5th & Main Condos Resume Sales in April

March 4, 2011 by admin · 1 Comment 

As I first reported on February 27th, today new owner ACG Equities announced the 5th and Main condos will remain condos and not be converted into apartments. The Nashville Business Journal reports that ACG Equities will resume condo sales in April with “bold new pricing”. Considering ACG Equities was able to acquire the remaining 120 [...]

Nashville Condo Market Debate Continues

December 13, 2009 by admin · 5 Comments 

Recently, an educated rebuttal was posted on my 5 year condo analysis article. This rebuttal had some great points that I have posted in their entirety below. My answers/thoughts follow each point in blue. “An interesting analysis, but I respectfully disagree with your conclusion that now is the best time to buy a condo in [...]

5 Year Nashville Condo Market Analysis

December 13, 2009 by admin · 13 Comments 

The economic recession has affected the US housing market disproportionately. The problem is that the local, regional and nation media outlets are very good at pointing out the obvious bad markets like Las Vegas, Miami and Phoenix, but they are very bad at explaining where the rest of the local markets are in the housing [...]

Velocity Condos in Nashville Sales Update

December 10, 2009 by admin · 7 Comments 

As of the end of November, the Velocity in the Gulch has closed 20 condos out of a possible 265 (7.5%). Granted, the grand opening was just over a month ago, but sales have yet to set any impressive marks. Surprisingly, the average price per square foot still far exceeds $300/ft coming in at $330.58. [...]

Velocity in the Gulch Condo Sales Update

September 19, 2009 by admin · 21 Comments 

It has been tough sledding for the 265 unit Velocity in the Gulch condo project located next door to the Icon. For a project whose presales numbered in the hundreds, having 9 total closings (3.4%) in the first 3 months since opening does not seem impressive. Even less impressive is the over $325 a foot [...]