Water Tower Place
A total of 43 units. 1, 2 & 3 bedroom floorplans. 8 of those units will be affordable housing. 35 will be sold at market value. 11 units are currently available ranging from $645,000 to $1,045,000. I am told the remaining units will be offered at Phase 2 of this project's release. So, not all units are listed for sale at the moment. The entire project consists of 3 separate buildings; A, B and C. A & B buildings will both have superior views out to the east; Continental Divide & Lake Dillon views. Building C will be somewhat eclipsed by the B Building. By the way, building A will have some light retail shops on the ground level. My understanding is that the project is scheduled for completion early summer of 2009. I can tell you they are working feverously on the project and Building B will be close to being able to walk very soon.
As far as pricing, the developer has determined this pricing now is indeed, pre-released pricing. Honestly, as the market stands today, I would not expect them to raise prices significantly in the near future. However, that is hard to determine. The developer is offering an incentive for the next 3 properties placed under contract. This incentive consists of an entire outdoor furniture and hot tub package with a value of approximately $20,000. A contract requires 5% down in an earnest money deposit.
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Listing is courtsey of Slifer Smith and Frampton
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