Monday, March 19, 2012

Again With The VUE!

This article contains no new news, no concrete information, just observations about The VUE.

Recently there was a flurry of activity in the Charlotte Observer indicating that one of the junior partners on the mortgage loan was trying to get the building to go rental.  That story was followed by the developers vehement denial and an indication that the plan to remain condos would continue.

In the midst of this, I continue to show the building to prospective clients.  If you have not been into the building, you owe it to yourself to go to see some of the units.  The feeling you get in that building is unlike any other in the city, the size, the scope, the views, the location, Wow.

For sure it is not a typical building.  If you want a place to sleep, or watch television, or just have a dinner party you will find it to be overpriced.  If you are seeking something other than that, you may very well find yourself a home.

All the talk of the lawsuits, and concerns about the HOA's ability to maintain the amenities, and the impression of a pricing structure that is out of line with the rest of the city may have kept people on the sidelines.  No one wants to be viewed as having made a mistake.  My belief is that there are some good values in the building, and that once occupancy begins to increase, it will increase quickly.

From time to time the sales staff sends out a note with value priced units in the building.  They compare favorably with the rest of the city. 

If you are interested in a unique property please call me, 704-236-7119 and let me schedule a time to show you the building.

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