Sunday, April 29, 2007

Resurgence

Midtowne’s time arrives
Condos see new life in Harrison Square
http://www.fortwayne.com/mld/journalgazette/business/17153704.htm

From the article:

"Buyers are snapping up units at Midtowne Crossing – the city’s first experiment in downtown condominium development. The 104-unit building is experiencing a resurgence due to the Harrison Square project and the general renewed interest in downtown. Sale prices are up, and units are selling quickly, property manager Diane Enterline said."

"Interest in Midtowne Crossing increased when people saw the city developing the plans for Harrison Square and investing in downtown revitalization"

"Harrison Square should make Midtowne Crossing’s location more attractive and increase interest in ownership, said Tom Steigmeyer, president of the Midtowne Crossing Owners Association."

"Harrison Square will help draw additional restaurants and stores to the area, Steigmeyer said. Midtowne Crossing lacked those attractions when it first opened."

"The Downtown Improvement District is working on a project to promote interest in downtown living. The group plans to convert unused space above businesses on Calhoun and Harrison streets into four loft-style apartments, said Dan Carmody, president of the Downtown Improvement District. The organization dropped plans for two other lofts due to high costs. Renovation work, which is expected to cost about $125,000 for each loft, could start this summer, he said."

"The Harrison Square condominiums could serve another niche by providing higher-end, larger units. Enterline said she receives plenty of requests for three-bedroom units, but Midtowne Crossing only has one- and two-bedroom condos. Harrison Square could fill that void."

"Amenities being built in conjunction with Harrison Square will benefit all downtown residents, Davis said. Midtowne Crossing was intended to offer homes near downtown attractions, but few restaurants and shops sprouted as a result of the project. With the development of Harrison Square, Midtowne Crossing may realize its full potential, he said."

1 comments:

Scott Greider said...

It's amazing anyone ever doubted this!