150k condos
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150k condos
Does anyone in the future see condos downtown, maybe north downtown coming up for sale where you could get 2 bedroom 1 or 2 bath 900-1000sq ft for around 150k price range?
Not like the current ones in that range like hill and St Clare. I would like something kind of like Ford Lofts or buildings like that or at least close to some action. I don't consider St Clare and Hill project downtown living.
Thank you.
Not like the current ones in that range like hill and St Clare. I would like something kind of like Ford Lofts or buildings like that or at least close to some action. I don't consider St Clare and Hill project downtown living.
Thank you.
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Condos in the 200s
Why would anyone want to live downtown and pay 200+, when you can get a house for that's the same price. I don't see a big market here in Omaha, unless average houses are 400 and up, and condos are 150 and up.
Condos cost too much here I think.
Condos cost too much here I think.
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I think that's just one of the bigger differences about Omaha housing. Living downtown is not really a necessity, its a nice-to-have. So its not as much of a competitive market compared to somewhere like NYC where if you don't live downtown you have incurred about 2hrs extra travel time. As long as living in DTO is not a have-to, pricing will likely remain at a premium - Creighton/Student housing notwithstanding.
Re: Condos in the 200s
You're paying for the lifestyle, not the condo. Location, Location, Location. Like Swift said, some people like it, other don't. It's a lifestyle choice.shengs75 wrote:Why would anyone want to live downtown and pay 200+, when you can get a house for that's the same price. I don't see a big market here in Omaha, unless average houses are 400 and up, and condos are 150 and up.
Condos cost too much here I think.
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Re: Condos in the 200s
Simple. Urban areas are better than suburban areas. ;)shengs75 wrote:Why would anyone want to live downtown and pay 200+, when you can get a house for that's the same price. I don't see a big market here in Omaha, unless average houses are 400 and up, and condos are 150 and up.
Condos cost too much here I think.
"The right to have access to every building in the city by private motorcar in an age when everyone possesses such a vehicle is actually the right to destroy the city."
Lewis Mumford, The Highway and the City, 1963
Lewis Mumford, The Highway and the City, 1963
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That's true
That's ture. Location, location, location. I guess I wouldn't live downtown unless I work there. DTO is not like NYC, as mentioned form a previous post.
I guess my point is there shouldn't be a premium on downtown condos. I just don't see that many people anxious to move from nice houses to downtown condos. Unless, you're single with no kids, and maybe don't have a car. Otherwise, there really isn't much to offer by DTO. Where do you go for grocery shopping downtown? Everytime I go down there, it seems like everything is closed after business hours. There's not even that many people walking around. Besides the bars and restaurants. There really isn't that many places opened downtown. It would be nice to have at least some grocery stores and supermarkets downtown. Then I can see the convenience.
For those that are living downtown, do you still find yourself driving west or east to Council Bluffs to get groceries and miscellaneous stuff? I mean it's not like there's a mall down there or even a department store like in the old days.
I guess my point is there shouldn't be a premium on downtown condos. I just don't see that many people anxious to move from nice houses to downtown condos. Unless, you're single with no kids, and maybe don't have a car. Otherwise, there really isn't much to offer by DTO. Where do you go for grocery shopping downtown? Everytime I go down there, it seems like everything is closed after business hours. There's not even that many people walking around. Besides the bars and restaurants. There really isn't that many places opened downtown. It would be nice to have at least some grocery stores and supermarkets downtown. Then I can see the convenience.
For those that are living downtown, do you still find yourself driving west or east to Council Bluffs to get groceries and miscellaneous stuff? I mean it's not like there's a mall down there or even a department store like in the old days.
Loaded statement. Careful, some around here refuse to admit this! But you bring up some good points. Downtown Omaha is coming around and the urban locaiton is different. Over the next several years, there will be more conveniences and amenities in downtown. The condo wave will help foster that development, but the millions of dollars invested over the past 5 years helped implement a critical mass that keeps growing. Those who choose to buy downtown now will be continually rewarded moving forward!There's not even that many people walking around.
Shengs... like anything else, it's market driven. If people truly don't want to pay that much money for condos downtown, they're not going to sell. As it happens however, they ARE selling. It just happens, the product doesn't appeal to YOU.I guess my point is there shouldn't be a premium on downtown condos.
It's really no different than my having a complete disdain for expensive Hummer SUV's... yet they continue to have a following. I don't understand their appeal, yet many people seem to be buying them.
Consider a life 'triad' including work, entertainment, and shopping. For many, people downtown Omaha provides for 2 of those 3 categories. Unless your idea of entertainment is limited to going to the movie theatre (and even that can be a modest drive), most suburban areas only satisfy one of those areas. Downtown living obviously isn't for everyone, but alot of people are discovering it is for them.
Re: That's true
People always say there is no grocery store downtown...Bucky's is a grocery store. Sure, it's also a gas station, but there is a grocery store inside. Sure, it's not a sprawl-mart grocery store, but they everything you would need (including a large wine selection).shengs75 wrote:Besides the bars and restaurants. There really isn't that many places opened downtown. It would be nice to have at least some grocery stores and supermarkets downtown. Then I can see the convenience.
For those that are living downtown, do you still find yourself driving west or east to Council Bluffs to get groceries and miscellaneous stuff? I mean it's not like there's a mall down there or even a department store like in the old days.
Besides bars and resturants, what places do you want to be open??
True Buckys offers most everything you'd need, but often at an alarming price point. I've gone in there just for a snack and looked around at prices and thought people would have to be crazy to buy groceries there. Downtown needs some sort of actually grocery store, maybe not a "sprawlmart" but a midsize chain at least.
1/2 1/2
I agree with some of the statements. I lived downtown for a year and personally, I think the prices they are asking are a little expensive for downtown Omaha. Let’s face it, $120k for 1 bed room 708 sf (Ford Lofts)? Omaha does not have "cool" of a downtown to demand those prices. I don't think at least and I have been to a lot of bigger cities. Every closes at 1am (bars) all the stores close at around 6pm or so (closed on Sunday).
It also makes me wonder why at the Ford Lofts the developer is giving $1,000 if you close by Oct 31st. usually people start giving things away when the demand slows down and they can't get rid of them at retail price. Any thoughts?
It also makes me wonder why at the Ford Lofts the developer is giving $1,000 if you close by Oct 31st. usually people start giving things away when the demand slows down and they can't get rid of them at retail price. Any thoughts?
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kansas city:
3am bar closing time.
eomaha.com deserves a friendly jab back every once in a while.
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3am bar closing time.
eomaha.com deserves a friendly jab back every once in a while.
*slips out*
Re: 1/2 1/2
Well I live in San Francisco and I think you're wrong.MrWh1t3 wrote:I agree with some of the statements. I lived downtown for a year and personally, I think the prices they are asking are a little expensive for downtown Omaha. Let’s face it, $120k for 1 bed room 708 sf (Ford Lofts)? Omaha does not have "cool" of a downtown to demand those prices. I don't think at least and I have been to a lot of bigger cities. Every closes at 1am (bars) all the stores close at around 6pm or so (closed on Sunday).
Once again, the prices are driven by what the market will bring... not by what a few of us think is a fair price. I'm not hearing any stories emerging about these condominiums having trouble getting sold... on the contrary, there seem to be more and more developers throwing their hats in the ring... conversions, new construction, highrises, townhouses... you name it, we're seeing it.
The national median price of a condo passed the national median price of a single family home a couple years ago. It should be no suprise to anybody that condos are selling at a premium to single family homes here. The bigger the city, the bigger the premium, and Omaha is growing fast.
As for the services, shopping, and hours downtown, the people have to come first, then you see those things follow. The downtown population is set to explode when all the condo projects on the market start getting completed and residents start to move in. Same goes for the lack of people on the streets.
I've been to a number of larger metro areas in the last two years myself, and while Omaha stacks up well to some of them, we've got a ways to go to catch others from my perspective. I'm excited to see what the future holds for our urban core.
We will hardly recognize downtown 5-10 years from now.
PS. I think the 1am closing time is lame. More than one attempt to change it for the downtown area has been made and shot down, but as more and more people move downtown, I'm sure it will come up again.
As for the services, shopping, and hours downtown, the people have to come first, then you see those things follow. The downtown population is set to explode when all the condo projects on the market start getting completed and residents start to move in. Same goes for the lack of people on the streets.
I've been to a number of larger metro areas in the last two years myself, and while Omaha stacks up well to some of them, we've got a ways to go to catch others from my perspective. I'm excited to see what the future holds for our urban core.
We will hardly recognize downtown 5-10 years from now.
PS. I think the 1am closing time is lame. More than one attempt to change it for the downtown area has been made and shot down, but as more and more people move downtown, I'm sure it will come up again.
I was thinking today about the DT grocery store and came up with this.
- The last I knew DTO's population was around 7,000. So 7,000 people in about 2 sq mi. is equal in density to Omaha's 3,400 per sq. mi. So you could argue that DT now has the population for a 'Bakers'. BUT if you go into the areas around DT, especially North DT to the near north side where there are hardly any people living. DT is blocked to the east by CB and the west by the interstate. If the neighborhoods around DT were more integrated into the core I don't think we'd see the retail void that we have now.
I'm still waiting for more RENTAL units to be offered DT. You need people of all economic levels to make a 'cool' DT.
- The last I knew DTO's population was around 7,000. So 7,000 people in about 2 sq mi. is equal in density to Omaha's 3,400 per sq. mi. So you could argue that DT now has the population for a 'Bakers'. BUT if you go into the areas around DT, especially North DT to the near north side where there are hardly any people living. DT is blocked to the east by CB and the west by the interstate. If the neighborhoods around DT were more integrated into the core I don't think we'd see the retail void that we have now.
I'm still waiting for more RENTAL units to be offered DT. You need people of all economic levels to make a 'cool' DT.
DTO
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DTO
I hope you guys are right. I would love to see DTO grow, and I don't think condos is the key factor here. I think there needs to be more businesses downtown. If there are more people working downtown, more business, then that would definitely draw more people to live there. I guess it's a chicken and egg issue.
I used to work downtown by FNB tower, and I just wish there were more options for lunch. I also used to work by the World Trade Center in NYC. Boy what a difference. The streets are flooded during lunch hours. Even after work, there are people waiting for the bus, catching the subways, hailing a yellow cab. I kind of miss that in a way, and glad that Omaha isn't like that as well.
I do have a friend who lives downtown. He's single, works downtown, no kids, no car, so buying a condo downtown was an easy decision for him. I, on the other hand, have a family with a kid, and don't work downtown anymore, so I don't even find myself going there at all. I just wish there were more reasons for me to go downtown. I plan on checking out some concerts at the new Holland Concert Hall, but besides that even if I want to go to a bar or shopping, I can just go somewhere near without going downtown. I also wished there were more cultural activities downtown as well. More offerings like Taste of Omaha, Big O, Farmer's Market, etc. in the downtown area. It just seems like DTO is the fully utilized to its capabilities.
Enough of my ramblings. I love Omaha, and I hope it continues to grown.
I used to work downtown by FNB tower, and I just wish there were more options for lunch. I also used to work by the World Trade Center in NYC. Boy what a difference. The streets are flooded during lunch hours. Even after work, there are people waiting for the bus, catching the subways, hailing a yellow cab. I kind of miss that in a way, and glad that Omaha isn't like that as well.
I do have a friend who lives downtown. He's single, works downtown, no kids, no car, so buying a condo downtown was an easy decision for him. I, on the other hand, have a family with a kid, and don't work downtown anymore, so I don't even find myself going there at all. I just wish there were more reasons for me to go downtown. I plan on checking out some concerts at the new Holland Concert Hall, but besides that even if I want to go to a bar or shopping, I can just go somewhere near without going downtown. I also wished there were more cultural activities downtown as well. More offerings like Taste of Omaha, Big O, Farmer's Market, etc. in the downtown area. It just seems like DTO is the fully utilized to its capabilities.
Enough of my ramblings. I love Omaha, and I hope it continues to grown.
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Indeed there are some events
But is it just me or are these events so small that not a lot of people even heard of or have attended them.
I went to the Santa Lucia Festival. It's nice to have something like that, but to me the size of it is a joke. Even some of the Italian festivals I've been to in Pittsburgh, PA is a lot bigger in size than this tiny festival.
Jazz on the Green is nice.
I went to the Santa Lucia Festival. It's nice to have something like that, but to me the size of it is a joke. Even some of the Italian festivals I've been to in Pittsburgh, PA is a lot bigger in size than this tiny festival.
Jazz on the Green is nice.