About

This blog was created to give buyers at the Vue Charlotte a way to communicate their concerns and intentions to other Vue buyers in regards to their upcoming commitment to purchase their unit in Uptown Charlotte. The goal is to inform, and to entertain, and to gain insights from the community. Each and every buyer will need to make their own decision as to their individual unit. Again, the goal of the blog is to inform, and not to persuade. The forum is open to all points of view, and we welcome comments from all who feel they have information of interest to our buyers. My hope is for open and transparent communication with MCL to ultimately help the VUE be a success.

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3 Responses to About

  1. Juan says:

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    Have you not heard of Avenue Condominiums? Luxury, all the same amenities of Vue (except tennis)…but it’s Sold Out and has a very well-funded HOA with over $700,000 in CASH assets. Plus it’s 3.5 blocks closer to downtown.

    A 1,300 sq ft unit on the 32nd floor (the best unit…an 02) sold for $408,000…why would anyone pay $200,000+ more for a similiar size condo at Vue with $0 in the HOA and a building that could very well have 10% occupancy?

    • Juan says:

      the tennis court at Vue floods every time it rains…and the pool doesnt get any sun until late in the afternoon because the building casts a shadow over it. the pool should have been placed on the other side of the building, like it is at Avenue Condominiums. a 1,100 sq foot two bedroom, corner unit on the 18th floor with stunning city views just sold for $329,000. a comparable size unit at Vue is $550,000+!

  2. Daniel McLean says:

    From the desk of Daniel McLean, Developer of The Vue Charlotte

    I have been made aware of these blog postings. I am only responding to these particular issues on a one time basis due to gross inaccuracies stated regarding The Vue Charlotte. Any valid questions or comments may be directed to The Vue’s sales team.

    We have a construction manager and a marketing/sales/project manager on location in Charlotte, each with over 20 years of experience, specifically in high rise residential projects. We have hired a very experienced and well respected management company to manage the building. This company has hired a property manager that over the last five years has opened three high rise condo buildings and is well qualified to open The Vue Charlotte.

    There are three particular areas I would like to specifically address:

    1) The Charlotte real estate market: As one blogger (Cristian) has already addressed and provided some good comments on this issue, you cannot compare the Charlotte real estate market with the Orlando real estate market. Real estate markets are not only individual as to cities, but are individual neighborhoods and can change on a block-by-block basis. Supply and demand, as mentioned, is what sets markets. The overbuilt conditions of Orlando, Phoenix, and Las Vegas are not at all related to the more stable real estate market of Charlotte.

    2) The Developer/Development: The only common bond between The Vue Orlando and The Vue Charlotte, is that I chose to purchase the development property from The Vue Orlando developer. The Vue Orlando developers were inexperienced in the high rise development market. Our development team has developed over 4,000 residential units over the past 30 years, including 10 high rise developments in the last 10 years across the United States. The senior members of our development team each have between 15 to 30 years of development experience. The development team did have the opportunity to tour The Vue Orlando prior to the finalization of the design of The Vue Charlotte. We were able to redesign The Vue Charlotte to be a much higher quality building and product than The Vue Orlando. The development team has made sure that this high quality level is shown throughout the building in the finishes, as well as the structure.

    3) Financing: I realize that financing is much more difficult to obtain these days, but it is still achievable for most buyers. We are working with our preferred lenders to offer lending programs that are very competitive for the qualified buyers. These preferred lenders are very familiar with the building and are able to do everything they can to make financing available. As I have previously stated on interviews, we will work with buyers on a case-by-case basis to help obtain financing. If the buyer can find a relative or friend to help with the purchase, we will add them to the contract. We will also consider another buyer to replace a buyer that is not in a position to close any longer.

    As far as the project financing is concerned, our construction lenders are considered our partners. They have committed to stay with this project until the building is completed and sold out, whether that takes 1, 2 or 3 years to complete. The building will not become a rental building. It will be a for-sale condo building.

    We are glad to hear from not only the naysayers, but also from the silent majority of buyers who are excited to close on their unit in such a wonderful new building. I feel The Vue Charlotte is a great addition to the Charlotte real estate market.

    Daniel McLean

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