Nordic House - 729 Washington Av N

Downtown - North Loop - Mill District - Elliot Park - Loring Park
Posts: 6086
Joined: May 31st, 2012, 7:27 pm
Location: Standish-Ericsson

Re: Nordic House - 729 Washington Av N

Postby twincitizen » January 3rd, 2019, 1:03 pm

Silophant wrote:
January 3rd, 2019, 11:01 am
Ah, here's a link: Sable

Sounds like they're specifically trying to get people to buy them and Airbnb them out?
IMO sounds more like a marketing pitch to convince people to buy more condo than they can afford, rather than a specific push for Airbnb investors. Still a very interesting decision to sell, rather than rent these units. What’s changed in the market that would make United want to do that for this project specifically? I could easily see Sherman going condo with a building like Encore, which seems more suited to ownership than this particular project

Posts: 3618
Joined: June 20th, 2012, 4:33 pm
Location: The Gateway

Re: Nordic House - 729 Washington Av N

Postby Silophant » January 3rd, 2019, 1:48 pm

I'm assuming that it just never occurred to them to do condos until they ran some numbers for Gateway and realized the DT condo market is hilariously undersupplied.

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