October 21, 2008 2:07 PM
The good news is that $295,00 condos ARE low priced enough to qualify as workforce housing! I don’t think that was what Pulido and Bisno had in mind. I also don’t think that working families are going to dig the overpriced yogurt at Pink Berry, or the tofu at the still not opened City Place Mother’s Market.
Mothers is opening on Sat.
anon Says: October 23rd, 2008 at 10:44 am
Radio spots have been announcing this great auction in Santa Ana. Hope Mother’s survives.
Keoniana Says: October 23rd, 2008 at 10:51 am
Talking about a ‘can you hook a brother up’ scheme with these condos? That’s what Bisno gets for dealing with such a pathetic bunch of supposed civic leaders…
These condos were doomed even before construction started. If you kept track of how long it took for these condos to be constructed from start to finish, the writing was GLARING on those walls that there would be a problem in selling these suffocating boxes they call ‘condos’.
Even though there is a pretty significant reduction in price for these cracker boxes..the average working class resident of SA still cannot afford to purchase one due to the economic conditions currently sidetracking us all….
CQT96 Says: October 23rd, 2008 at 1:39 pm
What kind of idiot wrote that flyer up above? “Previous price” has nothing to do with current market value!
It doesn’t say what the association dues are either. I bet they are quite high too which reduces these units affordability.
After carefully considering all factors. I believe the lowest price unit in this disaster is only worth $137,000. It is more that I sold my 2B/2B unit at the Redwoods. That is how much I am willing to bid and pay on one of these low end units. I can go as high as $219,000 on the high end ones.Yes, those are my final offers!
BTW, what is the supposed draw to live at this complex? Looks to be just another failed attempt at “urban” living just like the units at 4th & French as was the case at Flower and First. Don’t these clowns ever learn?
These things have always confused me. Is everyone who owns one supposed to live and work there? Or are most of them just supposed to be businesses? Who would want to live next door to something like, for example, the Harvey’s purse store? If they sell them for $100,000, I might bite though.
Danielle T. Says: October 23rd, 2008 at 2:17 pm
anon teacher..I would LOVE to live by Harveys.They have great bags.
HAHA..not the point I know but still fun.
Ben Says: October 23rd, 2008 at 10:40 pm
They have 2 tiny condos with a minimum reserve of $295,000, all the decent units are a minimum reserve of $405,000 - $495,000. Minimum bids that high says to me; this is not a real auction, but a marketing technique. Unfortunately $495,000 is still overpriced. The previous $750,000 was insane. I’m be interested in seeing if anybody actually shows up to this “auction.”
The assosiation dues are $160.00 to $220.00 an month.
F&E Fan Says: October 23rd, 2008 at 11:31 pm
“what’s the point of the second FULL bath?”
I agree. There isn’t a point. The bathroom on the bottom floor (where your business is suppose to go) is HUGE. It’s about the size of the retail space. It also has a GIANT stand-alone shower. Why? Complete waste of sq footage. I have noticed some of the buyers of these units (very few) ripping out this bathroom on the bottom floor, which is exactly what I would do.