Thanks for posting that 1420 West Front project.
Realtor: "Site and Building are Adaptable to Many Uses: Retail/Flex, Restaurant/Brew Pub, Nightclub or Event/Performing Arts Center"
Developer/buyer: It's a tear down. "The project repurposes an old dilapidated warehouse on the corner of 15th Street and Front Street."
Synopsis: We don't know what the actual selling price was but the asking price was $51/sqft, or about $2,230,000 per acre. Wow.
It appears the total sq footage of living space will be 17,600sf. Land cost $600k, construction cost 3,520,000 at $200/sqft estimate, totaling over $4,000,000 for 8 units. So, um, $500,000+ per unit ($232sf not including profit) to live right next to the Connector and Skate Park? Yeah, wow.
Last edited by boisecynic; Jul 21, 2017 at 8:36 PM.
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