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I'm planning a move to Grand Forks in the summer and I want to get more information on the luxury apartments in the city. I have seen Boulder Apartment and Cardinal Point Apartment online. Which one is better? Are there other apartments like or better than these two in the city? What should I look out for when I visit to look for apartments? I appreciate any advice you have. Thanks.
I'm planning a move to Grand Forks in the summer and I want to get more information on the luxury apartments in the city. I have seen Boulder Apartment and Cardinal Point Apartment online. Which one is better? Are there other apartments like or better than these two in the city? What should I look out for when I visit to look for apartments? I appreciate any advice you have. Thanks.
Hi... I have lived in the Grand Forks area for nearly 20 years. I currently do rent a newer apartment in Latitudes aptsvby Lux communities. I am more familiar with Cardinal Point than Boulder.
Boulder is close to the hospital and clinic and if you have a job there a good location. Boulder would be the choice if you want very high end finishes...More industrial modern type design and didn't care about extra amenities. Also it's close to UND.
Cardinal Point is managed by IRET which has a pretty good reputation. It would be a place if you want many amenities as it has or will have outdoor and indoor pool, bball court, and other stuff. It just was completed last fall so unsure how much if the outside amenities are done. Cardinal Point does have wall unit A/C but my experience is they work well.
Both have underground parking.
Cardinal Point is a large complex. Over 200 apts...
I would add to your list Aspen Lofts...By Oxford Realty...It is right by mine and has a clubhouse and underground parking but no pool and a bit less big of a complex. They have central air. Great location just south of Target and Lowe's.
@Kamsack...thank you so much for your reply. I looked up Latitudes Apartment and it really looks good. Why is it much cheaper than the others even though it is new? Also why is Boulder so expensive? I'm looking for a 2 Bed-2 Bath and Boulders prices stretch to $1600
@Kamsack...thank you so much for your reply. I looked up Latitudes Apartment and it really looks good. Why is it much cheaper than the others even though it is new? Also why is Boulder so expensive? I'm looking for a 2 Bed-2 Bath and Boulders prices stretch to $1600
I think the upgrades inside the apt at the Boulder is why they are expensive...But I never looked at them so that is an assumption.
Latitudes is two buildings. The second building opened up in September and I'm in that one and about 50pct full.. with several empty 2BR apt on second and third floors. Shane a bit cheaper due to less amenities. No clubhouse...But each building has a small fitness room on floor 3. And it does have an elevator. It is quiet....Pet friendly... Inside are nice...Large bathroom....No stainless appliances....In unit wall a/c...But no issues so far and I tried a/c and it is powerful unit. 2BR come with two car garage with remote. Free wifi .. you need to have your own router...And free heat
Grand Forks is overpriced. Why? Ask anyone who's from here and they won't have an answer.
As a local I do think all would agree. The hope was with increased apartment building over the past few years, this would open up the vacancy rate to closer to the 5-7 pct range and provide a bit more competition. I would say in the top end apartments, that is true as there are many 1 BR in the 850-900 range, such as the one I am in right now.
But the issue is in the lower end pricing as anything new cannot be rented out for 400/500 a month, where more need is present.
Home prices have risen as well, but there remains pretty strong demand still. Now if interest rates go up then I suspect demand will lower quickly and prices will come back down some for those in the 400k and higher range.
Grand Forks is overpriced. Why? Ask anyone who's from here and they won't have an answer.
Actually, I do know the answer (despite only living in grand forks for a few months).
Most of the land around Grand Forks is owned by only a handful of developers. (and some farmers holding out for better prices). These large developers have managed to keep pretty good control of the town, so that there hasn't been that much overbuilding. At least one I know of doesn't mind holding onto the property for a long time - once a price is determined, the developer won't go below, it'll just sit for a few years.
Basically, the city is large enough for sufficient demand, but small enough that a handful of people can control the growth. The developers play the long game, and won't get swayed by temporary issues.
Coincidentally, those developers didn't allow for too rapid an increase in supply meant that price drops weren't so drastic during the housing crash.
Actually, I do know the answer (despite only living in grand forks for a few months).
Most of the land around Grand Forks is owned by only a handful of developers. (and some farmers holding out for better prices). These large developers have managed to keep pretty good control of the town, so that there hasn't been that much overbuilding. At least one I know of doesn't mind holding onto the property for a long time - once a price is determined, the developer won't go below, it'll just sit for a few years.
Basically, the city is large enough for sufficient demand, but small enough that a handful of people can control the growth. The developers play the long game, and won't get swayed by temporary issues.
Coincidentally, those developers didn't allow for too rapid an increase in supply meant that price drops weren't so drastic during the housing crash.
So right... Greenberg's and Crarys among a few. Plus land built on now on Southend of town is prime farm land which was bought at the height of the commodity price explosion around 2012. 65 o 80k for a lot in those new subdivisions 80 x 130 is a bit much
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