Luxury, really?

What ever happened to regular old apartments? Now everything is luxury. 

What ever happened to regular old apartments? Now everything is luxury. 

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Steve
Steve
10 years ago

They just added the name Luxury to the same crappy apartment. Some places you are lucky if you get them to clean up after the last tennant.

Carter Snipes
Carter Snipes
10 years ago

Because so many people have opted out of buying During the recession, developers and lenders in the region turned sharply into apartment development. The average rent in Richmond went from roughly $.80/ sq ft before the housing bust to around $1.10/ sq ft. Most new developments have smaller, highly amentized units that are yielding even higher price per square foot. The tail wags the dog as they say.

Kimberly Anderson
Kimberly Anderson
10 years ago

And it seems like most of the new apartments are cheap stick-built buildings put up by swarms of Mexican laborers. Does anyone check to make sure they’re paid at least minimum wage? These patriotic developers should think about the damage they’re continuing to do to our economy.

Charles Woodson
Charles Woodson
10 years ago

generally nowadays when a developer builds apartments. they endeavor to build as densely as possible, often necessitating a special use permit within the city limits. In order to placate communities, planning commissions and city councils, they call their apartments “luxury”. As in “Nope. these arent your run of the mill apartments, these are LUXURY apartments and though overly dense, it will improve you neighborhood”. It’s all a crock…

Bruce Milam
Bruce Milam
10 years ago

The apartments that are being built today have granite countertops, stainless steel appliances and fixtures, hardwood floors and ceramic tiles, garage parking, and terrific amenity packages such as clubhouses, exercise areas, wifi stations, and swimming pools. They would wow and awe you. There are some owners who overplay the word “luxury” but its not an epidemic. Richmond has moved into an era of multi-family building that is competitive with major markets. It was a long time coming.

Ed
Ed
10 years ago

Becuase we have become a spoiled society, if it does not have granite countertops, whirlpool bath and 9 foot ceilings along with other high end ammenities, we scoff at it. Now if you can afford it I say go for it, but the same goes for homes, do we really need 3,000 foot homes for 2 adults and 2 children????? As for the hosuing crisis and its effect on the economy we brought it upon ourselves, we are a society of immediate gratification, we want it now unlike our parents who lived in a 1 besroom apartment and saved for… Read more »

Tom Wilkinson
Tom Wilkinson
10 years ago

Bruce Milam is correct.

W. Maximillian de Johnsonbourg
W. Maximillian de Johnsonbourg
10 years ago

I concur with Mr. Bruce Milam

Michael Jones
Michael Jones
10 years ago

Bruce Milam and Carter Snipes are correct. And Ed, yes, 3,000 square feet at a minimum for a couple with two kids. I want room, I want big play space for my kids, I’m an American, and I worked hard and took risks for it, damnit.