Skye Condos III - Moving Along

Owners/Friends,

It’s hard to see the tremendous amount of behind the scenes work and progress at Skye Condos III if you just drive by 188 S Logan. This was the same story for Skye I and II owners before they moved in...When we opened the doors to the public and people were able to actually "see" what they had previously envisioned before, they were delighted, told their friends and we sold the rest of the units in record time!!! I am expecting the same for Skye III and those savvy buyers who are "in early" and benefit from pre-construction pricing, choices of the exactly what they want in the building and all that excitement in the anticipation if their new homes at Skye III near Washing Park!

You're smart and you know it!!!

The Market

Since 1996, the increase in prices for condos in metro Denver has exceeded that of single-family homes: 101.1 percent versus 92.4 percent, according to an analysis of condo- and home-sale data by The Denver Post. Additionally, condo-price growth has surpassed house-price growth in five of the past nine years.

The demand for condominiums has increased as land becomes scarce and property values rise, and developers are looking for ways to make their buildings stand out in the urban residential market. As developers, Commercial Equity either could continue suburban sprawl or focus on more intense urban development. Eventually, you run out of land and freeway lanes.

In recent decades, urban condo design has largely tended to be more sedate and less imaginative than commercial office buildings and cultural institutions. Developers of residential buildings have often gone with designs that were more economical to build, especially as urban residents continued to migrate to the suburbs.

Skye Condos Formula for Success

The formula for Skye Condos success is: Great design, location and affordability. Many other developments in a similar price range are unexciting, dull or just old. By dramatically improving the exterior design of our buildings, Skye Condos significantly increases curb appeal, pride of ownership and increased value at resale. Skye Condos’ design differentiates the developments form other slower selling condos that sit vacant after completion unsold in some cases for years.

At Skye Condos II nearly 75 percent of the units were sold before construction began based on the success of Skye Condos I in the same neighborhood – Capitol Hill. We expect buyers to benefit from the profit of appreciation and equity gained at resale in such highly desirable areas as Capitol Hill and Washington Park. Distinctive design, location and low initial purchase price combined with high quality work are a great prescription for our buyer’s success.

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Thanks for reading and enjoy the satisfaction knowing who have a wonderful place to live that makes great financial sense!

Here are the latest construction details:

Skye III: 10/3 – 10/7

Last week’s progress:

1. Electricians are near completion with panel installation
2. Construction of half walls in kitchens has begun – this is big excitement. A great addition to our original design!
3. Received floor plans from Canac – our cabinet manufacturer: http://www.canackitchens.com
4. Received updated plans from Architect – Nick Antonopoulos of Praxis Design
5. Began cutting drywall to move radiators
6. Sauna planning

This week’s progress:

1. Submitted architectural and structural plans to city
2. Completed greenboard and fastening pipes for bathrooms
3. Wire feed completed for track lighting
4. Ordered AC units
5. Scheduled time to with artists for floor in front and back entrances
6. Ordered new mailboxes
7. Prepared boiler room out
8. Started electrical for balconies
9. Reviewed final copy of condo maps for city (made sure parking is called out)
10. Frame half walls in kitchens (2x6) – front stack kitchens need to be revamped
11. Complete demo of studs in kitchens
12. Complete removal of drywall for electricians
13. Removed two unit laundry doors and frames 305 & 306
14. Remove doors and frames for units 303 & 304
15. Cut holes in kitchens for windows – engineering plus – more open feeling!
16. Complete relocation of radiators
17. Removed drywall and furring strips before stone cutter opens concrete for balconies