Roe Building : Dramatic Price Update
December 26th, 2007 Categories: Real Estate News, Roe Building
Tell me, when else will you be able to own YOUR piece of downtown Davis?
As the Roe building approaches completion - just one month away - developers Chuck Roe and Mark Rutheiser have adjusted the pricing in response to customer requests and market demands. “We want to sell 5 units before March” remarked Chuck Roe, “And we have dramatically dropped unit prices by as much as $80,000 to make it happen.” New pricing is as follows:
Unit 201 - $529,900
Unit 202 - sold
Units 203, 203, 205, 206 - $419,900
Unit 207 - $459,900
Unit 208 - $449,900
It’s rare, folks. Pricing in the core area over the past 3 years has averaged $494 per sq/ft. The new prices for the Roe building put ownership in the inner core area of Davis at just $388 sq ft on average.
Based on the challenge of getting building permits for variant projects in Davis, double-digit increases in building costs, and a rapidly changing landscape in the loan market, I speculate that it may be some time before an opportunity to own your piece of downtown becomes available again.
Stay tuned here to get details about our grand opening party! If you have questions or are interested in having a tour of the Roe Building, contact Kim at 530.574.0563 or Jamie at 530.574.0596.
