Saturday, April 17, 2010
The ADN just published an article that reports on the developer behind the trendy new Aurora Square development (seen above) and its further plans in both South Anchorage and Government Hill that are to come this summer. Taking a step away from the traditional and ugly condo projects that have sprung up throughout the Anchorage Bowl in the last several decades, the Anchorage based Lumen Group plans to build more condos that are far more classier in aesthetics, more energy efficient, and incorporate rooftop terraces for social gathering and private gardening. All the units built so far in Aurora Square have been sold while six out of eight units for South Anchorage's soon to be built Lumen Park development have been reserved. The niche market for these pricey homes include young professionals and seniors looking to downsize. For the nearly complete Aurora Square development, the target is professors and doctors who want to live near the U-Med district, as well as those in general who have double income and are childless. The Mountain View Forum blog reported that designers and artists have also snatched up units.