CondoProject

Evo South Condo Development

The South Park area of Los Angeles has been booming lately. The area is the site of the Los Angeles Convention Center, the Staples Center and the "L.A. Live" project. This summer the big news was that a major grocery store returned to the area, signaling the growing residential contingent. EVO is a high-rise residence building in the neighborhood and is the only LEED certified high rise residence in L.A. The property includes a pool and sun terrace, fitness studio and rooftop entertainment lounge with an outdoor fireplace. Many units have beautiful horizon and city views. The building also has concierge service, a 24-hour lobby attendant and four levels of secure parking.

The last of Evo's sale-priced residences went on sale earlier this month starting in the mid $300,000s. Generally the condominiums are priced from the low-$400,000s to $3.7 million and range from 730 to over 3,500 square feet. Residences feature hardwood floors and wood cabinetry, stainless steel appliances, large, operable windows, decks, Juliet balconies and walk-in closets

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Gallery: EVO-South

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Tags: condo, condo project, CondoProject, downtown los angeles, DowntownLosAngeles, evo, evo-south, la live, LaLive, south park, SouthPark, staples center, StaplesCenter

Imperial Axis, Beijing's Mysterious New Condo Project

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

As China booms, Beijing's real estate market has followed and high-end real estate development projects are emerging. Imperial Axis is a luxury project planned for the downtown area. Billed as a "royal dwelling place of the world," is located opposite the Bell and Drum Tower and overlooks the Jing Mountain. It is said to offer 360-degree views of the surrounding area. There will be just 30 units with top-level appliances and finishes. Not too much is known about the property but the units may command some of the top prices in Beijing and are designed to appeal to an international clientele.

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Tags: beijing, china, condo project, CondoProject, imperial axis, ImperialAxis, real estate, RealEstate

Denver Spire Project Readies For Move In

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

The Chicago Spire project may be floundering but Denver's Spire is nearing completion. The 42-story Spire condo tower in downtown Denver has seen many people put down deposits for the units. The developers are offering a $35,000 credit that can be put toward the purchase price or used to buy appliance upgrades, parking or extra storage. Prices start in the low $200,000s and go up to $1 million-plus for premium residences. The more expensive units are located in the SkyClub area on the top 10 floors as well as on the ninth floor where the exercise facility, pools, hot tubs, media room and sports bar are located. Most units have outdoor decks. The $175 million project should be ready for move in by the end of next month. The project is pursuing LEED certification and will get 100 percent of its energy from wind. A sustainable dry cleaner and a Hertz rental car facility with hybrid cars such as Toyota Priuses will be onsite.

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Tags: condo project, condominium, CondoProject, denver, spire

Major Charlotte Construction Project Stalled

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

Another condo project has stalled out. This one is in Charlotte, North Carolina. The VUE Charlotte is a 51-story uptown condo tower that recently stopped construction because the developer hasn't been paying the bills. The Charlotte Observer has an email to subcontractors from contractor R.J. Griffin & Co.'s senior project manager that says that Griffin had not been paid for work done in July and asks subcontractors to stop work. The $275-million-plus project is just one of many high-rise projects which sprouted up in uptown Charlotte over the past couple of years. Of around 20 projects announced only half a dozen have been completed others, have either been scrapped or halted mid-construction.

The developer says that between 55 and 60 percent of the tower's 409 units are under contract. Purchasers were expected to move in next summer. The building has a fitness area, wine cellar and an outdoor deck with a pool tennis court and dog-walking area. Units have been listed for between $319,000 and to over $2 million. The company must be pretty confident that the situation will be worked out. It is still planning a topping out party in September.

UPDATE: Debts have been paid and construction is set to resume on the project.

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Tags: charlotte, condo, condo project, CondoProject, vue

485 Fifth Avenue

by Deidre Woollard (RSS feed) —

Filed under: Estates

More and more fashion designers are turning their hand to creating luxury condos. Peter Som is a fashion show darling who's simple and elegant designs have won rave reviews. Turns out the Som is the son of two architects and now he is part of the 485 Fifth Avenue project which is located at Bryant Park in New York City. The building is the former location of Tommy Hilfiger's offices. Details of the interiors include wide plank Brazilian cherry wood floors, ultra-high ceilings and oversized bathrooms. The building has a private resident's club that includes a fitness room, an entertainment lounge with a screening room, a wine cellar, and the services of noted hostess Serena Bass to help you plan your events. The complex officially launched during New York Fashion Week and as we noted earlier, Braden Keil of the NY Post reported that Salman Rushdie and his wife Padma Lakshmi were spotted looking at the building in March.

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Tags: 485 fifth, 485Fifth, bryant park, condo project, CondoProject, new york real estate, peter som