Nashville Tennessee Condos
The image of the condo has changed dramatically over the past 5 years in Nashville and the surrounding areas. Once condos were seen as a poor substitute to a single family home. Today the price per square foot and penthouse condos can achive values that are out of the reach of most people. Penthouse condos over $5,000,000 are now available in the Nashville condo market....and they are selling!
Trends
With the advent of the desire of the younger "hip and cool generation", as well as the affluent baby boomers, the desire for buyers to live and work in the city has become an established trend.
London and the rebirth of DownTown
In London, England in the early 1980's, areas that were once seen as derelict and not at all desirable, were transformed and areas like the Docklands invigorated the real estate market and the new urban chic was in.
The Gulch area of Nashville
Nashville is going through some very similar growth characteristics. Other major metropolitan areas such as Chicago, Atlanta, and Dallas have a much higher concentration of urban home owners living in the core of the downtown area.
The first to recognise that Nashville was not providing the opportunity for buyers to live and work downtown was Tony Giantantarra. His vision of a new downtown resident community led to the development of a number of small downtown projects that has created a boom in the number of downtown developments.
The Signature Tower
The Signature Tower is perhaps the most ambitious of all of the developments and has focused on the wealthy and successful baby boomers that have a "place" in the suburbs that can be described as the "family" home.
Now that some of the kids have left and the parents have the ability and resources to indulge in more of the cultural activities offered by the services downtown, the thought of actually living there as well is becoming more and more popular.
The buyers of the condos in the Signature Tower are looking for quality and convenience. They are used to the high end fixtures and fittings found in their suburban homes and will not settle for any less in the downtown condos.
Having the facilities of a full service boutique hotel at the residents disposal add a whole new level of interest to the Signature Tower.
The Gulch and The SoBro Areas
The young and trendy are also being catered to in areas like SoBro just off Broadway in downtown Nashville and the Gulch area. Developments like the Icon, the Terrazo and Velocity are appealing to the upwardly mobile downtown professionals known as the Dow-Tow-Pro's
The DTP's have a disposable income and don't want to travel far from home to spend it. This has resulted in the creation of urban destinations such as the Gulch where all sorts of entertainment and culture can be found with a stones throw of the new condo developments. Work is only 5 minutes commute as is some of the coolest, hippest, trendy restaurants and nightlife offered by the city of Nashville.
The desire to emmulate the lifestyles of the LA crownd and NYC has been seen by many through the TV shows like Sex in the City and Entourage and now the young and trendy in Nashville have there own fashionably cool residential district...The Gulch and The SoBro areas of downtown Nashville.
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