When will The Plaza units bottom out and at what price level?

[awgee_IHB]

Graph - What is wrong with you? The bottom is in at The Plaza. Someone told me that a realtor said so.

 

[no_vaseline_IHB]

Graph - What is wrong with you? The bottom is in at The Plaza. Someone told me that a realtor said so.

I heard that the REO properties stuck in the foreclosure pipeline were a myth and you should buy buy buy before they the existing properties are all gone since they aren't making anymore.

 

[Joe33_IHB]

Graph - What is wrong with you? The bottom is in at The Plaza. Someone told me that a realtor said so.

I heard that the REO properties stuck in the foreclosure pipeline were a myth and you should buy buy buy before they the existing properties are all gone since they aren't making anymore.

One part of that is definitely true - they won't be making anymore high rise residential buildings in OC for a long time.

 

[MojoJD_IHB]

There is a convenient store connected to the Plaza Irvine building. There is also Fukada Japanese food and a Phans 55, asian fusion restaurant. Both restaurant is right in front of both towers. And they all deliver right to your unit, Urban Ranch Market will deliver toilet paper to your front door, too.

Mother's market, Ruth Chris down the road. Daily Grill and Melting Pot is across the street. A lot of people walk to John Wayne and if they don't, the cab fare is less than ten dollars. The courtouse is also a block down the street. UCI is a mile away.

Living in a highrise is great if want privacy, but it is also great if you want to be social. Its really up to the individual. As for Scott Boras, if he lives at the Plaza Irvine, then he's doing a good job being private. Tawny Kitean has a unit at the Plaza-Irvine, but never moved in. She does have other properties in OC.

The court house down the street handles traffic, minor offenses, limited civil and small claims. Not the kind of business an attorney could make money off of and afford a condo there. This factor = IRRELEVANT.

 

[asianinvasian_IHB]

5 units sold in 1 week

http://irvinehomes.freedomblogging.com/2009/08/28/new-tower-owner-quickly-sells-5-condos/

 

[dcoffield_IHB]

5 units sold in 1 week

Open for 11 months, only sold 50 to date. Averaged 4-5 units sold a month. Seems unlikely unless there have been some serious price concessions.

 

[graphrix_IHB]

5 units sold in 1 week

What did they sell for? Oh nevermind... you never provide the actual data anyway, so once it has been recorded we will update this thread when it does. But thanks for your spin. You are getting better at it every single day.

 

[irvine_home_owner_IHB]

I read this morning it got bought by a minority owner:

http://lansner.freedomblogging.com/2009/08/28/irvine-condo-tower-saved-from-foreclosure/34917/

AZDave to the rescue!

 

[graphrix_IHB]

Geoffrey H. Edmunds acquires 100% ownership in 3000 The Plaza

2 BEDROOMS NOW STARTING AT $599,500!!!!

http://i28.tinypic.com/a3oz2c.jpg

Act Now for incredible reduced pricing with discounts up to $200,000!!!

At 3000 The Plaza, we are 60-percent sold out with some terrific locations still available. We have already sold 5 homes in the first week of new ownership!

Unfortunately, recent news stories about the Opus West bankruptcy have included some inaccurate information. We wanted to set the record straight and share some exciting news about the future.

We are elated to announce that Geoffrey H. Edmunds & Associates recently completed the purchase of Opus West’s interest in 3000 The Plaza. The community is now 100-percent under Edmund’s supervision and control. As you may already know, Edmunds was deeply involved in the development partnership since the beginning, so it was a natural fit for the company to step in and take over the partnership.

Edmunds intends on seeing the community to full completion and finalize the sale of the remaining individual homes to future home buyers at 3000 The Plaza.

Sales are continuing as normal and we are once again offering some outstanding financing packages. We invite you to visit the sales center and would be happy to answer any remaining questions - and then have our team help you find the home of your dreams in the carefree lifestyle offered at Orange County’s first high-rise condominium project with a rooftop pool.