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The Next Big Thing: Urban Condo Conversions

Posted by: Brenda Meyer
Thanks to: Brenda Meyer
15 May 2005 - 10:00am

Raleigh-area apartment complex capitalizes on a growing national condo building trend.

As speculated in The Next Big Thing four weeks ago, the apartment-to-condo conversion craze is spreading to South End.

...Olmsted Park, which opened in 1991, is expected to appeal to young professionals. It has a pool, clubhouse and "winter" views of the uptown skyline after the leaves fall.

...Apartments close to the center city are prime candidates for conversion, because owners can capitalize quickly on the growing popularity of urban living."

Full Story: Olmsted in South End joins craze for condos
Source: The Charlotte Observer, May 12, 2005
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These practices are also inequitable since they force non-drivers to subsidize parking costs, reduce travel options for non-drivers, and reduce housing affordability.
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