Verge

Posted at 12:01 AM, May. 25, 2007

• VERGE is a 9 story condominium/loft mid-rise community located in the downtown area (downtown is currently undergoing a $14 billion dollar renovation);
• VERGE is a mixed use community with a commercial/retail component on the ground floor (gourmet grocery store, coffee shop, wine shop and other retail space) and residences on the upper floors;
• Amenities will include an on-site grocery, 10,000 square foot fitness center with locker rooms and saunas, rooftop restaurant, 2 pools (one resort style pool and one lap pool), pet playground, racquetball courts, group training room for yoga-pilates, 20 seat theater room, owners’ lounge and much more!
• There are 39 floor plans to choose from including studios, 1, 2 and 3 bedroom condominium homes, 2 story lofts and penthouses;
• Sizes range from approximately 600 - 3900 square feet;
• Prices range from $149,900 to approximately 2 million (with 60% of the residences priced under $400,000);
• There are a total of 296 residences.

We will begin construction this summer and estimate the buildout time to be approximately 20 months (we anticipate closing escrow by the end of 2008).  The General Contractor for the job is Building Consensus and the construction financing is in place with Fremont Bank. 

We began accepting reservations on 3/19/07 with only a $2,000 fully refundable deposit required!  The buyers who reserve early will only be required to put down a 5% earnest money deposit at contract!  Other benefits include first release of information from the developer, a better selection opportunity when you pick your home at the Selection Event (being held 6/2/07) and pre-construction pricing. 

If you would like further information I have copies of copies of the Limited Priority Reservation Agreement with instructions, price ranges and a sampling of the amazing floor plans,  Please send me an e-mail.

If you are interested in owning a home at VERGE, the time is now…don’t hesitate to get your reservation in as the Selection Event is only a week and a half away!