I saw Central City when it was just dirt - not a remarkable lot. Not enough retail and pedestrian friendly amenities nearby, but they will come - sorta...does CVS and Chik Fil A count?
Regardless, the entire area is one of the most accessible for commuters in the city. My wife lived at McGill Park and loved it for nearly 5 years. Safe, secure - nice, quiet. 1 minute and you are on the highway. 5 minutes and you are in the best retail in all directions. Freedom Park is terrific for athetic folks. Downtown is cool...you name it.
I've shown, listed and sold properties at McGill Place, McGill Park, City Heights and Renaissance since 2004. When Central City went up, my Buyer Sandra and I looked at them, and nearly everything else comparable - musta been Autumn 2006. She bought at Tribute around the corner last June - Tribute is sweet - Choate built them. Great piece of land for the product. They need some retail, but the market will dictate that.
Nevertheless, I don't remember anything remarkable about Central City - I like the interior pool - I like the secure interior perimeter that enables good neighbors. Otherwise, it has a lot of competition, and none of my other clients seem to be able to fall in love with the location.
What's the history? The money ran out due to speculative credit misamanagement. The bank took over - you don't pay - you don't stay.
If you are interested, then what is leading you to Central City over all other real estate investments? Is this going to be a primary residence?
Call me if you want to talk.
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