Comments on: Hundreds of New Condos Near Notre Dame http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/ Real Estate and Area Information for South Bend, Mishawaka, Granger and Notre Dame, Indiana Wed, 01 Feb 2012 07:56:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Penny http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24611 Penny Mon, 18 Jan 2010 05:13:39 +0000 http://www.realst8.crankpin.com/?p=929#comment-24611 I think Nick's comment is the most just. It's crazy to charge a South Bend condo with over 250k. It's just not going to work! It's not a big city like Chicago or the warm sun belt region we are talking about. ND itself won't draw that much appeal!! Get real, Hoosiers! I think Nick’s comment is the most just. It’s crazy to charge a South Bend condo with over 250k. It’s just not going to work! It’s not a big city like Chicago or the warm sun belt region we are talking about. ND itself won’t draw that much appeal!! Get real, Hoosiers!

]]> By: Greedy? http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24437 Greedy? Mon, 04 Jan 2010 16:35:08 +0000 http://www.realst8.crankpin.com/?p=929#comment-24437 There may be room for "profit" on some projects (certainly expected and reasonable), but I'd doubt enough to justify calling it greed. If there is no profit, there will be no drive to develop projects. The construction costs including land and desirable finish costs push the prices to the range pretty quickly. Often times, it is not the developer who should be called greedy, if anything in many instances, it may be the owners of land/buildings selling to the developers. I think, for instance, if downtown South Bend building owners were more reasonable in their value expectations, there would be more feasible and affordable redevelopment projects to occur. I imagine the same would be true for land near ND. There may be room for “profit” on some projects (certainly expected and reasonable), but I’d doubt enough to justify calling it greed. If there is no profit, there will be no drive to develop projects. The construction costs including land and desirable finish costs push the prices to the range pretty quickly. Often times, it is not the developer who should be called greedy, if anything in many instances, it may be the owners of land/buildings selling to the developers. I think, for instance, if downtown South Bend building owners were more reasonable in their value expectations, there would be more feasible and affordable redevelopment projects to occur. I imagine the same would be true for land near ND.

]]> By: Irish Eyes http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24163 Irish Eyes Wed, 09 Dec 2009 17:17:55 +0000 http://www.realst8.crankpin.com/?p=929#comment-24163 Outside the Box - I agree. The no garages at NDC at that price point was a big factor for the South Bend locals who live in town year round. They have since built a free standing bank of single stall garages like Main Street Village. But unlike Main Street Village, there are no attached garages. Build out the rest like MSV and perhaps the project would work and maybe make them rentals..... I really did like the product though esp. the larger units (the red was a bit bright though). Outside the Box – I agree. The no garages at NDC at that price point was a big factor for the South Bend locals who live in town year round. They have since built a free standing bank of single stall garages like Main Street Village. But unlike Main Street Village, there are no attached garages. Build out the rest like MSV and perhaps the project would work and maybe make them rentals….. I really did like the product though esp. the larger units (the red was a bit bright though).

]]> By: Outside the Box http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24162 Outside the Box Wed, 09 Dec 2009 16:09:50 +0000 http://www.realst8.crankpin.com/?p=929#comment-24162 I think North Douglas would have succeeded if it had 2 car garages within so many feet of each unit. No one wants to buy a new condo with no garage. Think Main Street Village Apartment layout on this land. That said, the owner might have needed this level of density because of land costs. The other thing I have found with condo/townhouse buyers is that they typically want to be able to walk somewhere......retail, biking path, etc. The North Douglas location did not offer this amenity. I think North Douglas would have succeeded if it had 2 car garages within so many feet of each unit. No one wants to buy a new condo with no garage. Think Main Street Village Apartment layout on this land. That said, the owner might have needed this level of density because of land costs.

The other thing I have found with condo/townhouse buyers is that they typically want to be able to walk somewhere……retail, biking path, etc. The North Douglas location did not offer this amenity.

]]> By: Irish Eyes http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24160 Irish Eyes Tue, 08 Dec 2009 21:36:23 +0000 http://www.realst8.crankpin.com/?p=929#comment-24160 North Douglas condos were nice....very good finishes, not top finishes, but far better than most with nice floorplans too. They ended up being too expensive for the South Bend natives and too far away for the ND crowd. If North Douglas was near campus, they'd sell very very well. North Douglas condos were nice….very good finishes, not top finishes, but far better than most with nice floorplans too. They ended up being too expensive for the South Bend natives and too far away for the ND crowd. If North Douglas was near campus, they’d sell very very well.

]]> By: Dave http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24159 Dave Tue, 08 Dec 2009 20:28:43 +0000 http://www.realst8.crankpin.com/?p=929#comment-24159 It's all about Irish football and not the economy. The units will sell like crazy IF the Irish can field a consistent BCS bowl caliber team. Until then, it's going to be slow going. It’s all about Irish football and not the economy. The units will sell like crazy IF the Irish can field a consistent BCS bowl caliber team. Until then, it’s going to be slow going.

]]> By: Nick Molnar http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24158 Nick Molnar Tue, 08 Dec 2009 19:41:13 +0000 http://www.realst8.crankpin.com/?p=929#comment-24158 Affordable but nice and new condos didn't work for the North Douglas condos developer. Prices there were $120,000s to about $150,000 and while you couldn't pick high-end finishes they were tasteful. I do see your point about the crowd chasing the wealthy buyers though. The right price and right location seems to be a tough balance in this market. Affordable but nice and new condos didn’t work for the North Douglas condos developer. Prices there were $120,000s to about $150,000 and while you couldn’t pick high-end finishes they were tasteful. I do see your point about the crowd chasing the wealthy buyers though. The right price and right location seems to be a tough balance in this market.

]]> By: Tracy http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24157 Tracy Tue, 08 Dec 2009 17:38:05 +0000 http://www.realst8.crankpin.com/?p=929#comment-24157 I think there are some great quality condos out there with high end finishes and definitely some in the "right" location for many buyers. But what almost every developer is missing is price point. I think they're letting their greed get in the way and pricing their condos way too high. Take a look at what is really moving in our market and it's sure not homes\condos over 300k or really even over 250k. As soon as a smart developer comes along and prices a decent condo in the low 100s, he or she's got a successful gold mine. Until then, the greedy ones will continue with limited success. I think there are some great quality condos out there with high end finishes and definitely some in the “right” location for many buyers. But what almost every developer is missing is price point. I think they’re letting their greed get in the way and pricing their condos way too high. Take a look at what is really moving in our market and it’s sure not homes\condos over 300k or really even over 250k. As soon as a smart developer comes along and prices a decent condo in the low 100s, he or she’s got a successful gold mine. Until then, the greedy ones will continue with limited success.

]]> By: Irish Eyes http://www.realst8.com/condos/hundreds-of-new-condos-near-notre-dame/comment-page-1/#comment-24156 Irish Eyes Tue, 08 Dec 2009 17:18:56 +0000 http://www.realst8.crankpin.com/?p=929#comment-24156 EXCELLENT blog topic and story Nick. Excellent, well written. I too have looked at all of these "condos". After touring them all I have come to the conclusion that the Irish Crossings triplex (not the fourplex) floorplans are the best...best layout and best bang for the buck. Large bedrooms with generous bathrooms for each and two levels of entertaining that flow together with walkout lower level The only downside is it is not right in the heart of ESC that some may want...thers will like being more peaceful and less crowded as ESC will be pretty dense. Just my two cents here. EXCELLENT blog topic and story Nick. Excellent, well written.

I too have looked at all of these “condos”. After touring them all I have come to the conclusion that the Irish Crossings triplex (not the fourplex) floorplans are the best…best layout and best bang for the buck. Large bedrooms with generous bathrooms for each and two levels of entertaining that flow together with walkout lower level The only downside is it is not right in the heart of ESC that some may want…thers will like being more peaceful and less crowded as ESC will be pretty dense. Just my two cents here.

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