Quote:
Originally Posted by kornbread
Most Vidorra condos up for auction bought
...and Vidorra's developer 
The good news: there is interest. The bad news: the amount to build exceeds willing to pay.
I kind of worry about the overbuilding of apartments, the lack of people actually putting roots down, and the long term development of downtown neighborhoods.
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Well the income level to support expensive condo purchases still isn't there.
But why the concern about over supply? The apartments seem to be getting leased out pretty quickly and there's not a large glut of projects in development from what I see. The 1800 just opened, Mosiac & Tobin deliver later this year, and the only big projects that look to be opening next year are Big Tex and River House. That seems well staggered to me, but then again I'm not a leasing specialist.
There was an interview with the developers of 1010 S. Flores and they expected to be fully leased by summer and I hear the Peanut Factory Lofts expect the same thing when they open next year. So I'm going to stay optimistic on that front.
As for putting down roots, are you seeing a lot of transient activity by the new apartment residents?