One Beale is on the board. In its first week of condominium sales, the $175 million development has netted almost $17 million in unit reservations. Of the 68 "Phase 1" units released for sale by developers Carlisle Corp., 16 have now been spoken for. These units are in the North Tower of One Beale.
Five of the 16 units are penthouses, including all of the three-bedroom penthouses, which range in price from $1,730,000 to $1,840,000. Seven penthouses remain in the North Tower.
Of the units available currently for sale, sizes range from 1,300 to 4,380 square feet, with price tags from $554,000 to $1,840,000. A second phase of condominiums looks to be launched in the next few weeks.
"The success of our initial sales effort reflects the strong interest this project has garnered since it was first announced," project manager Chance Carlisle said in a statement released by Carlisle Corp. "Residents of One Beale will enjoy an elegant and metropolitan lifestyle with the services of a four-star Hyatt Regency and Spa at their fingertips and a quick walk from all that downtown Memphis has to offer."
The One Beale sales center, at 263 Wagner Place, right next to the site of the development, gives prospective buyers an idea of the level of comfort and glitz once the building opens its doors, projected for 2010. The sales center features fully designed, gawkable model rooms (see Feature Story, page 26) and an interactive tour. You can also get an idea of the view of the Mississippi River One Beale promises future residents — although the vantage is decidedly earthbound at present.
For more information on One Beale condo sales, call 271-2325 or go to www.onebeale.com.
On Friday, August 3rd, Memphis Light, Gas and Water Division will host the 2007 Neighborhood Leaders Conference at the MLGW Training and Development Facilities at 4949 Raleigh-LaGrange. The conference, called "Protecting Yourself and Your Neighborhood," will teach concerned citizens a number of strategies for improving their homes, their neighborhoods, and their communities. The opening, plenary session of the conference will examine ways to reclaim neglected and abandoned properties, particularly with the aid of the Memphis Police Department, the Attorney General's Office, and the Environmental Court.
Workshops planned for the conference include how to start a neighborhood watch program, ways to avoid predatory lending, how neighborhoods can better work with realtors in marketing neighborhood homes, ways to avoid foreclosures in your neighborhood, technology and crime prevention, and tips for energy-saving improvements in the home. There will also be a lunchtime presentation on the new MLGW electronic bill.
The conference is open to the public; registration begins at 8:30 a.m., and sessions run until 3:30 p.m. Breakfast and lunch are provided. Call 528-4322 for reservations and more information. ■ — GA