Comments on: The Tucker, One Year Ago http://dtraleigh.com/2010/01/the-tucker-one-year-ago/ A Downtown Raleigh Blog Wed, 08 Feb 2012 15:32:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: 712 Resident http://dtraleigh.com/2010/01/the-tucker-one-year-ago/#comment-3228 712 Resident Tue, 19 Jan 2010 08:24:37 +0000 http://dtraleigh.com/?p=1684#comment-3228 I live here and like it .. I guess it's a bit pricey compared to outside of town, but I justified it because it's the only luxury apartment complex in walking distance to Raleigh bars and restaurants, and the rates are comparable to living in downtown Charlotte or Atlanta. As far as occupancy is concerned, I don't have numbers, but every unit on my floor is occupied. The first tenants are receiving their renewal contracts with a 10% rent increase, which suggests that occupancy is high. I live here and like it .. I guess it’s a bit pricey compared to outside of town, but I justified it because it’s the only luxury apartment complex in walking distance to Raleigh bars and restaurants, and the rates are comparable to living in downtown Charlotte or Atlanta. As far as occupancy is concerned, I don’t have numbers, but every unit on my floor is occupied. The first tenants are receiving their renewal contracts with a 10% rent increase, which suggests that occupancy is high.

]]> By: Dave http://dtraleigh.com/2010/01/the-tucker-one-year-ago/#comment-3218 Dave Thu, 14 Jan 2010 16:21:48 +0000 http://dtraleigh.com/?p=1684#comment-3218 From my understanding, the project has been very successful. The majority of the units were pre-leased before they even finished construction. I think they only have a few units available now that the final phase has been completed. My guess is 90-95% occupied??? I would say the transition from condos (as it was originally planned) to apartments was the smartest move in recent downtown development. From my understanding, the project has been very successful. The majority of the units were pre-leased before they even finished construction. I think they only have a few units available now that the final phase has been completed. My guess is 90-95% occupied???

I would say the transition from condos (as it was originally planned) to apartments was the smartest move in recent downtown development.

]]> By: Ernest http://dtraleigh.com/2010/01/the-tucker-one-year-ago/#comment-3217 Ernest Thu, 14 Jan 2010 16:16:29 +0000 http://dtraleigh.com/?p=1684#comment-3217 I agree, their rents are high, but I guess they compare them to making mortgage payments on a condo, or even a house. Plus, they provide parking, which is VERY expensive when we talk about parking decks. Still, I wish someone really understood the massive potential of affordable rental units. Maybe some day... I agree, their rents are high, but I guess they compare them to making mortgage payments on a condo, or even a house. Plus, they provide parking, which is VERY expensive when we talk about parking decks. Still, I wish someone really understood the massive potential of affordable rental units. Maybe some day…

]]> By: Ken Metzger http://dtraleigh.com/2010/01/the-tucker-one-year-ago/#comment-3216 Ken Metzger Thu, 14 Jan 2010 14:29:13 +0000 http://dtraleigh.com/?p=1684#comment-3216 Sounds pretty high to me Sounds pretty high to me

]]> By: RaleighRob http://dtraleigh.com/2010/01/the-tucker-one-year-ago/#comment-3215 RaleighRob Thu, 14 Jan 2010 13:43:03 +0000 http://dtraleigh.com/?p=1684#comment-3215 I agree it was great infill for downtown. And it was great for someone to build an apartment building downtown instead of a condo (for once!). But... If they are full, I'll eat my hat! :-P Seriously, 4-digit rents for a one-bedroom apartment (according to their website) in the middle of a recession? Are they high??? I agree it was great infill for downtown. And it was great for someone to build an apartment building downtown instead of a condo (for once!). But…

If they are full, I’ll eat my hat! :-P Seriously, 4-digit rents for a one-bedroom apartment (according to their website) in the middle of a recession? Are they high???

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