A year ago it was a plugged-in tipster that reported Arterra was ~19% pre-sold (with around 50 of 269 condos in contract). And this past Friday it’s the Business Times that notes: “Arterra is 40 percent pre-sold and expects to sell 75 percent by the official opening [in spring 2008].”
If accurate, this would suggest net new contracts of around 60 units over the past year (with close to 160 to go), and would require roughly 100 new contracts over the next six months to meet the developer’s expectations.
∙ Arterra Update: 19% Pre-Sold? [SocketSite]
∙ Mission Bay residential boom makes itself at home [Business Times]
Yup. 40% is right. I stopped by the sales office on Sat. just for kicks and they mentioned the 40% sold. They’re offerring 2 years free HOA as an incentive. Some floorplans have a little over 8 foot ceiling. Isn’t that a little low?
I guess it all depends on what type of thinking you plan on doing in the space
Great article badlydrawnbear…
I wonder what type of ceiling would be better in the bedroom?
“It was found that, in general, people focused more on specifics when the ceiling was eight feet high and more on the abstract when the ceiling was ten feet high. One of the authors of the study, Joan Meyers-Levy, suggested that this has great implications. She suggested that, perhaps, managers would want higher ceilings to think of new, broad initiatives while technicians and engineers might want lower ceilings to help them focus on details.”
yes that’s correct – actually 41% as of 10/15/07.