Old school going condo.Byline: Randi Bjornstad The Register-Guard The 59-unit Lincoln School Lincoln School is a popular name for schools—particularly high schools—in America. In the past schools of this name were indicators of them being for colored people. Apartments complex - much admired in rental circles for its fir-floored hallways, 12-foot ceilings, interior solarium and downtown Eugene location - has been sold and will be refurbished and resold as individual condominium units. Development partners Tom Connor and Don Woolley purchased the building at 650 W. 12th Ave. nine months ago for $4.15 million from two Washington state developers and recently sent tenants a packet of information - including a minimum 120-day notice to vacate To annul, set aside, or render void; to surrender possession or occupancy. The term vacate has two common usages in the law. With respect to real property, to vacate the premises means to give up possession of the property and leave the area totally devoid of contents. if they decide not to buy the units they occupy - about the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. conversion. Reaction from tenants in the building ranges from dismay to a philosophical "oh, well." University of Oregon The University of Oregon is a public university located in Eugene, Oregon. The university was founded in 1876, graduating its first class two years later. The University of Oregon is one of 60 members of the Association of American Universities. student Ian Shaw Ian Shaw may refer to:
In his case, he would have been moving out before long anyway, Shaw said; he plans to attend a study program in Scotland in the fall. Not so for Greg Christy, who moved to the Lincoln School Apartments from Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, less than a year ago and had planned to stay several more. "I chose this because it was such a neat building with so much character," Christy said. However, he probably won't purchase one of the condominium units, he said. This is the first condo conversion Generally stated, a condo conversion is a process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individual for sale units. in Eugene in about 10 years, said Linda Dawson, the city of Eugene's grants manager, who also monitors manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected and condo conversions. She and local real estate agents said that interest in condominiums appears to be picking up. "I've done a couple of manufactured home park conversions in the last couple of years, but I believe this is the first condo conversion since the Highlands on Willamette Street in the mid-1990s," Dawson said. She will be working with the Lincoln School Apartments conversion to make sure that tenants' rights are protected, Dawson said. That includes providing counseling to help displaced tenants find comparable housing. Cities also can require payment of moving costs, as well as assistance with packing and unpacking for renters in "special categories," such as low-income and elderly disabled, she said. Tom Connor Jr., the spokesman for the Lincoln project, said Wednesday that the Lincoln School conversion "is still in the planning phase In amphibious operations, the phase normally denoted by the period extending from the issuance of the order initiating the amphibious operation up to the embarkation phase. The planning phase may occur during movement or at any other time upon receipt of a new mission or change in the " but that the condos will go on the market in about three months, at prices ranging from $110,000 for a small studio to $250,000 for a 1,200-square-foot two-bedroom, two-bath home. The decision to purchase the vintage apartment building - converted in the early 1990s from an elementary school elementary school: see school. building built in 1924 - had no connection with plans for an ambitious, $165 million downtown redevelopment project that Tom Connor Sr. and Woolley hoped to construct along West Broadway between Willamette and Charnelton streets. The pair recently scrapped those plans after they were unable to acquire some neighboring parcels that they said they needed. "We were going to do this project anyway - it's a unique property," Connor Jr. said of the Lincoln School project. The Connor and Woolley team already have done a handful of conversions of apartments or warehouses to condominiums in the Portland area, including 69 condos on Northwest 23rd Street and 334 units in two warehouses in the upscale Pearl District. Condominiums have become the latest hot properties
Roberts, one of a three-member team marketing the 46-unit Tate Condominiums in downtown Eugene, named for longtime Eugene Realtor Jean Tate, said she's been amazed at the demand for the upscale condos. "We have only 11 units left to sell, all with two bedrooms and two baths," Roberts said. "We started pre-selling the units in 2004, before construction started, and we can't believe how fast they've sold." The least expensive units, with less than 1,000 square feet, sold for about $250,000, with the "penthouse" going for nearly $700,000, not including upgrades chosen by the purchaser, Roberts said. The still-unsold units average about 1,325 square feet and are priced at an average of about $431,000. Roberts, who has sold real estate in the Eugene area for about five years, said 2004 "was the first time I saw a high demand for condos. Now, we get calls for them all the time. They're all going fast." Sizes and prices vary greatly, but it doesn't seem to matter, she said. "There's one on the market right now for $159,000 - it's a shoebox shoe·box n. 1. An oblong box, usually made of cardboard, for holding a pair of shoes. 2. Something resembling or suggestive of such a box, as a plain, rectangular building or a cramped room or dwelling. Noun 1. - but it will go," Roberts said. "Condos are just a hot commodity." CAPTION(S): Kevin Clark / The Register-Guard Several rooms at the Lincoln School Apartments look over the solarium. The apartments are going to be converted to condominiums. Stephanie Barrow / The Register-Guard |
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