Home : Blogs : Anthony Clark : Your Northwest Arkansas Realtor

Underwood Plaza Sneak Peek

Arguably the most anticipated residential development in Northwest Arkansas history, the Lofts at Underwood Plaza is nearing completion. For the first time today the general public was invited in to tour the building and see the progress. For those of you who were too devastated by the Razorbacks' loss to join us at Underwood Plaza today, I took some photos for your enjoyment. Please keep in mind that this is not the finished product, but a good representation of what these luxury condos will look like upon completion. For more information, a private tour, or our information center hours contact me anytime!

Scroll down for photos or see more photos and read the entire article at moveNWA.com

Short clip of the view from 902:

The Metropolitan, one of three finish packages. Only 5 black box units are available.

A view of Dickson Street, Old Main, and the University of Arkansas campus from unit 901.

Posted by Anthony Clark on 09/20/2008 10:38 PM

Comments (14)

Underwood Plaza in the Regional (Localism) Channel

architecture, buying a home, fayetteville arkansas, northwest arkansas, nwa, university of arkansas, urban and downtown living

This post has been included in Arkansas Information Washington County, AR Information Fayetteville, AR Information
Post is included in group: Urban Core - Returning to our Downtowns
Post is included in group: Razorbacks in Real Estate
Post is included in group: NWA Realtors®
Post is included in group: LGBT Referrals
Post is included in group: Condo Specialists

14 Comments on Underwood Plaza Sneak Peek

SEP

2008

Hi Anthony... these are great looking! I am really impressed with this project. What's the pricing like?

Steve Prices range from about $212,000 to just under $1.3 million and square footage ranges from 522 to about 2,026. There is no development in Northwest Arkansas that compares to Underwood Plaza. Dickson Street is the heart of the region - dozens of fine restaurants, bars, and shops, the University of Arkansas, the Walton Arts Center, and a number of other amenities are literally steps from Underwood Plaza. There is also a parking garage for the residents and soon there will be a number or wonderful retail shops and restaurants occupying the building. There are more photos and information on my outside blog and I'll be posting better photos soon as areas of the building are finished.

Wow... it sounds like they are getting strong $/Sq. Ft. or is this common pricing in your area? I must admit, I am very impressed with the project from the pics you have posted. Very nice!

SEP

2008

Anthony, I need to pay attention, I missed the tour yesterday. The photos are great, wow what a view. I love the Dickson Street area, never a dull moment.

Steve Square footage prices range from about $250 to $775. Views, building amenities, and location demand and support those prices. Quality re-sales in this area pull $200-400 per square foot.

Donna You should come take a look soon. I'll be happy to give you a tour any time. The views area really stunning in person.

Anthony, I would love to see these units. I'll wait until Bikes, Blues & BBQ is over. Thanks!

SEP

2008

Donna Good idea! I live 1/2 block off Dickson and I'm a little nervous :)

SEP

2008

Anthony, if you live 1/2 block off Dickson, don't plan on getting much sleep, unless the sound of a few rumbles will put you to sleep. LOL

OCT

2008

Anthony, Thanks for the personal tour yesterday... these condos are beautiful with some awesome views of Fayetteville. You should be looking at some quick sales on these units.

great pictures!

Donna You are so welcome! It was great seeing you.

Will Even better in person ;)

FEB

I have noticed that these units are moving extremely slowly. Given the current real estate and banking environment--what is the status of this project? I know that the Merryship refurb of the Cosmopolitan is now at a virtual standstill--will their lack of liquidity affect this project? Any fire sale prices yet?

Six of the 51 condos have sold and are occupied. Given that the building is still under construction (let alone the current market), I wouldn't describe the activity as "slow" at all. The feedback we've received from individuals who are seriously looking at Downtown Fayetteville real estate has been that the quality is better than other new projects, they appreciate that we are offering "turn key" properties rather than white-box, and that the pricing is realistic given the amenities, location, and one-of-a-kind views that Underwood Plaza delivers. "Fire sales" typically only occur when a Seller is in a distressed situation, so I do not see that in Underwood Plaza's future. As far as the Cosmopolitan, that is a completely different development team so its liquidity has no bearing on our development. And for the record, the renovations slowed, not stopped, because the bank which was financing them is now defunct. The developers and FEDC are currently identifying another bank to award the loan. Renovations are now scheduled to be completed between June 1st and the end of the year.

FEB

Thanks for clearing up any misunderstanding. Will keep an eye on closings.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?