Hurricane Preparedness

Here are some do’s and don’ts when it comes to hurricane preparedness. We want all of our residents to be safe!

Do:

• Remove all loose items from your terrace or patio (hanging plants, lawn chairs, etc.)
• Close and lock all windows and sliding glass doors.
• Draw all shades. Close all blinds and drapes.
• Place folded towels on window sills and inside the bottom of doors leading outside to absorb any leaking water.
• Locate the exit stairway nearest to you and count the number of steps from your door to the exit (in case lights are out in the hallway).
• Check and close all faucets, unplug electrical items from wall outlets and disconnect television from cable or satellite dish
• If the wind starts to get bad stay in your condominium in a room with few or no windows.
• Determine a location outside of the building for members of your family to meet in the event you are asked to evacuate.

Don’t:

• Tape your windows, this wont help them stand up to the wind or keep them from breaking of they are hit.
• Use gas powered devices in your units or on your terrace or patio.
• Pull the fire alarm unless there is a real fire in the building.
• Dial 9-1-1 unless you have an actual life or death emergency.

National Hurricane Centers “Hurricane Supply Kit” http://www.nhc.noaa.gov/HAW2/english/prepare/supply_kit.shtml

As a friendly reminder, if you haven’t taken our Park North survey then please click here.

Just in case:

Park North Management at 407-426-8300

Park North’s Security Officer at 407-625-1364

Police non-emergency line 321-235-5300

Tell us

Please report any property damage asap to the front office. The front office can be reached at 407-426-8300.

Notice of Public Hearing + Notes on Your Door

Notice of Public Hearing

I’m not sure if you’ve received a green letter in the mail about a notice of public hearing or not, but if you have let me tell you what it’s all about.

The lot adjacent to our building is 800 N. Orange; Ustler Development purchased the lot over a year ago. We involved lawyers and got them to reduce the size of the building by 66% from the original plans. Initially, they wanted to set the building back 3 ft from people’s patios. The purpose of this hearing is because Ustler Development wants to set the building back 46ft. (This is 46ft from the 3ft originally planned- great work by our outstanding lawyer, Karen Wonsetler + team) Since the city of Orlando only allows for a 25ft set back- they require a public hearing for the 46ft set back. Please leave a comment if you have any questions about this hearing. All of you are welcomed to attend the hearing. From our perspective, this 46ft is the best scenario we could have hoped for.

Notes on Your Door

I’m sure all of you have started receiving the notes on the door from an owner. I have personally communicated with this owner and asked him to attend our Board meetings. I have also asked him to fill out our survey. I am asking everyone to fill out the same survey to review everyone’s feedback in a central location- this ensures everyone is heard. We want all of our residents to share their opinion on what they think needs to be changed and updated at Park North.  The Board is impartial. We need to look out for everyone’s interests and not only of those who scream the loudest [Survey link]

After communicating with this owner, I’m still not clear on what his objective is. We all want the same thing to make Park North a great place to live and to increase our property values. I have asked him to put the survey link on his website and he has refused. I have asked him to attend our meetings to discuss everything in an open forum and he also refused. I tried to communicate on this website, but he became hostile. I also tried communicating with him in email and I received the same hostility. I created this blog to open the lines of communication. I heard some owners say that they were not being communicated with, so I volunteered to write this blog to help with the communication issue. I want all of us to work together. I implore all of you to get involved and attend our HOA meetings and/or post your comments on this blog for all residents to read if you are unable to attend our HOA meetings. [Meetings are the last Thursday of every month. Meetings start at 7:30pm in the great room]

As far as the most recent note on the door, it says that associations are collapsing in this tough market. You have absolutely nothing to worry about with Park North’s association. As many of you noticed, we prioritize repairs and spending on big items. Currently, we have a percentage of owners who are past due or have foreclosed. Since these owners have not paid their dues, we do not have this money to spend on certain repairs. We run our associations primarily as a cash business. If we do not receive the HOA dues from some residents then we are not able to spend that money. Certain maintenance projects need to be put on hold until we can afford to make those enhancements. We manage the cash flow and budgets very carefully. We do not want to be that association which gets in financial trouble. Imagine if we didn’t have the money to pay our vendors- then our vendors would stop providing services such as landscaping, cleaning services, etc. We manage the budgets closely so we have the funds to pay our vendors.

Managing budgets

We make sure we meet our reserves each month. I know some owners are upset that we still have certain repairs that need to be made. I completely agree. Now, we need your help prioritizing those repairs. We can’t do everything at once. Last month, we received an engineering report. We paid an engineering company to come out to Park North and inspect every nook and cranny. He came back with a set of recommendations from high priority to low priority. Some of the cosmetic changes some owners/renters are requesting might be a low priority compared with the other items that need to get done such as a roof repair or the garage door encasing. We are still committed to getting the cosmetic repairs made; however, when people do not pay their HOA dues then we have to cut the spending on something and generally cosmetic enhancements are cut. By taking the survey, you are telling us what is important to you. This will help us know what we can and cannot cut or if we have to increase our dues to meet your cosmetic expectations, etc. The reality is- we are paying for people who foreclose/declare bankruptcy. We might not be paying for it by paying more dues, but we are paying for it when it comes to budget cuts and maintenance projects. Our lawyer, Karen, is doing everything she can to collect these dues from those who are not paying. You can read more about this in the last post.

Small Changes lead to big things

We are replacing our bulbs in the hallways with energy saving bulbs, but only when a bulb burns out. [I'm a green advocate so expect to see more posts about how Park North can go green in the weeks to come]. Our building spends a ton of money on water and waste water. A decent percentage of our fees go to these two bills. Any suggestions on how to lower them? We also spend a lot of our Park North staff’s resources cleaning up each trash shoot. If you have trash, furniture or a box that will not fit down the shoot then please walk over to the dumpsture on each floor to dispose of it. Each floor has it’s own dumpster for this exact reason. Imagine how many trash shoots our building has. Each morning, our groundskeeper has to go from room to room and floor to floor cleaning them. He spends 4 hours a day handling our trash that we did not properly dispose of. If we properly disposed of our trash then he could spend that time fixing something around the property instead. Also, please, please, throw your trash away and do not leave it outside your door or in the stairwell. This is rude to do to your neighbors. Also, do not throw your trash on the street. Our staff has to spend the time to clean the street which is actually city property. Park North cleans it to make it look nicer, but it’s actually the City of Orlando’s job to clean the street. If we left it up to the city, it could take a few days to clean up. If you see someone doing this or if it’s your neighbor, please tell the front office. We need to put a stop to this.

Pools Close at 10 pm or Arrests will follow

Regardless if you are an owner, renter or guest the pools closes at 10 pm. Moving forward if you are at the pool past 10 pm you will be:

First time: Trespassed

Second time: Arrested

The noise disturbances from the pool continues to wake residents who face the pool. This issue has gotten out of hand and instead of having the security guard ask for the people to leave the pool- we are working with the police to arrest those at the pool after 10 pm. We will also place notes on everyone’s door to this effect.

Balconies too

Also, this noise problem applies if you are on your balcony. If you or your guests are being loud- please go inside your condo. Sounds in the courtyard and pools resonate; every sound, word or laugh you make carries inside everyone’s condo. Personally, I can hear a person’s one-on-one conversation from inside my condo with the windows closed. This just shows you how much the concrete carries the sound.

We have new pool signage. The signage is on the doors which go out to the pools. This is everyone’s warning that you can and will be arrested for being at the pool past 10 pm. Click here to see the sign or visit the pool to see for yourself.

Even though Park North is near downtown’s bar scene and we want this to be a fun place to live- we also want this to be a peaceful and enjoyable place to live. Right now, with the noise issue we are having at the pool(s) is making Park North an unpleasant place to live for many of our residents. Please be respectful of your neighbor and know that sound carries. Let’s make sure everyone enjoys living here.

How to stop it

If you live in an area that has a noise issue, please call the police non-emergency line immediately to report the incident 321-235-5300. Our goal is to get this issue resolved quickly. The only way this issue will be resolved is by getting the police involved. I think if we trespass enough people then the word will get out and those living at the pool will be able to get a good night sleep.

Playing your music too loud

Even though I have had great neighbors, I have heard from some of you that your neighbor’s music is disturbing. If you are a person you enjoys turning their music and base up, please remember that you share walls and ceilings with your neighbors. I think sometimes we have to be reminded, so please try to keep your music and base down. The only way to have true freedom is to move to a single-family home with a big yard. Then you can turn up your music, base, and be as loud as you like at the pool. Until then, keep it down.

We live in tight quarters and it is everyone’s job to be respect to those around them.

Tell us what you think - Take our Survey

I would like to ask that all of you spend a few minutes to fill out this survey I created. The elected Board of Park North wants to hear from all of its owners and renters. All HOA meetings are the last Thursday of every month. This seldom changes and if it changes we will post the new date in the mail room. I encourage all of you attend so that your opinion can be heard. There is an HOA structure so please make sure you either fill out this survey, post comments on this blog or attend the HOA meetings.  We want to organize all of your thoughts and concerns in one area by using the appropriate channels.

Click Here to Take Survey

I have only included 10 questions in the survey ranging from your opinion about the building maintenance to the management staff. Many of the questions are a fill in the blank because so that you can tell us your opinion versus just writing excellent, great, needs improvement, etc. We want these survey results to be actionable. Only your elected board members will see the results. If you would like to be added to our email announcements, please provide your email address when completing the survey (not required). I will use this to send you updates and other reminders.

The feedback you share in this survey will be invaluable. As I mentioned before, attendance at our meetings is poor. This survey tool is another way for us to engage our owners and renters to be able to share their thoughts, if they are unable to attend our HOA meetings. Nothing beats building a relationship and being able to thoroughly explain the rationale behind decisions, as you can in person. I think attending the HOA meetings where you can is ideal for all of our owners and renters. Kudos to all of you who attended last night’s HOA meeting! That was our biggest turnout to date!

Click Here to Take Survey

Suggestions wanted

If anyone has any suggestions on what we can do to get more people to attend our meetings or voice their concerns and opinions in a constructive manner then please click comments below and let us know. This website allows everyone to post their ideas, suggestions, etc.

On a side note (Laundry Rooms & Security)

Due to someone tampering with the laundry rooms, we had to lock the doors. If you need to have access to a laundry room, please contact Park North Management at 407-426-8300. They will register you and give you a key for the laundry room. The vandals that are tampering with the laundry room are causing water leaks which cause mold and other issues. The air conditioners in those laundry rooms are not working properly. The cost to replace them was very high. We can discuss adding this to next year’s budget if everyone deems this to be a priority.

As more things continue to be vandalized and stolen (gym weights as an example) the more we have to go on lock down. If you see any mischievous activities please report it to the Property Management or Park North’s security. If you are having a security issue please call Park North’s Security Officer at 407-625-1364.  If you see/hear people at the pools past 10 pm, or if a suspicious person is walking around the building or parking garage please call Security between Thur- Sun nights or the police non-emergency 321-235-5300. Let’s get involved and stop this vandalism and burglaries! Another condo unit was broken into this week. ADT Security presented last night at the HOA meeting. Please call the front office for the costs to get security monitoring. ADT offers a way for people without landlines to get monitored. Call to learn more.

Business Center Code

We are also struggling with vandalism in the business center. This is why the code keeps changing. If you need to access the business center, please call the front office and ask for the code before you need to use it.  If we all continue to let people vandalize our property then our maintenance staff will be spending their time cleaning it up a versus making the beautification improvements we all want. Plus, this costs all of us money when this happens.

Maintenance Needed? You tell us what should be fixed…

Some owners have spoken out about how the building is being maintained by making posts to this blog and by posting on a new website. I saw the flier in the mail room today.  I completely agree that our building needs a some TLC.  You tell us what should be upgraded, fixed or replaced and we’ll add it to the budget for 2009.

Attendance at our HOA meetings

Each month we have an HOA meeting where we discuss these issues. Each year we create a budget for capital improvements, maintenance, etc. Let us know what enhancements you recommend we make to Park North and we will add it to the budget. However, we have had limited to no attendance at these meetings so it’s challenging to make decisions which will affect all of you without your input.

Do you Think Carpets Need to be Replaced?

We received a couple of different proposals to pull up the carpet and stain the concrete. If we remove the carpets all together this will save us money in the long run. By removing the carpets, we will no longer have to carpet clean and vacuum. The building staff will need to sweep and every six months the floors will need to be treated. This style looks very sophisticated; the Portfolio Hotel floors are stained. This process will take about four weeks while the floors are being replaced and treated. The cost is about $235,000. We will be able to use a small portion of the reserve funds for this capital enhancement. The rest will be special assessed and added to next year’s budget. This means our HOA fees will increase. We also have the option of replacing the carpet for carpet. The expense will be less initially, but we run the risk of having our carpets look the same way they do now in less than two years.  Uptown next door to us has exposed concrete floors. I have asked number of tenants if they hear anything in the hallways and they said it was minimal noise. Go visit and see for yourself and then let us know which you prefer.

Painting the Interior Hallways

It’s challenging to move forward with painting the interior when we have not made a decision about the floors. Once the floors are redone then we can repaint the interior of the building. The color will be decided later. Please attend our HOA meetings to share your opinion on what color palette we use and when we should paint. We have not received a proposal for this yet so I have no costs to share with you.

Other Enhancements

Without anyone’s input, the Board is running blind. We are unable to take your opinions into account since no one attends the HOA meetings. Personally, I do not feel comfortable making capital enhancements to the property which will increase everyone’s HOA fees without the input of other owners.

HOA Fees

Last year we were told that our owners needed the HOA fees to go down. The only reason they were lowered is because our insurance went down. When we purchased our condo units from the developer in 2004  the property insurance was $140,000. In less than a year our insurance was raised to over $380,000- this happened to everyone in Florida. We were not able to budget large capital maintenance improvements because of this property insurance increase. Our insurance has gone down which is why our HOA fees were lowered. However, we did not go back down to $140k. We broke the middle.

Your Recommendations…?

What improvements should we make? Is there a limit on how much we should spend in one year? Should we prioritize the improvements? How would you prioritize the improvements?

A side note, Property Values

Some of you have stated that our property values have gone down because of the maintenance issues. Even though I do agree our building needs some TLC, I do not think it is the reason that property values have gone down. I snagged a few paragraphs from an Orlando Business Journal article that mentions the real estate market sentiment. Having lower HOA fees then most condos downtown is a selling point! If we drastically increase our HOA fees then we might force some people into foreclosure which will cause our values to continue to go down. Also, if we increase our fees then buyers might not want buy in Park North. We need to think of all of this when deciding what to do for next year.

Market Sentiment

Orlando Business Journal article June’s edition

The Florida Association of Realtors on Thursday reported its first jump in sales in Orlando-area monthly home sales since late 2005.

Association members in the Orlando metropolitan statistical area reported a total of 1,641 homes sold in June, a nearly 3 percent increase when compared with 1,595 homes sales in the same month a year prior.

The existing median sales price was $219,500 in June, a 15 percent decrease from $258,100 in June 2007.

The existing condo market, however, continued to see sales decline. June condo sales totaled 172 in the Orlando MSA, an 8.5 percent drop from the 188 that sold in the same month in 2007. The condo median price was $132,900 last month, a 15 percent drop from June 2007’s price of $156,900.

The declines we are seeing Park North are happening everywhere. So no amount of paint will fix these declines. The overall condo market will need to improve before we see our prices go back up.

Snippet take from the Orlando Sentinel

Statewide, Realtors sold 11,700 homes in June, off 5 percent from a year earlier, and the median was down 16 percent to $205,500. That means about $2.4 billion worth of single-family homes were sold in Florida during the month, down from $3 billion in June 2007.

Another 3,628 condominium units were sold statewide in June, down 6 percent from a year earlier, with a median price of $183,700 — off 14 percent. Metro Orlando’s condo market was fifth-best in terms of sales: 172 units, down 9 percent, with a median price of $132,900, off 15 percent. Fort Lauderdale recorded the most condo sales in June — 591 — down 1 percent, though the median price was down a sizable 20 percent to $156,200.

Great time to buy in Park North

I just got back from the monthly Homeowner’s board meeting. Our Property Manager pulled up the recent sales in Park North and five condos have sold this past month. This is great news. Now the bad news- those condos sold for considerably less than we bought our condos back in 2004 and 2005. However, this is happening everywhere- so Park North is not an exception.

What a great time to buy a condo in Park North! These are not exact figures. I’m doing this off memory.

1/1 sold for about $125k

2/2 sold for about $175k

3/2 sold for about $190k

Park North has condos available for sale! Keep Park North in mind and make sure to recommend a friend to stop with a real estate agent to check out the deals.

Warrantable

Park North has some real benefits over other condo complexes in Orlando. For one, Park North is warrantable. Warrantable means that a buyer can obtain a loan that is eligible to be sold to Fannie Mae or Feddie Mac (FNMA). Loans which are not saleable to FNMA (non-conforming) are considered riskier, typically with higher loan rates and larger down payment requirements. Park North is warrantable so it is considered a normal loan. Here’s the complete Fannie Mae criteria as of November 2007. Related link: Finding FHA approved condos. Another downtown condo might not be warrantable so make sure you ask!

Low HOA fees!

Another benefit is that we have one of the lowest or the lowest HOA fees for a luxury downtown complex. On average, downtown Orlando’s condos charge $.32 a square ft. Park North’s fees are only $.28 a square ft. Park North owners pay about 25% less in HOA fees than other condos in downtown Orlando.

Save money on gas

Living downtown has its benefits. You’re close to everything. Even if you might not walk to the store or dinner every night- living downtown will still save you fuel and money. If you have to meet a friend in Lake Mary or South Orlando you are centrally located so you never have to drive too far in any one direction. Plus, Park North is incredibly close to I-4 which makes driving a breeze. No more spending 20 minutes to get to I-4 now you’ll only be 2 minutes away.

Call Park North at 407-426-8300 to set get more info about buying in Park North.

Update on 800 N Orange Ave & Parking Permits (don’t get towed)

My apologies for the delay. I am an owner at Park North and I volunteer for the Board. In recent weeks, I’ve been incredibly busy and I haven’t had a chance to keep up with the Park North blog. I volunteer to write the blog to help every stay informed about what is happening at Park North.

800 N Orange Ave Development Update

It seems as if we’ve made great stride with the development at the adjacent lot once labeled Future Park. The developer, Ustler Development, is now requesting a 45ft set back from the building. This is considerably bigger than the original 3ft proposed set back. From what I understand from our Park North lawyer this is a terrific outcome for Park North. The land adjacent to Park North is zoned commercial and was purchased for commercial use. I have attached a link to the plan for you to see the proposed building. The new proposed building will not have a parking garage and will not require an easement off our land! We will not lose any guest parking spaces nor will we have to deal with the extra congestion of people coming in and out of the building through our guest parking area. The new development will be accessible off Orange Ave. The 45ft offset will be for those condos that are facing downtown. The other condos that are facing 801 N Orange building (on the side of the fenced lot- bordering to the parking garage) will only be set back a couple of feet. The building will be right against the guest parking lot line.

Check out the proposed building rendering

DON’T get towed!

Starting next month, you will need to use a guest parking pass to park in our guest lot. Please note that if you or a guest do not have your tag visible in your window then you’re car/truck will be towed at your expense. There is nothing worse than getting towed and having to pay for it! Please be mindful of this. The goal is not to punish our owners as we do not get any revenue from the tow truck company. The goal is to keep people that have no right to park there out of our spaces such as the law firm next door and the restaurant guests at 801 N Orange. I have heard the valet guys directing people to park in our lot. Our spaces are only for Park North owners and their guests.

Get Involved!

I implore all of you to get involved and attend our Board meetings generally scheduled the last Thursday of the month. Unfortunately, I probably will be out of town next Thursday and will not be able to attend. I look forward to meeting all of you.

Thanks, Renee

Seeking Additional Legal Council

Some of you have wrote comments about seeking additional legal council. Park North Association has it’s own legal council Karen Wonsetler, P.A., however, it might make sense to explore additional representation on an individual basis. One of our residence, Brenda, has already retained legal council. I had asked her to write an email so I can add it to the blog.

“Fellow Park North Owners:

I have decided to retain legal representation for my units @ Park North in relation to the proposed building @ 800 N. Orange Ave. J. Christy Wilson of Wilson, Garber and Small, P.A. is an attorney specializing in Condemnation Law. He is also representing another owner at Park North. He has met with Karen Wonsetler, P.A. who represents Park North at Cheney Place Condo Assoc. and has gotten up to date info on where the situation stands now. He has spoken to Attorney R. Payne for the City and is planning on meeting with him in regard to the “proposed easement” on the property. Mr. Payne said that Mr. Ustler’s legal team is trying to find written documentation re: the easement and admits that he thinks there is no such paper trail. If this is so that would be great for our case. In addition Attorney Wilson plans on addressing the variance that was granted to Mr. Ustler for the three foot setback from our building. If Mr. Payne does not meet with my attorney in the very near future, he is filing for Inverse Condemnation of his clients units to the city.

I believe it is important that we protect our investments not only collectively through our Association and it’s legal representation, but also on an individual basis through our own representation. One thing I do know is that if the project at 800 N Orange Avenue is not stopped, each owner does have a case for suing the city and developer for Inverse Condemnation of our properties. Therefore, if anyone is interested in seeking legal counsel, using this law firm who already is involved in this matter would be very prudent. I should add that the legal fees are surprisingly negligible. If this matter does reach the stage where a law suit takes place, the attorney fees become a percentage of the monies received from the suit if won.

-Brenda H.”

Write letters to your Commissioners

What you can do… what you need to do.

Park North’s Board of Directors and Property Manager can only do so much. If we write letters to our Commissioners, which we have, then it only counts as a couple of emails/letters. If we ALL write letters then it’s over 300 emails, letters and complaints. What has more power 4 emails or 300 plus emails?

Just start writing!

I am also a resident at Park North and what is happening here is outlandish! We need to stand up and fight for our property rights. Are you pissed off at what’s happening to us? Then start writing! We are much more powerful as a collective.

Intimidated by the process? Let me guide you through it. Start by writing a letter to the Commissioners. It doesn’t need to be legalese.  It counts more if the letter is sincere and honest. Tell them why this is upsetting, tell them why we should be heard… tell them that you are unhappy with what’s going on… just tell them!

Personally, I just wrote an email to Buddy Dyer and I’m not stopping there. It takes 20 minutes to write an email and proof it. What is 20 minutes out of your day when your investment is at risk here?

Here are the email addresses for the Commissioners:

Phil.diamond@cityoforlando.net

betty.wyman@cityoforlando.net

patty.sheehan@cityoforlando.net

daisy.lynum@cityoforlando.net

samuel.ings@cityoforlando.net

Please reach out if you’re still not sure what to do or how to do it. We are here to help. We are a community- so I am more than happy to help.

Will you spend the minutes to write to your Commissioners?

Reverse Condemnation

I’ve heard some residence facing the ‘future park’ view (city view) say that this Ustler Development will cause reverse condemnation. I’ll tell you a little bit more about reverse condemnation in a second, but first a little background.

When Park North converted over from apartments to condos all of the original owners where shown renderings that the plot of land adjacent to the building will become a city park. Why shouldn’t we have believed it? The land was owned by a Trust which was known for philanthropy (they had donated to Orlando already in terms of theaters, parks, etc) why would this not hold true now? Also, Orlando is known as the City Beautiful; however, we only very few parks in downtown Orlando. It makes sense to add another park in ‘Uptown’ (the area of downtown Orlando that is North of HWY 50).

Why would any of us doubt there would be a city park?? We saw it say City Park in all the renderings we looked at when we purchased. People facing the city also paid a premium to have a view of the future park and city! Why would someone have paid so much more to face a building parking garage???

Now the scary part.... the new Ustler development will only be 3 feet away from our building! This means that all 51 units facing the city view will now be facing a 9-story building, of which the first 4 floors will be a parking garage! These 51 units who paid a premium to buy will now have to deal with what many have labeled it as reverse condemnation.

What is reverse condemnation? Well, these 51 units facing the parking garage will be in perpetual darkness.. these units will be unsellable and unrentable!! Who will want to buy with a view of a parking garage only 3 feet away from their windows??? Seriously, only 3 feet away. This new development will dwarf our building. These 51 units will be unsellable and might be abandoned by the original owners- if we let this happen. We can destroy people’s lives by devastating their home values.

Why do many of these 51 until homeowners think their units will be unsellable? If you were a buyer and saw one of these units you would ask yourself…

Who never wants to have natural light shine through their windows?

Who wants to put themselves at risk since the fire department cannot access their units??

Who wants to hear cars driving past their windows as they circle the parking garage looking for a parking space?

Who wants to hear a car alarm go off in the early hours of the morning- literally right outside their window?

Has the City of Orlando lost it’s mind? How can they allow this? This isn’t the best use of the land! You can’t in good conscious destroy the value of all 51 condo units facing the south. Those are 51 families who paid hundreds of thousands of dollars to live there. We are messing with peoples lives!

This can negatively impact everyone living at Park North and potentially Uptown condos, too.

When you want to sell your condo an appraiser will do what is called a comparable. They compare your condo against some of the other condos in your building and the buildings next to you. If these 51 units lose their value, this will negatively impact everyone living at Park North in relation to condo values. This might also impact Uptown since they do comparables with condos nearby.

Are we going to allow the City of Orlando and Ustler Development lower our condo values/investments??? Are we just going to let this happen?