There is definitely no crystal ball to determine how the values will rise due to the new Midtown Crossing development. Right now, I am selling a condo in Park Plaza and of course it is helping our sale that the new theater opened, the fitness center, and other attractions are having their grand openings. Its exciting, its fresh, there is optimism. Right now, it is good for the value of condos there and will certainly be helping adjacent buildings to the development that are currently selling.

What cannot be controlled is how slow the current Midtown Crossing condos are being put under contract. They are having a tough time getting pre-sales going, as their association dues are outstandingly large compared to most condo developments and their price per square foot is also on the higher end. This may change, but what happens if the whole thing down the road goes defunct and ends up more vacant than occupied, which means lots of condos on the market, oversaturation...

OR if they start pricing them super low and hurt your condo's value because they start a fire sale?

None of this is anticipated, but in this unpredictable time, nothing is out of the question... Being an investor is a risk and you would be placing a bet on the likelihood all goes great (as planned). That bet may pay off well for you...It is not 100% guaranteed good on investment.

Colleen Woodward
Prudential Urban Omaha http://www.UrbanOmaha.com

Emily,

I have a client who recently bought in the Twin Towers and like you he is hoping that the Mid Town Crossing project will increase the values in his building. In fact he has joined the HOA in an effort to make improvments to the building. One change is that they are considering is changing the name of the building to 3000 Farnam to dissacociate the condo building from the vacant building to the north. The vacant build has been bought though and it looks like it may be renovated. Here is a link about the purchase.

http://www.ketv.com/news/18591221/detail.html

In the end there are many things going on in that area that could improve the values of the condominiums at Twin Towers. It is, however, impossible to predict if the values will increase.

One negative could be the fact that Mid Town is having such a hard time reserving units. What will happen if they can't get more interest/reservations? Just something to think about.

Roy Kotz
Realtor
Roy@RoyKotzRealtor.com

Emily,

My name is Matt O'Shea, and I am a Realtor operating in Omaha, Lincoln, and surrounding areas. I woud love to further discuss with you the opportunities of investing in the the Twin Towers condo regime. Unfortunatley there is not enough room here to discuss the variables that need to be discussed regarding your question. Please feel comfortable contcting me personally so that I may go over the investment oppotunity, and answer all of your questions regarding this topic.

Matt O'Shea
osheamatt@palincoln.com