Yesterday I spent some time at the new Cosmopolitan sales showroom. I am even more excited about this project then I was before! Speaking with the developers sales manager, she shared with me that they have 32 of the units sold. This out of a total of 150 units available. What is selling so far? So far the most popular corner of the building in the NE side which is the 17 stack. Currently most of the units from 917 to 1817 have been sold with a price range of $783,000 to $918,000. These units are 2 bedroom with 1350 square feet of living space and offer stunning views to the North and to the East. At the 19th floor the square footage jumps to 1,668 in the 17 stack. Prices here begin at $1,334,500 and climb to $1,584,000 on the 25th floor. Also popular are units in the SE corner of the building with fantastic views to the East and also the city lights to the South. While highly desirable, they also come with about a 15% premium to the NE units. These 2 bedroom +Den condos have also been popular with 6 of these units selling on floors 1515 to 1915 as well as 2115 and 2215. Square footage runs from 1528 to 1773 once you get above the 19th floor. Prices here are going to run you about $1,008,500 for #1515, to $1,684,500 for unit 2215. All in all, it has been a pretty good start for the developer but they still have a long way to go to sell out this building before it’s June of 2016 move in target date!
So what about all those buyer’s that don’t have close to a million to spend? Well there are plenty of options! The lowest priced unit starts at $392,500 for a 1 bedroom unit on the Garden level with 713 square feet. There will be many 1 bedroom units available with square footage from 710 to 932 and then you will have 1 bedroom + den options as well going up to 1262 square feet.
So what do I like and dislike about the building? Let’s start with what I like. The building amenities at the Cosmopolitan are going to be very nice and similar to those that we have seen at The Metropolitan. The level four common areas will be very nice with indoor common spaces that include a workout room and a community room with a fireplace and wine bar. Also on level 4 will be a fantastic outdoor terrace with fireplace and nice landscaping and 3 overnight rental guest suites. Another thing I really like as a Realtor is having a park to the north of the building as well as one to the south. The value of not being able to build directly across from a unit is very high in my opinion and can justify a little higher price.
What do I dislike about the Cosmopolitan? Not much! While the modern European styling of the Pedini Italian cabinets are very nice, some might prefer a little more traditional. Small thing though. Also, a year ago they had an event to ask agents what they thought was needed for the building. On my comment card I said buyers would LOVE a dog “Potty” area somewhere on the level 4 outdoor area so that so that buyers would not have to run their pets down to street level late at night. That hasn’t happened …yet. Come on Hoyt, you can still do it!
My goal is to become the most knowledgable “Go To” Realtor for the Cosmopolitan! You may have many questions such as: “Will I get a discount if I work directly with the developers agents?” The answer is NO! Will the developer make more money if you go direct? Yes. Representation is important. And while the salespeople that work for the developer are nice people, you still want someone on your side fighting for your best interest… and I would like to be that person for you!
Feel free to give me a call anytime at 503-896-8856 or send me an email to firstname.lastname@example.org or CLICK HERE to get information on the Cosmopolitan or any other condo in Portland. Remember…It pays to work with a specialist!