151 First Side, the first new condominium to be constructed in downtown’s Golden Triangle area since 1968, has sold 53 of its 78 units. Project developer
Ralph Falbo says that four additional condos in the $28.6 million, 18-story building are close to being sold.
“Fifty percent of our sales are from people outside of town, essentially coming here to work in law firms, the academic community and downtown businesses. Local people make up the other portion,” says Falbo. “We have an industrialist who bought one of the two penthouses, a former U.S. Attorney who bought two units and combined them, a dean of a law school, an insurance executive, and an attorney who is very active in professional sports.” Falbo, who has also purchased one of the condos, says that First Side has also attracted young couples without children.
First Side’s one-, two- and three-bedroom condos range in size from 1,000 to 3,400 square feet. Amenities include concierge service, fitness and business centers and private balconies and terraces.
“It’s people who love living in an urban setting. The primary thing is its location--the fact that you can walk to the
Symphony,
Market Square, the
Opera,” says Falbo, who looks forward to the addition of a gourmet grocery store that will serve downtown’s many residents and employees. “You also have very good exit ability in all directions and parking inside the building.”
151 First Side is on track to be completed during late summer.
Writer: Jennifer Baron
Source: Ralph A. Falbo
Photograph copyright © Jonathan Greene