Previous_Floor t1_j0cuuoh wrote on December 15, 2022 at 6:49 PM

Reply to comment by FunLife64 in New design for Fane Tower keeps height the same by Rogue-Island-Pirate

>Waterplace and the Omni residences have incredible demand. The Nightingale opened less than 2 years ago and is one of the more expensive apt buildings (one bedrooms are min $2300). It has 9-10 open units in a 150 unit building.

This is a weak argument. If there was truly high demand for luxury apartments in downtown, there would be zero open units (and a waiting list) in the 150 unit building that you're referencing.

FunLife64 t1_j0dvobg wrote on December 15, 2022 at 10:48 PM

It’s not typical for apartments to go from 0-full in a very short period - people are in 12+ month leases elsewhere. Also, they have lease turnover constantly. It’s not to say 10 open units have been sitting there empty since it opened. It could be 10 units that are coming up on an open lease but aren’t open right now.

Plus, you can buy condos for the same price as a mortgage - hence the high demand in those other buildings.

Like it or not, there’s demand.