http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/ Real estate, development, and life in Baltimore Maryland Sat, 06 Sep 2008 22:03:48 +0000 http://wordpress.org/?v=2.5.1 http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/#comment-32 Glen Tue, 03 Jul 2007 12:59:18 +0000 http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/#comment-32 Well - I was walked by there this weekend and spoke with the sales rep. Only two have been sold at this point. So I'm not sure there's a common profile yet. She mentioned there were some others showing interest but hadn't put money down yet. Obviously the profile is someone with a lot of money - and likely this being their primary residence. These are simply too big to be used as a second home or "city home" for the super rich. Luxury condos are much likelier candidates for that. I would guess it's pretty much the same person who bought the Harborview town-homes - which now resale for about the same price range. Some of these Harborview units end up being rented to executives or pro athletes - maybe the same will happen with Federal Place. You could also guess that it's some DC money coming into town - which they expected for the Ritz residences. But I read somewhere that in the end it was almost entirely Baltimore area people buying them. Well - I was walked by there this weekend and spoke with the sales rep. Only two have been sold at this point. So I’m not sure there’s a common profile yet. She mentioned there were some others showing interest but hadn’t put money down yet. Obviously the profile is someone with a lot of money - and likely this being their primary residence. These are simply too big to be used as a second home or “city home” for the super rich. Luxury condos are much likelier candidates for that. I would guess it’s pretty much the same person who bought the Harborview town-homes - which now resale for about the same price range. Some of these Harborview units end up being rented to executives or pro athletes - maybe the same will happen with Federal Place. You could also guess that it’s some DC money coming into town - which they expected for the Ritz residences. But I read somewhere that in the end it was almost entirely Baltimore area people buying them.

]]> http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/#comment-31 JW Tue, 03 Jul 2007 11:57:57 +0000 http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/#comment-31 I am curious - do you know what is the profile of the typical person who can afford these kinds of places? Or who is actually buying? I am curious - do you know what is the profile of the typical person who can afford these kinds of places? Or who is actually buying?

]]> http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/#comment-27 chrism Fri, 29 Jun 2007 13:14:16 +0000 http://www.baltimoregrows.com/2007/06/29/million-dollar-federall-hill-town-homes/#comment-27 Yup, these homes just add one more luxury community along Key Highwy. The Ritz, Harborview, Federal Place, Pier Homes - Key highway is quickly becoming one of the most affluent concentrations in all of Baltimore. Yup, these homes just add one more luxury community along Key Highwy. The Ritz, Harborview, Federal Place, Pier Homes - Key highway is quickly becoming one of the most affluent concentrations in all of Baltimore.

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