Housing prices in a city or state will not change based on a small number of projects (most of what’s been built recently downtown are 4-5 story buildings too, small).

The housing availability downtown was already bad, so they are simply fill in already existing pent up demand (which is why these newer buildings are filling quickly).

This is a much larger project in terms of volume, but the years and years of resistance isn’t helping. This project won’t be done for a while, so not gonna affect any prices now.

Also, the coined “luxury high end” is simply not true - it’s all marketed that way. As someone who’s lived in major cities, they aren’t that fancy.

They are, however, apartments in a desirable downtown area in a city. Those will never be “cheap”. People on here seem to think living in the heart of downtown in a new apartment should cost $1200/month. That’s not really how real estate works.

PVD needs bigger residential projects in other areas of the city.