The Rhythm at Music Row, like most other high-rise condo projects in Nashville, has benefited from the federal housing tax credit. Not all of the condos contracted during the tax credit period have closed. I expect another 4-5 condos to close by the middle of July, especially the smaller Tempo floor plan. The Rhythm has closed 40 of their 105 condos leaving new buyers with plenty of choices and quite... [Read more about this property...]
Formed in 1938, MDHA is the Metropolitan Development and Housing Agency of Tennessee. MDHA is a public housing authority primarily responsible for housing in urban areas as well as multiple community development programs. MDHA is also the agency that offers Tax Increment Financing (TIF) to developers who agree to include a certain percentage of “affordable units” in their condo developments.... [Read more about this property...]
The auction a couple of months ago at The West End Condos was a great opportunity for buyers to pick up a bargain. These luxury one, two, and three bedrom units sold for around 55% of their asking price. For example, a three bedroom on the 6th floor with 2,525 square feet that was asking $948,000 went for $440,000. A two bedroom on the 4th floor with views of downtown that was listed at $645,000 went... [Read more about this property...]
Buildings between 75 feet and 499 feet tall are considered high-rises. The average height of a single story of a high-rise is approximately 13 feet, thus a 78 foot tall building would have 6 total stories.
5 largest condo buildings in Nashville are:
1. The Icon in the Gulch – 419 condos
2. The Encore – 333 condos
3. The Viridian – 305 condos
4. The Adelicia – 186... [Read more about this property...]
John Coleman Hayes successfully sold at least 40 condos in the past 60 hours, 32 of which were sold during Saturday’s live auction.
The condo auction, held under a semi-heated tent in the West End’s motor court, was well attended with an estimated 185 potential buyers in attendance. Jerrold Pedigo began the auction promptly at 11:00am by telling auction bidders that 3 condos had sold the prior... [Read more about this property...]
The results of the Terrazzo auction are in and it appears that my predictions are right on target. 25 condos sold at an average price of $233.01 per foot with a couple of sales reaching over the $250/ft mark. The average total price of $283,600 represents 62.48% of the original asking prices at Terrazzo.
Approximately 220 people attended the auction at the Renaissance Hotel in downtown Nashville,... [Read more about this property...]
Nashville Technology Council President Todd Fetherling has told the Nashville Post that the organization plans to implement a free wireless Internet network in downtown Nashville. The group plans on placing its first transmitter in the central business district and believes that a strong wireless signal should emanate within a 0.9 mile radius. The location of this first transmitter will be the Nashville... [Read more about this property...]
In 2007, Crosland Tennessee President Bill Barkley announced plans to develop a 2 acre parcel of land in the Gulch into Griffin Plaza, a $35 million 10 story project with 140 apartments and 32,000 square feet of ground-floor retail space. With that announcement, the website went live and the buzz began to build with mentions of urban revitalization, green spaces, LEED certifications and urban pocket... [Read more about this property...]
The Four Seasons Residences in Miami offers residents true luxury through high standards of innovation, relaxation, and refined personal service. The spectacular collection of Four Seasons' homes are located on the 40th through 70th floors of the tallest building in Florida, offering infinite views of Miami.
Each residence features grand entryways with mahogany double front doors, floor-to-ceiling... [Read more about this property...]
2009 was supposed to be a horrible year for Nashville condo sales, yet the Icon in the Gulch was able to sell and close 84 new condo contracts. By the pure number of closings, the Icon in the Gulch was certainly the big winner in terms of gross number of sales, but many may be surprised to learn that 84 condos only represents about 20% of the 419 unit building, the biggest residential condo building... [Read more about this property...]
Nashville mortgage rates ended 2009 above 5 percent, with Freddie Mac reporting 30-year fixed rates at an average 5.14 percent, still very affordable by historical standards. Although higher long-term borrowing costs late in the year could signal further increases for 2010, new data from Wells Fargo, JPMorgan Chase, and the Mortgage Bankers Association indicates more borrowers are refinancing... [Read more about this property...]
Miami, FL (January 4, 2009) – Condo.com, a leading online real estate portal and rapidly growing national real estate brokerage, has announced Jody Desnoyers as the company’s new Director of Training and Development. The company’s brokerage department works with condo buyers, sellers and renters around the country and will look to Desnoyers to help recruit, train and establish a process for additional... [Read more about this property...]
The Nashville housing market will experience an accelerated sales volume in 2010 aided by the government’s extension and expansion of the first time home buyers federal tax credit, more government-backed lending assistance, and historically low mortgage rates according to 90% of major forecasts for 2010.
Surrounding real estate markets will improve in the Southeastern U.S. with average housing... [Read more about this property...]
Florida condo sales increased by 111% based on a year-to-year comparison. 4,889 total units were sold this past November compared to 2,320 units sold in November 2008 throughout the state of Florida. Although sales have increased, prices have decreased over the past year by 21%. The condo median sales price was $104,400 last month compared to a median price of $131,400 recorded for November of... [Read more about this property...]