advertising expense. The interest, and sales, seemed to be closer to the $500,000 range, versus the $900,000 average we were hoping for. In short, Houston prefers high-rise living under the 1mm price point. We are in the process of redesigning the building and repricing it. The location is fantastic, and we will proceed with a different price matrix and unit mix. Announcements will be made shortly. As a point of interest, the 22 customers are thrilled! Luckily! We expect an affordable/luxury/high-rise on Briar Hollow to fare quite well, what do you think? " Tom Cervone Sales Director innerLoopCondos.com 55 Briar Hollow Ln. Houston, Texas 77027