Developers in Competitive Markets Lure Foodie Buyers
September 21, 2018 |
For Boise real estate watchers on the lookout for the latest trends, here’s some food for thought. According to last week’s Wall Street Journal, it’s one formerly overlooked amenity that is now evident in the increasingly competitive luxury condominium
market. It’s gastronomic: the addition of exclusive residents-only gourmet restaurants.
Multiple examples are evident in Miami, where the 60 stories of the Porsche Design Tower aren’t its only sky-high features. With units listing for anywhere from six to thirty-two million dollars, PDT’s developers decided that enticing potential buyers’
taste buds would be a useful addition to its other amenities. Already included are robotic car lifts to owners’ private sky garages; two oversize swim-spas; 24-hour concierge and valet service; a virtual golf facility and a two-seat race car simulator.
The added amenity is Fuel, the owners-only restaurant, where menu offerings like the truffle pasta purses and lamb osso buco are providing a competitive edge.
Another rival, Fisher Island’s Palazzo Del Sol where condo prices start at $7,300,000, the gourmet addition is Café Sol. This oceanfront aperitivo bar is where residents can snack on homemade biscotti, tea sandwiches and Aperol spritzes throughout the
day. There’s never a call for “check, please”—that’s included as part of the monthly maintenance fee.
It’s true that new Boise developers will think twice before jumping on the residents-only restaurant route, which is admittedly an expensive amenity. Any Boise restauranteur will readily agree with the real estate consultant quoted in the Journal. If
quality isn’t top-notch, “the restaurant will not get used much.”
Yet the idea of including some form of enhanced food availability—whether it’s a posh owners-only eatery, a common facility for cooking club get-togethers, or an HOA-sponsored meal delivery service—may one day become an accepted Boise real estate trend.
The frenetic pace of daily life does seem to open that possibility.
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