I recently visited both the Odeon and 170 Off Third. Both are completely different but I wanted to see what was available on the market. The Odeon only has 2 units left as of yesterday [3/9/07]. I am not considering it because of lack of parking.
Today was the official opening of 170 Off Thirds sales office. A sales rep told me they have been selling for 4 weeks now with 40% sold. I was given a hard hat tour. The prices were reasonable and the units were decent. There is deeded parking for every unit and the developers are working with the city to allow additional parking as a purchase option. The units seemed on the small side to me with 1 bedrooms ranging from 700-850 sqft and 2 bedrooms ranged from 900 – just over 1000 sqft. Prices were $795-835 per sqft depending on what floor the unit was on.
My only gripe with the complex was that the hallways were tiny. I am 5ft9 and was able to easily extend my arms to touch both sides of the wall in the hallway. The hallway ceilings were also lower than usual. There was a broker in my tour group and he looked 6ft 3 or so. He was able to reach up and touch the ceiling! It made me feel claustrophobic but over all and given the price range I will definitely give this building some consideration.
Keep in mind that 170 Off Third has only released a portion on their inventory (which includes 24 BMRs), so “40% sold” likely represents somewhere around 40 deposits on the 174 market rate condos. [See UPDATE below]
And we almost forgot, the opening paragraph of our reader’s email: “I just wanted to say great website. I read it everyday and it has been really helpful.” Our pleasure, thanks for “plugging in”, and don’t forget our invitation to the housewarming (wherever it may be).
UPDATE (3/14): We stand corrected. From another “plugged in” reader: “Originally a month ago they were releasing the building in 2 phases however the response was so good that they very shortly (like in week 2 of selling) switched tacts and released the entire building for sale and the prices have slightly increased $10-$15k on some of the hottest selling floor plans, from their original pre-release prices of a month ago.”
As such, “40% sold” likely represents closer to 55 (not 40) deposits on market rate units and 24 deposits on below market rate units (out of a total 198 condos). Thanks for the tip!
∙ The Kind Of Email We Love To Get (And An Odeon Question) [SocketSite]
∙ 170 Off Third (170 King/177 Townsend): Sales And Design Center [SocketSite]