Rockwell Square in Draper
Posted: August 5th, 2009 | Author: Nathan Blair | Filed under: Draper Utah, salt lake city real estate | Tags: Draper Utah condos, Rockwell Square, Rockwell Square condos Draper | 9 Comments »
If you are one of the seeming few who have stopped by Rockwell Square in Draper lately, you might be wondering where all the other buildings are that were supposed to be built. I wondered the same thing until I dropped in the other day and took a look at the place.
First, let me say that I really like Rockwell Square. I live nearby and drive past them everyday. I love the location, the building, and especially the future plans for the adjacent land. It was thought to be rumor at first, but now I hear it is actually true that all the land east of Rockwell Square will be turned into a large Draper park, possibly eventually serving as the main park for the city. There is just one spot of the land that will not be set aside for park and that is the part where the old houses currently sit. One of the local homebuilders has purchased that land and will be putting a few homes there.
As for the rest of the development, it will still happen. It might not happen this year, but they claim it will still happen. That pesky little thing called the economy got in the way the last time they tried to build out the entire development. Then as if that wasn’t bad enough, there was trouble with their bank when they wouldn’t allow financing unless a certain portion of the building could be filled. Well they weren’t selling so they couldn’t move forward. But now things should be moving since they switched banks, and FHA lending has been approved.
With that knowledge, I encourage y’all to stop by and take a look at the inside. I think you’ll be pleasantly surprised at how upgraded and spacious they are. For the price, there really is no reason these condos haven’t been filled already. You’ll notice the sign outside says they start at $189,900, which is really incredible considering what they started at back when the economy was good.
So check them out at the corner of Bangerter Highway and 13800 South.
Tags: Rockwell Square, luxury condos, home buying, real estate
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There are detailed real estate, demographics, employment and school heat maps for metro Salt Lake City at http://www.localetrends.com/metro/salt_lake_city_utah_home.php
Draper is a beautiful place to live, too! Thanks for the update and information.
I love draper, great place to live, and friendly people just like all of Utah. I like that the city is going to go with a park, rather then more buildings. Keep it fresh!
-Lisa
Your site was extremely interesting, especially since I was searching for thoughts on this subject last Thursday.
My wife and I stopped by to visit some friends at Rockwell Square. Place looks fantastic and now we are considering moving out of downtown into that area.
Is the market there for new homes and condo’s bogged down? Our area Bergen County New Jersey, new is still selling at a loss. We can not get production cost in our market.
Thanks for all the positive comments. Richard, the market for less-expensive new homes and condominiums is actually going pretty strong here. The buyer credit has certainly helped, but I think first-timers across the board are realizing it’s a good time for them. The ones I’ve talked to are really excited about it, and I don’t mean that as hype.
We stopped by about 2 weeks ago and all the doors were locked and cobwebs everywhere. Are there people really living in them? Did someone buy them out? What are the lower prices? We looked into these in the summer when they were just selling and the lowest price was $189 for the 1 bedroom, have they dropped since then? They are beautiful and we are interested we just don’t want to be stuck in condos that are going under
Carisa,
I haven’t been by since I wrote this, so I can’t say for sure why they are still delaying. As far as I know, 189 is still the base price for a 1 bedroom. If you aren’t in a hurry, I would get in touch with the listing agent and maybe he could tell you when it will all happen. He only comes out when someone wants to walk through. I’m sure there will still be some waiting, but for all I know it’s closer than we think. No harm in calling to find out.