Floating Condo coming to a river near you
July 2, 2011
We’ve all heard of a houseboat but can you imagine a 600 foot long condoboat? Developers in TN plan to build a boat that will house 180 condos, a grocery store, golf course, and more. This unique approach to the housing market will be able to dock in cities like Chattanooga and Pittsburgh. There are three different ownership plans so interested Buyers can own a unit for a couple of months at a time or live on board year round.
More information can be found here: http://abcnews.go.com/Business/video/floating-condo-coming-river-13958202
Downtown: Apartments surge, condo market fades
July 2, 2011
More than 500 apartments are planned for Downtown Pittsburgh over the next couple of years. Thanks to a credit crunch, most developers have switched their focus away from condominiums and are hoping there is a market for luxury rentals. Fortunately, the Downtown Pittsburgh condo market was strong before the national lending crisis and Pittsburgh still has some successful projects, such as the Otto Milk building in the Strip and several smaller projects along Penn Ave. Some developers are focusing on more “middle class” condos, where units will start at $150,000 and up.
Read the full story at: http://www.post-gazette.com/pg/11177/1156381-53.stm