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Rustic Place gets 49 condos.


Byline: REAL ESTATE By Randi Bjornstad The Register-Guard

For decades, Rustic Place lived up to its name, a quiet hideaway of cozy See COSE.  ranch-style homes tucked away just east of Coburg Road in the Oakway district.

These days, though, the street bursts with new sophistication so·phis·ti·cate  
v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates

v.tr.
1. To cause to become less natural, especially to make less naive and more worldly.

2.
, in the form of a nearly completed 49-unit upscale condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 project, Terraces at the Pavilion.

Workers are swarming over the $10.5 million development now, painting, landscaping, decorating and otherwise readying new homes for a projected move-in date of late February or early March.

Patti Burke, broker with John L. Scott John L. Scott (1898-1986)

The vision of John L. Scott Real Estate started over seven decades ago when a young Scottish immigrant named John L. Scott set out on a long journey with his bride and infant son in their Model-T Ford—destination San Diego.
 Real Estate and agent for the project, said 17 units already have been reserved and interest overall in the condos has been brisk.

The 13 one-bedroom units sell for about $190,000. The two-bedroom units, which are available in several floor plans as townhouses or flats, vary from about $255,000 to just less than $300,000.

"The condo market in this area is excellent," Burke said. "Other than The Tate (development), Eugene hasn't had any new condominium developments in a long time. There have been quite a few conversions from apartments, but not buildings built specifically as condos."

Although the market for condominiums has slowed in some areas of the country, the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than  said last week that doom-and-gloom predictions for the condo market "are greatly exaggerated."

Developer Bill Donges, who builds condos throughout the country, said condominiums "won't go away, because people like them."

"Today's buyers want to live close to work, transportation, entertainment and retail," Donges said. "A great location, a distinct product and a good price point for your market are critical to a condominium community's success."

Located near one of Eugene's busiest commercial districts, Terraces at the Pavilion seems to attract "people who are downsizing (1) Converting mainframe and mini-based systems to client/server LANs.

(2) To reduce equipment and associated costs by switching to a less-expensive system.

(jargon) downsizing
, who travel a lot, who want second homes or don't have the time or desire to do yard work," as well as young professionals who want the kind of upscale finishes the condos offer, Burke said.

Designed by TBG TBG
abbr.
thyroid-binding globulin



TBG

thyroxine-binding globulin.

TBG Thyroxine-binding globulin, see there
 Architects & Planners in Eugene, the units have 9-foot ceilings, oversized o·ver·size  
n.
1. A size that is larger than usual.

2. An oversize article or object.

adj. o·ver·size also o·ver·sized
Larger in size than usual or necessary.
 windows, large walk-in closets, single-car garages and gas appliances.

Beverly Stonecypher handled the interior design, with compressed bamboo floors, granite countertops and a choice of earth-tone color palettes.

The Pavilion has three buildings with a triangular terrace in the center, Bennett said. One of the structures, three stories tall, has an elevator, "which we thought was important to make it more accessible," she said.

Although not seeking "green" certification from the U.S. Green Building Council, the development contains as many sustainable building practices - such as bamboo floors, marmoleum bathroom flooring, natural light and energy efficiency - as possible, Bennett said.

"It's a fairly dense project, but we feel it fits into the neighborhood very well," said Sarah Bennett, a principal in Bennett Management Company and daughter of its founder, Rob Bennett. "Our goal was to provide above-average quality, but we also wanted to fit into the neighborhood and offer homes at an affordable price.

`We feel really good that we've had no 'pushback' from the neighbors."

Bennett Management developed the Pavilion condos in conjunction with majority owner Rosaria Haugland, who also developed adjacent Pavilion commercial enclave that includes Ben & Jerry's, Baja Fresh Baja Fresh is a restaurant chain of Fresh Mex restaurants founded in Newbury Park, California, United States in 1990 by Jim and Linda Magglos. Categorized as a "fast-casual" restaurant, the quality and preparation time of its food is between that of a fast-food restaurant and a , Full City Coffee, Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.

Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association.
 Bank and the Wags! Dog Emporium.
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Title Annotation:Business
Publication:The Register-Guard (Eugene, OR)
Date:Feb 13, 2007
Words:550
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