FunLife64

FunLife64 t1_j0x6ykr wrote

Mare has an older crowd. You’ll realize that there’s a plastic surgery market in PVD.

Mare is “fancier” but neither has amazing food (typical for a venue that attracts for the ambience).

11

FunLife64 t1_j0dvobg wrote

It’s not typical for apartments to go from 0-full in a very short period - people are in 12+ month leases elsewhere. Also, they have lease turnover constantly. It’s not to say 10 open units have been sitting there empty since it opened. It could be 10 units that are coming up on an open lease but aren’t open right now.

Plus, you can buy condos for the same price as a mortgage - hence the high demand in those other buildings.

Like it or not, there’s demand.

1

FunLife64 t1_izuqgs1 wrote

Housing prices in a city or state will not change based on a small number of projects (most of what’s been built recently downtown are 4-5 story buildings too, small).

The housing availability downtown was already bad, so they are simply fill in already existing pent up demand (which is why these newer buildings are filling quickly).

This is a much larger project in terms of volume, but the years and years of resistance isn’t helping. This project won’t be done for a while, so not gonna affect any prices now.

Also, the coined “luxury high end” is simply not true - it’s all marketed that way. As someone who’s lived in major cities, they aren’t that fancy.

They are, however, apartments in a desirable downtown area in a city. Those will never be “cheap”. People on here seem to think living in the heart of downtown in a new apartment should cost $1200/month. That’s not really how real estate works.

PVD needs bigger residential projects in other areas of the city.

1

FunLife64 t1_izct31v wrote

You clearly don’t know the market. Waterplace and the Omni residences have incredible demand. The Nightingale opened less than 2 years ago and is one of the more expensive apt buildings (one bedrooms are min $2300). It has 9-10 open units in a 150 unit building.

For someone who seems to be so snarky about living downtown, not sure how this negatively affects you so much.

Oh, pretty sure rivers are water.

0

FunLife64 t1_izbu2ey wrote

Would you rather there be no housing built? Or a 3 story apartment building? That’ll show em.

There’s a shortage of inventory across the entire housing sector. Which is why most of those buildings downtown are full. There’s not enough inventory.

It’s waterfront and downtown - nowhere in the world is that where cheap apartments get built.

0

FunLife64 t1_izav4yb wrote

And there isn’t demand according to who?

The condos that go up for sale in the Omni and Waterplace are sold almost immediately. The apartments built downtown fill up rather quickly.

Also, companies don’t often relocate places where there is a lack of housing stock. Considering the Jewelry District is hoping to attract research jobs, a big ole apt building is actually a great thing.

1

FunLife64 t1_iykig1y wrote

Reply to comment by jbs918 in Feb 2023 Move by execdad

No offense but cat calling a random stranger walking by is not the smartest move. And can be perceived as sexual harassment.

11

FunLife64 t1_iyji606 wrote

Reply to Feb 2023 Move by execdad

Basically the roughest areas in Rhode Island and interactions with gays would be like encountering Roland Schitt.

11

FunLife64 t1_iyeax4t wrote

Farmers Daughter is well priced for the quality/size of plants they have - but it’s more expensive. For a Xmas tree for under 30 days, that’s probably not as big of a deal - you can probably find cheaper at some of the other garden centers in S County (there’s the rose place just north of FD and a garden center just south of FD for example).

1