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Sunday, January 06, 2008

Harrison condos defy national trend

It's simply amazing to watch what happens when you allow people to do what other people say can't be done. In this case, breathing life back into downtown Fort Wayne by following a vision that seemed beyond the capabilities of many. From the Journal Gazette:

Mike Brita, a Realtor with Martin Goldstine Knapke of Fort Wayne, is the leasing agent for The Harrison, the residential condominium component of the $120 million Harrison Square downtown revitalization project. He says reservations for the 62 condos have been moving briskly, despite price tags that start at $150,000 and a national condo market that has been in the doldrums for months.

“I have taken reservations from 25-year-old single people, 25-year-old married couples, to 75-year-old snowbirds who have a 4,000- or 5,000-square-foot home in Fort Wayne and a place in Florida and who say when they come in the summer they have too much to take care of for the time they’re here,” he says. “They want to lock the door and say, ‘I’ll see ya in the spring.’ ”

Unlike most other markets, where condo ownership has been on the decline due to excess inventory and lack of interest, interest in Fort Wayne remains high not only at The Harrison but in other downtown units as well. With all of the amenities that these units feature, residents would almost never need to leave home. I can't wait to see the rest of the pieces go into place. . .


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Blogger Vic DeMize said...

The $300k you're paying for a 3-bedroom condo would buy an awful lot of lawn maintenance for a real 3BR house in the $80 - 100k price range.

I always thought anyone who would buy an apartment was nuts anyway - I couldn't WAIT to get outta mine and into a real house!

title="comment permalink">January 06, 2008 10:08 PM  

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