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Thursday, May 22. 2008Gas and Wisconsin real estateNo one likes the way gas prices are going. But in a strangely positive way, this could become a selling point for homes that are well located near shops, schools, public transportation, major cities etc. Saving $300 or more a month on gas costs by buying closer to work and other conveniences may make the affordability of certain homes more doable for some buyers. While a postive for some, we realize it can be a negative for others. Just an observation sparked by The New York Times and Jim Duncan at Agent Genius Thursday, May 22. 2008Moderne project and luxury condo market still strong in MilwaukeeAn article in the May 16 Small Business Times magazine highlights 2 new condo projects that are selling very successfully. One of these is The Moderne, listed by First Weber Group. See the project page for these condos here.
The Moderne will be located at Juneau and Old World Third Street. On the market since December 1, the fact that eleven of the 81 units have been reserved, for a value of 8.5 million is impressive. Four of the reserved untis are priced at $1 million plus. The developer First Weber is working with, Rick Barrett of The Moderne LLC, said he recently increased prices of the units between $10,000 and $15,000 dollars. That is great to see! Construction could start as early as October if reservations continue at this pace. The other project is called The Residences at Hotel Palomar. Both projects are within walking distance to entertainment venues like the Marcus Center for the Performing Arts. |
