1st Alpine Unit Sold

Whew. After sometime on the market, Bill Allen sold and closed on one of the three - 1.5 million dollar - units that he and partner Natalie Baumgartner built at 1316, 1318 and 1320 Alpine. Bill said that he started working on this project some 2 years ago. The concept was to produce a comfortably modern upscale townhouse project in the North Boulder area close to the Pearl Street Mall. The units are built Green Featuring high quality low maintenance, energy efficient design and naturally sustainable products and resources.

The "Terrace" project is located diagonally across from Ideal Market, now Whole Foods. Bill said, "the market for high end luxury residences changed and softened between the design stage and the time we brought them to market. We often hear from interested buyers that they are sitting on the fence, uncomfortable with the state of the economy, they are reluctant to commit preferring to 'wait and see how everything shakes out'."

This was a second home for the buyers and was a cash transaction. They looked at a lot of properties, thought about it for a long time, and were quite demanding through out the buying process.

Bill is optimistic that having someone living there in the middle unit will create the energy needed to drive the project. The project had been listed for over 5 months and hand only about 12 agent showings, but commonly draws over 20 groups of people to Sunday open houses.