Comments on: New Feature in the Local Newspaper on New Notre Dame Condos Coming Soon http://www.realst8.com/blog/condos/new-feature-in-the-local-newspaper-on-new-notre-dame-condos-coming-soon/ Real Estate and Area Information for South Bend, Mishawaka, Granger and Notre Dame, Indiana Wed, 10 Mar 2010 16:12:22 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mikey http://www.realst8.com/blog/condos/new-feature-in-the-local-newspaper-on-new-notre-dame-condos-coming-soon/comment-page-1/#comment-23284 Mikey Fri, 31 Oct 2008 21:29:53 +0000 http://www.realst8.com/blog/?p=508#comment-23284 Yeah, I think Ivy Quad paid about $950,000.00 for the 2.7 acres. Yeah, I think Ivy Quad paid about $950,000.00 for the 2.7 acres.

]]> By: Local Guy http://www.realst8.com/blog/condos/new-feature-in-the-local-newspaper-on-new-notre-dame-condos-coming-soon/comment-page-1/#comment-23283 Local Guy Fri, 31 Oct 2008 13:20:22 +0000 http://www.realst8.com/blog/?p=508#comment-23283 Attached homes would sell well to local residents if they fit within the South Bend area norms of price per sqft. I wonder how Holladay Properties will approach the residential portion of their 450 acre project near Cleveland and the Bypass? Holladay Properties was the developer for The Cottages of Pendle Woods (www.pendlewoods.com). http://www.holladayproperties.com/mixeduse/mixeduse_property.php?propid=AMPSB Attached homes would sell well to local residents if they fit within the South Bend area norms of price per sqft. I wonder how Holladay Properties will approach the residential portion of their 450 acre project near Cleveland and the Bypass? Holladay Properties was the developer for The Cottages of Pendle Woods (www.pendlewoods.com).

http://www.holladayproperties.com/mixeduse/mixeduse_property.php?propid=AMPSB

]]> By: Mark T. http://www.realst8.com/blog/condos/new-feature-in-the-local-newspaper-on-new-notre-dame-condos-coming-soon/comment-page-1/#comment-23282 Mark T. Fri, 31 Oct 2008 03:07:14 +0000 http://www.realst8.com/blog/?p=508#comment-23282 Almost forgot about Stadium Club....is that thing back to apartments now? Was condos, then apartments, then attempt back at condos, the condos to rent out, now back to essentially what are apartments??? I'm sure Little Flower is happy...and that hideous yellow is just crazy. Lastly that "graduate" house thingy near Little Flower is another development too. Almost forgot about Stadium Club….is that thing back to apartments now? Was condos, then apartments, then attempt back at condos, the condos to rent out, now back to essentially what are apartments??? I’m sure Little Flower is happy…and that hideous yellow is just crazy.

Lastly that “graduate” house thingy near Little Flower is another development too.

]]> By: Mark T. http://www.realst8.com/blog/condos/new-feature-in-the-local-newspaper-on-new-notre-dame-condos-coming-soon/comment-page-1/#comment-23281 Mark T. Fri, 31 Oct 2008 03:03:44 +0000 http://www.realst8.com/blog/?p=508#comment-23281 Dublin Village wasn't the project that started the Notre Dame condo boom...they just happened to be ones that were able to roll out construction faster. Irish Crossings and Pendle Woods were before DV and DV originally was not planned to target the ND market they sorta fell into it then ran with the ball. To date, I am not aware of any actual sales at Stadium Village Townhomes, but one could have slipped through since last I checked. Ivy Quad is a bit premature to comment on since the land is still in the development stage and the density is beyond anything we've seen in this market (62-64 units on 2.7 acres?) and the floorplans appear very cramped with different floors of a townhome owned by different people...I can't figure out what was going on with those except that they needed to pack in the number of units to cover land and development costs. Ivy Quad will be an interesting project to watch that is for sure. My gut tells me it will end badly but I hope I am wrong. The same people started Keenan Court which seems to be for all practical purposes DOA like North Douglas Condos. Both KC and NDC need to drop prices by 25% to make a go of it in this area since they are priced at single family home prices for our area and neither location is ideal...KC is next to a large public housing type complex and NDC is next to some sort of environmental issue site (I'm sure it is safe, you just need to be on city water). NDC should have just been an apartment complex instead. Eddy Street Commons should do OK albeit will go slowly. ND is pushing it and some alums will rally to buy there but the first roll out will take five years probably. ND is a small school and it is doubtful SMC and HC and IUSB and Bethal will all congregate there. Sure it'll be packed 5-6 weekends a year but is that enough to support those businesses year round (oh I guess JPW and graduation too)? ESC will also kill SB downtown from ever being a place to live and shop. Whatever demand, the little that there is, for living/working/shopping in downtown SB will get absorb by ESC. Only Mishawaka has a plan that combines these things effectively to build a year round residential community...Mishawaka also has most of the best retail and restaurants too. The enthusiasm to buy extra homes is long gone now. We'll see how many people snap up ESC and Ivy Quad homes. Moreover, retail shopping (and to some extent restaurants too) has been way overbuilt. It really was the wrong time to move forward with ECD, but ND is really pushing it so I guess it'll be moving forward....the positive is it is in SB city limits so the second home buyers will be adding to our property tax base (at city tax rates!) and same with the retail. Now if only the county could tax football tickets (10% tax) and parking at ND ($5/car or $10/car), we'd solve most of the budget problems with zero complaints from St. Joseph County residents. Why our local government caves to ND about this stuff and buys the argument that ND contributes so much to the local economy that they should get off the hook on taxes is beyond me....ND can't move and most of the taxes would come from non-locals....seems to me to be a no brainer who to tax. SB (or Roseland...where are those crazies when you need them) should just annex ND instead of letting them walk all over over the county. Dublin Village wasn’t the project that started the Notre Dame condo boom…they just happened to be ones that were able to roll out construction faster. Irish Crossings and Pendle Woods were before DV and DV originally was not planned to target the ND market they sorta fell into it then ran with the ball. To date, I am not aware of any actual sales at Stadium Village Townhomes, but one could have slipped through since last I checked.

Ivy Quad is a bit premature to comment on since the land is still in the development stage and the density is beyond anything we’ve seen in this market (62-64 units on 2.7 acres?) and the floorplans appear very cramped with different floors of a townhome owned by different people…I can’t figure out what was going on with those except that they needed to pack in the number of units to cover land and development costs. Ivy Quad will be an interesting project to watch that is for sure. My gut tells me it will end badly but I hope I am wrong. The same people started Keenan Court which seems to be for all practical purposes DOA like North Douglas Condos. Both KC and NDC need to drop prices by 25% to make a go of it in this area since they are priced at single family home prices for our area and neither location is ideal…KC is next to a large public housing type complex and NDC is next to some sort of environmental issue site (I’m sure it is safe, you just need to be on city water). NDC should have just been an apartment complex instead.

Eddy Street Commons should do OK albeit will go slowly. ND is pushing it and some alums will rally to buy there but the first roll out will take five years probably. ND is a small school and it is doubtful SMC and HC and IUSB and Bethal will all congregate there. Sure it’ll be packed 5-6 weekends a year but is that enough to support those businesses year round (oh I guess JPW and graduation too)? ESC will also kill SB downtown from ever being a place to live and shop. Whatever demand, the little that there is, for living/working/shopping in downtown SB will get absorb by ESC. Only Mishawaka has a plan that combines these things effectively to build a year round residential community…Mishawaka also has most of the best retail and restaurants too.

The enthusiasm to buy extra homes is long gone now. We’ll see how many people snap up ESC and Ivy Quad homes. Moreover, retail shopping (and to some extent restaurants too) has been way overbuilt. It really was the wrong time to move forward with ECD, but ND is really pushing it so I guess it’ll be moving forward….the positive is it is in SB city limits so the second home buyers will be adding to our property tax base (at city tax rates!) and same with the retail. Now if only the county could tax football tickets (10% tax) and parking at ND ($5/car or $10/car), we’d solve most of the budget problems with zero complaints from St. Joseph County residents. Why our local government caves to ND about this stuff and buys the argument that ND contributes so much to the local economy that they should get off the hook on taxes is beyond me….ND can’t move and most of the taxes would come from non-locals….seems to me to be a no brainer who to tax. SB (or Roseland…where are those crazies when you need them) should just annex ND instead of letting them walk all over over the county.

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