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Started By
Message
Condos - Downtown Baton Rouge
Posted on 1/18/17 at 8:05 am
Posted on 1/18/17 at 8:05 am
Anyone have any info as to why they seem to be building only apartments and hotels downtown as opposed to condos? Anyone know of any condo developments that are in the planning stages?
It sure would be nice to live walking distance from work without throwing money away in the form of rent.
It sure would be nice to live walking distance from work without throwing money away in the form of rent.
6
Posted on 1/18/17 at 8:16 am to Mr Wonderful
Real estate companies learned from the housing crisis that apartments are much much much safer than condos.
This post was edited on 1/18/17 at 8:22 am
Posted on 1/18/17 at 8:17 am to Mr Wonderful
They cost less in high cost property.
Posted on 1/18/17 at 8:19 am to Mr Wonderful
I thought condo was Mexican for apartment.
Posted on 1/18/17 at 8:20 am to Mr Wonderful
They have one "Condo" building being built right now.
It is three floors, each floor is a different privately owned Condo ~ 3,000 ft2.
they were sold before construction even began for over $1 million a piece.
It is three floors, each floor is a different privately owned Condo ~ 3,000 ft2.
they were sold before construction even began for over $1 million a piece.
Posted on 1/18/17 at 8:21 am to OysterPoBoy
I thought one of the IBM buildings was condos?
Posted on 1/18/17 at 8:22 am to baseballmind1212
quote:
They have one "Condo" building being built right now.
It is three floors, each floor is a different privately owned Condo ~ 3,000 ft2.
they were sold before construction even began for over $1 million a piece.
That is owned by John Enquist.
Posted on 1/18/17 at 8:26 am to Martini
gotcha.
OP if your looking to spend a stupid amount of change on a Condo then look at the University Crescent. that is the big luxury Condo building across the street from the lakes on Stanford.
also there are the 333 Lofts on E. Boyd.
a 3 bedroom at 333 lofts was originally sold for ~350,000 brand new. They were renting them for right under 2k last I saw.
OP if your looking to spend a stupid amount of change on a Condo then look at the University Crescent. that is the big luxury Condo building across the street from the lakes on Stanford.
also there are the 333 Lofts on E. Boyd.
a 3 bedroom at 333 lofts was originally sold for ~350,000 brand new. They were renting them for right under 2k last I saw.
Posted on 1/18/17 at 8:46 am to baseballmind1212
quote:
They have one "Condo" building being built right now.
It is three floors, each floor is a different privately owned Condo ~ 3,000 ft2.
they were sold before construction even began for over $1 million a piece.
I thought they were three-story townhomes with garages on the 1st floor.
Posted on 1/18/17 at 8:54 am to Martini
quote:
I thought one of the IBM buildings was condos?
Those are apartments.
Posted on 1/18/17 at 9:54 am to baseballmind1212
quote:
OP if your looking to spend a stupid amount of change on a Condo then look at the University Crescent. that is the big luxury Condo building across the street from the lakes on Stanford.
Not looking to spend that much lol. And the goal would be to buy a condo downtown and therefore extremely close to work.
Posted on 1/18/17 at 10:19 am to Mr Wonderful
River view and river palms both have condos downtown. Might can findo something near Spanish town or Beauregard town as well.
Posted on 1/18/17 at 10:27 am to Mr Wonderful
condo financing for buyer's purchase is really hard if not impossible to get. only lender in BR that i know of providing condo financing is Campus Federal and it's offered as a 5 yr ARM, no 30 yr amortization
Posted on 1/18/17 at 10:51 am to baseballmind1212
quote:
they were sold before construction even began for over $1 million a piece.
To live in downtown BR?? They must be out of their god damned mind
Posted on 1/18/17 at 10:54 am to torrey225
quote:
they were sold before construction even began for over $1 million a piece.
Yes but they are really nice.
Financing a condo got more difficult the past 7-8 years. There are fewer being built these days.
This post was edited on 1/18/17 at 10:55 am
Posted on 1/18/17 at 10:56 am to Mr Wonderful
quote:Is there a Mrs. Wonderful?
And the goal would be to buy a condo downtown and therefore extremely close to work.
Based on an affirmative answer and pics of her, perhaps we can negotiate.
Posted on 1/18/17 at 10:58 am to Mr Wonderful
quote:
Not looking to spend that much lol. And the goal would be to buy a condo downtown and therefore extremely close to work.
Rent something on 3rd, Lafayette Street, or in that new building coming up on Convention for a few months and see if you like being downtown before you buy. In that time there will probably be a condo going up for sale somewhere in the area. Maybe even a new development.
This post was edited on 1/18/17 at 10:59 am
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