Coming to a neighborhood near you - maybe - is a $625 million 49-story condo project which will sit near Universal and Sandlake on Lakehurst Drive. It is slated to accommodate over, wait for it... 1,188 condos (no, you read that right). Convention space and retail are expected to swallow up another couple of hundred thousand square feet. Planned at 500 feet tall, it would stand sixty feet above the SunTrust building - Orlando's tallest building at present (featured atop of [...]
The Vue condos, downtown Orlando, had it's residents' grand opening last as night, as covered by local TV stations. And those that had closed seemed happy with their purchase. Floors 2-15 are completely sold out and about 50 folk are reported to have taken up residency to date. In fact, the entire project is nearly sold, although the top floors and Penthouses are still being fitted out inside. There are still a few units available so if you'd like a tour contact us. It's not too late to be a[...]
In April, we brought you news of Knightsbridge at Stoneybrooks demise. This week's Orlando Business Journal reports that TA Associates, a Boston firm, has now purchased the 396-unit condo conversion for $45.3 million. Not bad for a community built in 2000 on 25 acres. The same fate will await many of those Orlando communities which are marked "Off Market" on our search engine at CondoMetropolis.com. And not all of these are condo conversions. Some are brand new. In either case, the [...]
Arguably the father of modern economics, Adam Smith was a proponent of a Laissez-Faire style of economics. Translation: government does as little as possible and the natural laws of supply and demand will determine price levels and purge the market of any impurities. Very much a "might makes right" kind of approach. Admittedly, there are certain functions that government must perform in a regulatory capacity to keep the playing field level, but things seem to have gotten out of [...]
Real Estate Video by - Real Estate Blogger "I'm waiting to see what happens to the prices." "I still don't think we've hit bottom yet." Poppycock. For overseas buyers, the exchange rate is far more important than the price. And for U.S. buyers, personal credit score and the ability to qualify for a mortgage in 2008 will become a far bigger issue than hoping to save an extra $10k on the price. This video says it all. If you're still unconvinced once you've read that, check out Blanche [...]
It's been a whole year since Condo Metropolis opened its online condo doors. And despite a slower than normal market, the site has received many thousands of visitors, and equiries are received daily concerning the Orlando condo scene. "Orlando Condo buyers just love having a site that's dedicated to condominiums," said Marcus Burke, company founder. "We're the only place in town that lists all the condo inventory and our news blog covers all the latest condo gossip. People [...]
Fact:Â China needs our discretionary income and consumer sentiment to stay high so they can maintain export levels and sustain the bullish run they've had in GDP. Â Fact:Â If we go down, we are chained to so many other economies that we will bring the world kicking and screaming with us. Â Opinion:Â The Federal Reserve has shown a pronounced recency effect, where they basically only remember what happened RIGHT BEFORE they make any major decisions. Â I know Fed Chairman [...]
Fiction: Inquiries from multiple mortgage lenders while shopping for a loan will lower my credit score. Fact: Looking for a mortgage or an auto loan may cause multiple lenders to request your credit report, even though you're only looking for one loan. To compensate for this, the score ignores all mortgage and auto inquiries made in the 30 days prior to scoring. If you find a loan within 30 days, the inquiries won't affect your score while you're rate shopping. In addition, the score looks on [...]
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