October 15, 2007
Arterra (300 Berry) Update: 40% Pre-Sold?
A year ago it was a plugged-in tipster that reported Arterra was ~19% pre-sold (with around 50 of 269 condos in contract). And this past Friday it’s the Business Times that notes: “Arterra is 40 percent pre-sold and expects to sell 75 percent by the official opening [in spring 2008].”
If accurate, this would suggest net new contracts of around 60 units over the past year (with close to 160 to go), and would require roughly 100 new contracts over the next six months to meet the developer's expectations.
∙ Arterra Update: 19% Pre-Sold? [SocketSite]
∙ Mission Bay residential boom makes itself at home [Business Times]
First Published: October 15, 2007 3:15 AM
Comments from "Plugged In" Readers
Yup. 40% is right. I stopped by the sales office on Sat. just for kicks and they mentioned the 40% sold. They're offerring 2 years free HOA as an incentive. Some floorplans have a little over 8 foot ceiling. Isn't that a little low?
Posted by: loudnclear at October 15, 2007 8:34 AM
I guess it all depends on what type of thinking you plan on doing in the space
Posted by: badlydrawnbear at October 15, 2007 8:51 AM
Great article badlydrawnbear...
I wonder what type of ceiling would be better in the bedroom?
"It was found that, in general, people focused more on specifics when the ceiling was eight feet high and more on the abstract when the ceiling was ten feet high. One of the authors of the study, Joan Meyers-Levy, suggested that this has great implications. She suggested that, perhaps, managers would want higher ceilings to think of new, broad initiatives while technicians and engineers might want lower ceilings to help them focus on details."
Posted by: pixiedust at October 15, 2007 12:17 PM
yes that's correct - actually 41% as of 10/15/07.
Posted by: Mark Choey at October 15, 2007 11:16 PM
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