Originally Posted by
3WC
Khorasauras: Why do you people keep implying VG's construction will be low quality? It will be conventional low rise, stick built, but very high quality based on the thousands of apartments they have built.. There are thousands of times more low-mid rise apartments built in this country than high rise buildings. Most of those projects have been around for decades and still have immense value. Go out and try to buy apartments as an investment today and see what the older projects are bringing, when owners want to sell, which is rare.
Did you see what Somerset Apartments in Troy sold for last year? 2200 low rise apartments [[2 story), the largest project in the state as I recall, for about $100,000/unit. I could be wrong, but check it out.