Belvedere Towers


UPDATE 4-11-09: The project's first phase is complete.

UPDATE 3-22-07: Belvedere Towers has the street blocked off and is ready to install the steel superstructure (stacked on the street) for the two floors of new penthouses on the shorter tower (probably beginning today).  According to the sales agent, they need to get the penthouse superstructure up, roofed and enclosed before they can begin closing on existing sales.  They have about 95 contracts (out of 176 small tower residences) and hope to begin closing relatively soon on floors 1-3.  They are offering some financing and closing cost incentives to try and sell out the rest of the lower floors.

UPDATE 9-28-06: The overall concept of this project has changed considerably since the project was first approved and the developer initially started to do simple "cosmetic" rehabs of the existing space. First it was the color scheme that changed, and then, after further consideration, they decided that a bare rehab did not fit THE AREA and THE BUYERS and elected to do a complete interior demo and then rebuild all the units from putting in new studs on out. All windows are also new. The rebuild is actually quite substantial. There will be three phases. 1) The small tower - which will begin closing on the lower units next spring and be pretty much sold out by year end 2007 - and will have two stories of penthouses added to the top. 2) The mid-rise section - which will have the mechanical equipment that currently sits on the roof removed and relocated and at least one story added to the buildings. All except the bottom floor will be residential composed of various type of lofts and innovative plans. Finally, there will be 12,000sf of retail on the ground floor tentatively consisting of an upscale restaurant, a deli and perhaps a small sundries store. (completion 2008). 3) The tall tower (completion estimated in 2009). Phase 1 consists of 177 units and the total project has 370. Phase 1 pricing is: $140-180K (depending upon the floor) for small 250 sf studios (with murphy beds included). Low 200's to high 300's for 1 and 2 bedroom units and about 650K for the 1200sf penthouses. Condo association fees range from 160-375 per month excluding electric and water. Given the wide price range of units available this could be quite a successful project.

UPDATE 6-20-06: From Seventies to Soho, the exterior of Belvedere Towers gets a makeover with a Soho color scheme that is similar to other buildings in the downtown area. I like it!

This project is well under way, and although you may not be able to tell when you drive buy from the outside of the former Sundowner Hotel/Casino, the inside is being completely gutted down to the frame and support work. These condos are designed to have a little less flash, and a bit more affordability than the Palladio or Riverwalk Towers. Perks will include rooftop pool/lounge area, fitness gym and lobby with Craftsman overtones. Prices will be from $120,000 to $375,000. Rumor has it the developer is REALLY trying to secure a grocery store for the bottom floor, but nothing has been secured yet.

Comments:

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Posted by: David - 11/1/2007 10:03:10 PM
What is going on with this project? Are people living in the small tower yet? When will construction begin on the big tower?

Posted by: Mike Van H - 11/1/2007 11:22:30 PM
The project is actively under construction....they haven't started on the big tower yet, I believe the next phase which they are finalizing plans for are the lofts. They are finishing construction on the 2 floors they added for the Penthouse levels, and I believe they have 3 or 4 floors of the smaller tower sold out.

Posted by: RenoSteve - 11/2/2007 3:19:29 AM
I think move in for the first 3 floors of the smaller tower will begin sometime in January and that construction of living units in the 4 or 5 story "connector building" between the two towers is slated for the spring after they finish the top of the small tower. They have apparently just listed the 1st floor retail space in that building with a broker but no definitive word on what type of retail they seek.

Posted by: RenoSteve - 11/2/2007 3:23:46 AM
I think they have now sold more than 100 of the 170 or so units in the smaller tower.

Posted by: Pat - 11/9/2007 4:29:30 PM
These units seem solid and the salesperson (anita) was professional and friendly. The space seems to be used well and priced for comparable product as the more economical choice. The main drawbacks I have is that the ceilings are low and no balcony both combine to make the sapce feel smaller than it is.

Posted by: David - 1/23/2009 8:56:33 PM
Any new updated on the Belvedere? I was downtown last night, and looks the same, except part of it is still burnt.

Posted by: Wiley_n_Reno - 11/14/2010 8:11:30 PM
hi Mike. Looks like they are now painting the tall building exterior that used to be the Sundowner.

Posted by: Anakin-Marc - 11/16/2010 12:29:47 AM
I noticed a few weeks back they had a crane on 4th Street doing repairs on the burnt portion of the tower. I was thinking maybe they were just fixing it up for a sale or something, but if they're doing further work, they might be starting redevelopment of the second tower, if not as condos or apartments, maybe at least as a hotel. Better than another Kings Inn, though.

Posted by: Jared - 12/12/2010 1:25:40 AM
Any word on the new paint job? Looks like it's almost completed - do they have plans for more renovations?

Posted by: David - 12/12/2010 2:08:36 PM
Yeah, the new paint job will be a huge improvement!

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