Uptown Riverfront Townhomes in the Heart of Downtown TC

Click on the image above to take a short “virtual tour” that captures the unique features of Uptown.

Uptown-Riverfront Townhomes on the Boardman River at the corner of State and Pine Streets across the River from Hannah Park and the History Center.  A prime location, right smack in the heart of downtown.

IMG_0369Construction is under way of 8 townhomes along the river. Riverfront Units B, H, and I are available for fall 2016 occupancy.

Uptown Riverfront Townhomes

Uptown Riverfront Townhomes

 

Uptown Cityside Townhomes Placing Living Above Work

Uptown Cityside Townhomes
Placing Living Above Work

Five “Cityside” live-above-work townhomes fronting State Street will occupy the KLMNO site along the sidewalk.

Uptown Site Plan

Uptown Site Plan

 

Townhomes feature classic brick exteriors and urban architecture. Be sure to view all posts in the Uptown-Riverfront living downtown Category (in sidebar on right). Call or email for the latest breaking news or click on the Uptown Riverfront Townhomes category in the sidebar on the right. Click HERE for a flyer.

You will be impressed with the projects approach, its sense and simplicity. The ability to completely customize and design a townhome to taste and style of living and sized to fit is incomparable, not to mention the 2 car attached garage, private elevator, expansive riverfront terraces and garden roofs , walk-out basements and, of course, location. As these are individual townhomes, they can be constructed quickly and without waiting for a high percentage of commitments before we begin construction. Another advantage is that you are not paying the cost of construction or maintenance of common elevators, stairways and parking.

Bird's Eye View of Uptown with Green Roofs

Bird’s Eye View of Uptown with Green Roofs

FullSizeRender (2) FullSizeRenderWhiteford Associates, our architect/general contractor partner in this project, prepares a base plan for each unit, but that is only a starting point. The Owner has complete freedom to design their unit, working with the Whiteford design team to customize their unit within the lot boundaries. Most units will be 3 stories. The price of the unit is based on the size of the unit as designed. Riverfront units have a minimum 2,500 sf above-grade finished living space requirement and can be as much as 4,500 sf. Prices range from about $733,000 to $1,200,000. Cityside townhomes will vary in size from about 1,100 to 2,000 sf. Prices range from about $349,000 to $599,000.

Browse through the various floor plans to get a sense of the possibilities. We continuously update these plans, so check back often. You may also view our comprehensive specifications, located in the same folder.


OUR APPROACH

In spite of the current, long recession, Midtown has been successful, not only because of the demand for our product, but because of our innovative, but simple business model.

We avoid traditional apartment-style condominium projects, as they are difficult to finance, both for us and the end user. In doing so, we also avoid major factors that drive up cost to build and maintain, time to construct and risk. Our townhomes are functionally independent of other units. There are no shared hallways, elevators multiple egress stairways, parking structures or mechanical equipment. Vertical separation walls are sound-proof and there is no one else living above or below.

Each townhome has its own attached garage, internal stairs and private elevator. This provides the individual owner freedom in design within his “footprint” and flexibility in choosing mechanical systems and features. It also gives great comfort in the ability to control utility and maintenance costs, especially for those who are not year-round residents.

Midtown continuously searches for, identifies and negotiates the purchase of infill opportunities and private investors who like our projects and our approach buy and hold the land on our behalf. Midtown does the due diligence and works through the design and approval process, our objective being to precisely determine the building footprints and generate site condominium documents and surveys as quickly as possible. Once finalized, we are in a position to sell and close on the lot. The land investor releases and is paid for each lot as sold and the remainder of the purchase price funds the land improvements and infrastructure.

The site work will be done in two phases, which reduces capital requirements to an easily-managed internal level, which gets paid through lot sales. The west parcel, with units A thru E are Phase 1, the east parcel, with units F-J, will be phase 2. Phase 1 (units A-E) construction are under construction with occupancy early winter 2016. Phase 2 foundations are in place and framing is underway now with occupancy in fall 2016. Five “Cityside” Live-Above-Work townhomes are being developed along State Street and foundations are in place and framing is under way. We expect full build-out to occur by the end of 2016 or early 2017.

Concurrent with the Purchase Agreement for the lot, the buyer enters into a construction contract with Whiteford Associates to build their townhome at a set price per square foot based upon a defined set of specifications, but with freedom to customize the size and plan of the unit.

Each buyer provides the financing for the construction of their unit. Since we are not building multi-unit condos, owner financing for their home on their lot is relatively simple and common. Thus, we do not need to reach a large number of reservations to begin construction. Most buildings consist of just a couple of connected but independent (except for a party wall) townhomes, so we can build with just one or two sales per building and our land investor will finance the shell of an unsold unit.  For example, Building AB is under construction with commitments on just one of the two units in that building. Uptown is self-financing the second, finishing it on the outside so the whole building appears finished, but only constructing the bearing walls on the inside until that unit is sold.

Early market exposure through media announcements and the internet raises buyer awareness and inquiries as we develop conceptual plans and we quickly get to a point where we have enough definition to take deposits and reservations. We maintain a very deep database of prospects and enjoy tremendous referrals from previous clients, so we have ability to quickly get the word out. We also contract with Century 21 Northland to represent our project with marketing, internet presence and MLS listings.

We have been very fortunate to have nearly all of the units pre-sold at one time or another. However, life happens and sometimes a reservation is cancelled and a unit becomes available, so check with us before you just assume we are sold out. A back-up reservation can be taken to put you next in line!

To view a web-cam of the construction site, click on the name of the camera underlined in white in the upper left hand corner of one of the images below. From there, you can view the last 30 days of archived time-lapses or you can view live. The cameras show views in different directions.