Condo Sales “Surge” in Downtown Raleigh

150
07/14 11:23 AM

As usual, I don’t quite understand the snarkiness.  Seems like having 52 more people living downtown and having 35 more condos filled is a positive thing for DTR.  I assume, if they’re moving into Bloomsbury and West, they have disposable income and desire spending it on downtown establishments.  Betcha NR favorites, such as the Boylan Brewpub and Rockford II, are happy about this.

Jenna
07/14 12:19 PM

In this economy, I’ll take any good news I can get.

C
07/14 12:40 PM

I “enjoyed” this “report.”

JT#2
07/14 12:53 PM

Remember when we thought Edison, Charter Square, L, Lafayette, and Reynolds Tower were actually gonna get built in the near future?  Seems like a past life…

Jorge Scrodak
07/14 02:29 PM

The snarkiness is aimed at the use of the word surge to describe 35 sales. I know a guy who knows a guy that heard that this website is always happy about this kind of thing.

travis
07/14 02:38 PM

We should be glad for any growth in this economy. People in the Triangle have been pretty sheltered from the worst of the recession. I’m sure towns like Cleveland and Detroit would be happy for any growth. Leave it to New Raleigh to be negative and snarky about what most people would consider a positive thing. Must be miserable living in a city that you seemingly hate so much. I had high hopes for this site when it began, but the negativity and the “let’s bash everything” attitutes of the contributers and comments have turned me off. Won’t be back unless I’m just in too good of a mood and want an instant downer.
See you NR.

150
07/14 03:01 PM

I think Jorge’s right, that the snarkiness is probably aimed at the Triangle Business Journal’s use of the word surge.  If so, I misinterpreted this article.

Zeus
07/14 03:27 PM

The proper grid? Oh the one with nowhere to park.

WILLNCSU
07/14 04:36 PM

I would consider a 50% increase over last year and an 85% increase over the previous quarter a surge.  So would any real estate analyst in the country.

John
07/14 04:49 PM

Just in case you didn’t know, your bias is showing.

Panhellenic
07/14 04:51 PM

I understand the snarkiness, it isn’t exactly a surge in a city the size of Raleigh.  That said, it is better than nothing.  Good for those people for making the commitment.  I want to pull the trigger on one of these but I am not in the right place financially (cannot sell my house).

Banks certainly are not making it easy on anyone right now, either (with exception to rates)...

Lisa
07/14 05:24 PM

I think this would be even better news if the condos were affordable to young non-professionals (students, service workers) who actually hang out and work downtown. Making some of these units rentals would pretty much ensure a return on the builders’ investments, and many times over.

It’d also do a lot to help create community in the downtown area…something the disparate flashy bars of Glenwood South are lacking these days, I feel.

condo girl
07/14 09:46 PM

At the average price these condos sell for, I think 35 condos sold in a 3 month period could accurately be called a surge.  Why incorporate this negative tone into the title of your article?  The sale of condos in downtown Raleigh is good for the growth and vitality of downtown.  The increase in the number of people living downtown is helping transform downtown from a ghost town into a vibrant urban scene.  I own and live in a downtown condo, and all of my neighbors are huge downtown supporters and frequent downtown businesses and events.  I agree that there should be a bigger variety of more affordable condos, but this is a start.  From the title of your article, one would think you were bitter about something…

Peter_K
07/14 10:59 PM

I always thought downtown proper was defined by the 4 directional streets: North Street, East Street, south Street, and West Street. If this is true, then the West at North would count in my book, even if it is just barely at the edge.

And considering when Cameron Village was built, it was “out there” on the edge of town. If you ask most people from Raleigh, and especially the greater Raleigh area, just about anything inside the beltine counts as “downtown.”

Kieth Crabtree
07/15 01:11 AM

WOW!  52 MORE PEOPLE!  We *definitely* need a train.

Micah
07/15 01:20 AM

Jesus F, I get SO tired of hearing people comment here on how New Raleigh is biased, or snarky, or negative, or too leftist, or too hipster, or too…whatever.  SO FUCKING WHAT!?  This is a PRIVATE BLOG on the freaking INTERNET!  This is the blog author’s sandbox, and they can do and say whatever they want here.  You don’t have to read it, and you can even start your own blog and write whatever the hell you want.  Oh, while I’m at it, I also get tired of hearing people say there is nowhere to park in downtown Raleigh.  There happen to be huge parking decks EVERYWHERE in downtown.  Most all of them are free at night, and pretty inexpensive during business hours.

Micah
07/15 01:31 AM

While I’m on a rant, one more thing re: Cameron Village;  CV was built in 1949-50 (mostly).  That property had long been within the city limits at that time.  It was not “out in the boonies” as so many people seem to think.  There were established neighborhoods all around CV when it was built.  I think it was in the early-mid 1950’s that the city annexed all the way out past Ridge Rd. to just past where the beltline is now.  The Ridge Rd. area was quickly built up in the 50’s.  People so often talk about CV as if it were some huge speculative venture out in the deep woods, and it simply isn’t true.

congo girl's sister
07/15 02:38 AM

I think the “surge” is great, “quotes” or not!  Yay for folks moving downtown, slowly but surely.

rl
07/15 08:32 AM

still got alongway to go folk at this rate the edison will get built maybe three or four years from now

matt
07/15 08:41 AM

OK, that dude Travis is finally gone, now let’s get sensible  

150
07/15 10:40 AM

Micah:
Don’t forget, the blog has a comment section, which “welcome on-topic corrections, criticism, ideas and insight”.  If the readers feel there’s a snarky/negative tone, well guess what, there’s value in calling that out if you want to have a full discussion.   
Also, you do have the option of following your own advice and not reading the comments if it works you into such a frenzy.

Killer Madison
07/15 10:55 AM

Micah, you are right, but it is healthy to debate these things.  Most people reading this blog want to see DT Raleigh succeed, so I think we are all on the same page.  Obviously us readers give a lot of credit to what Jedidiah and the rest of the writers/editors have to say, or we wouldn’t stick around.  That doesn’t mean we have to agree with everything they say, that would make for a pretty boring community.

Anyway, I am happy to see these condos being purchased.  I kind of like the look of some of the buildings.  I did not care for the Hue, though.  I too wish that we had some in the lower price range, but that usually isn’t how it works.  I lived in DC for a while and it seemed like gentrification typically started with lux condos being built and sold.  With that comes lower priced units.  It will happen.

Micahs Membership
07/15 12:04 PM

Curious how I participate in this “PRIVATE BLOG”.  Please let me in.

Great for downtown.

Tony Woodard
07/15 12:48 PM

I was under the impression that NR’s raison d’etre was general negativity and snarkitude. At least in the comments. Oh well…

Internet Police
07/15 03:21 PM

The internet exists for the sole purpose of talking down to people who do not agree with your opinions. If you can’t deal with that, turn off your computer.

arthurb3
07/16 06:19 PM

Zeus,
There are 6 huge parking decks downtown. There is plenty of parking. You all are just too lazy to walk more than 10 feet!

smitty
07/17 08:27 PM

Sales do not equal population growth.  Look in your own neighborhood and count the empty houses.

jz
07/18 05:10 PM

I think the bar held by New Raleigh is simply higher than most people are used to.  Have we become allergic to strong opinions?  Snarky? perhaps.  Maybe there are more constructive ways of calling out mediocrity when one commits themselves to a community as NR has done. But there needs to be some standards upheld. TBJ should be called out for journalistic distortion. Recession or otherwise, a surge 35 condo sales is not.  Strong praise for NR holding a bar above the majority who would love to simply post about the McDonalds renovation out on Strickland or the next fan-tabulous gated community out toward Wake Forest.

(And for the record NR isn’t the ONLY site which offers strong thoughts. I recommend RDUWTF.com anyday.  The wit and sarcasm is an added bonus.  Unfortunately the postings aren’t as regular.)

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Peg Leg with a Kickstand
07/20 12:24 PM

jz, you are right on target.  35 condo sales is not a surge, but you have to admit that it is good for DT Raleigh.  It is better than zero. 

The TBJ is mostly crap, we all know that.

Good for NR for holding butts to the fire.  I live in Boylan, and I hope more people move to the area instead of to that “fan-tabulous gated community out toward Wake Forest.”  At least more totally awesome people

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