UPTOWN PROJECT APPROACH
Uptown is intentionally NOT an apartment-style condominium project, as those are difficult to finance, both for us and the end user. In doing so, we also avoid major factors that drive up cost to build and maintain, time to construct and risk. Our townhomes are functionally independent of other units. There are no shared hallways, elevators multiple egress stairways, parking structures or mechanical equipment. Vertical separation walls are designed to stop sound transmission and there is no one else living above or below.
Each townhome has its own attached garage, internal stairs and many have a private elevator. This provides the individual owner freedom in design within his “footprint” and flexibility in choosing mechanical systems and features. It also gives great comfort in the ability to control utility and maintenance costs, especially for those who are not year-round residents.
The site work is mostly complete, with all utilities, paving and infrastructure in place. Final landscaping is completed by phase as units are readied for occupancy. Phase 1 (units A-E) is complete and fully occupied. Phase 2 consists of five Riverfront units F-J, of which only one (Unit I) is available. Five “Cityside” Live-Above-Work townhomes along State Street make up Phase 3 and only Unit K is available and ready for immediate occupancy.
Concurrent with the Purchase Agreement for the lot, the buyer enters into a construction contract with Whiteford Associates to build their townhome at a fixed price per square foot based upon a defined set of specifications, but with freedom to customize the size and plan of the unit within the exterior wall configuration.
Each buyer provides the financing for the construction of their unit. Since we are not building multi-unit condos, owner financing for their home on their lot is relatively simple and common. Thus, we do not need to reach a large number of reservations to begin construction. Most buildings consist of just a couple of connected but independent (except for a party wall) townhomes, so we can build with just one or two sales per building and Uptown will finance the shell of an unsold unit. For example, five Riverfront units in Phase 2 are under construction with commitments on four of the five units in that building. Uptown is self-financing the other, finishing them all on the outside so the whole building appears finished, without building any interior walls until that unit is sold to maintain maximum flexibility.
We have been very fortunate to have nearly all of the units pre-sold at one time or another. However, life happens and sometimes a reservation is cancelled and a unit becomes available, so check with us before you just assume we are sold out. A back-up reservation can be taken to put you next in line!