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"As a first-time homebuyer, I was nervous about the entire process. Step by step, Joe made it easy and fun. His expertise in the Columbus real estate market is a tremendous asset. He is highly recommended!" - Nicolette Horan, March 08
"I wanted to say thank you again, so much, for all your hard work. I know that you really put a lot of time into this transaction and I really, really appreciate it. I'm so happy I got the house and it all worked out and I just wanted to say thanks again, you did a great job and i really appreciate it. I will put that on the survey when they send it to me.
If there is ever anything I can do for you, please don't hesitate to give me a call. I will refer every single person I know to you. I'm going to go get my dog and we're going to sit on the floor of our new house and have a glass of champaign. Thanks a lot Joe" -- Michael Mamp, Feb 08
Is Miranova Dead?
October 19th, 2007 categories: Condos & Lofts, Downtown
The last couple days I’ve heard a radio advertisement that advertised Miranova and mentioned that there were a handful of homes available for sale at the moment. It made me wonder how the public would perceive the ad. Would it be thought of as just a reminder of the luxurious high rise condo building that anchors the South end of Downtown Columbus or a desperate cry for help from a once glorious and now seemingly irrelevant pricey box?
Having attended the Bexley Gateway coming out party last night, pricey, luxury condos were on my mind anyway. Truth be told, I happen to love Miranova. In 2001, when people were buying into theses downtown condos, most of Columbus’ downtown condos currently on the market were but a gleam in their developer’s eyes. Miranova is, and has always been, first class. Not inexpensive by any means, but I always felt they pulled out all the stops with their 24 hour concierge, valets, car washes, refrigerated spot to put perishable mail items, great common rooms, views, storage, a signature restaurant on site and a guest suite.
You don’t get those amenities just anywhere. You’re also not paying $6,725/year in taxes for a one bedroom plus $757/month in condo fees just anywhere—granted, it’s a 1471 sq ft one bedroom with a 24 foot deck facing downtown Columbus. Luxury isn’t cheap. So back to the basic question: In this time of condos, condos, everywhere and more being built, auctioned, and reduced, can Miranova survive and prosper?
There are currently 18 units for sale in the building. Excluding units that are 2700 sq ft and larger, they have an average of 1900 sq ft and are listed at about $286/sq ft. They have a garage space per bedroom too and they’ve been on the market an average of 165 days. Realistically though, many of them have been on the market much longer, some for years now all told, especially the giant, upper level units.
Because of all the newer condo units being built in downtown Columbus, and because many of them can be had for less and could be considered better placed within downtown and because we’re not yet sure if the North Bank Condos could swiftly replace Miranova as the downtown residential high rise of choice yet, I think Miranova will continue to struggle in this market and for the foreseeable future. I think it may remain popular among older Columbus Names, among those here for a few years from out of town, and among executives at the highest levels and perhaps young people with old money, but you won’t be able to watch a ball game from your balcony.
New River South development and the new Franklin County Courthouse will help the situation, so will a bigger better, more powerful than before City Center Mall resolution.
David
October 21st, 2007
As beautiful as the complex may be, Miranova is unfortunately an island unto itself and will never be a part of true downtown living.
The 24 hour concierge, valets, car washes, refrigerated spot to put perishable mail items, great common rooms, views, storage, a signature restaurant on site and a guest suite may be pie-in-the-sky amenities that “ex-CEO-empty-nesters-who-dont-necessarily-want-the-true-urban-experience” want, but reality is that there are more of us “common-folk” who just want a walkable, sustainable, urban community without the unnecessary grandiose.
Just my $.02…
Columbus Real Estate Notes » Downtown Columbus Condos for sale/sold - November
December 10th, 2007
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