What Happened to the Charlee or the Charly in Medellin?

Robert Jorge says on Oct 11, 2009, 17:35:

The story is that the last 10 or 11 rooms have not sold and they are having problems finding buyers. The construction has just started from what I can tell. They were unloading rebar for the cement work 3 days ago. The hole is there, and maybe some of the foundation has been poured. But that's it. I'll check on it in a 1/2 hour - just heading down to that area to get some dinner.

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nbenjamin says on Oct 11, 2009, 18:04:

Keep me informed, it is pretty interesting. Do you remember, by chance, when it was suppose to be finished? Any chance at getting good deals on the places now?

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dwmte7 says on Oct 11, 2009, 18:27:

benjamin............you still back in LA? hope all's well with you and the lady.
douglas

patriarch

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Robert Jorge says on Oct 11, 2009, 19:46:

I didn't really follow it - I have no more information on what's happening with it. Right now they have half the street roped off and a barrier around the property. Looks like they are starting the verticle cement forms for the structure. I know, from listening to others, that it was supposed to have already been completed.

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nbenjamin says on Oct 12, 2009, 10:56:

Thanks for the info Jorge. I remember way back a eyar ago everyone was talking about this place as some great investment so I would love to see it.

Doug - Yeah I am still in LA. Life is pretty good.

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Robert Jorge says on Oct 12, 2009, 13:25:

A couple of the guys here think it is a foolish investment.

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bickerss says on Oct 13, 2009, 07:13:

Had a quick look last night; seems the first level is up. They are doing another project in El Penol; very upmarket.

Investment Strategy - buying when others are crying!! Offloading when others are gloating!!!

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Escape Artist says on Oct 13, 2009, 08:58:

The Charlee hotel is currently under construction and has been for several months and as bickerss pointed out the first level is up. There were some serious delays in construction not due to any financial reasons but due to encountering numerous large boulders. With the proximity of the nearby buildings dynamite was out of the question so they had to hand drill each boulder to break them apart and remove them. This process was obviously very time consuming thus the two month +/- delay. The hotel was original scheduled to open some time in the spring of 2010 but as of now it appears it will open some time in the summer of 2010. As far as remaining units remaining to be sold, it is my understanding there are only a few, 3 or 4, units left to be sold.

EA

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PoorButHappy says on Oct 13, 2009, 15:08:

I was in Lleras today and walked by the hotel Charlee and what I saw was they were working on the third floor (two floors were subterranean). I spoke with a worker on site and he said they should have another floor up by next week and they are scheduled to do about one floor every week and a half.

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Robert Jorge says on Oct 14, 2009, 22:50:

Damn, that's fast. I saw with my own eyes the place didn't even have a solid foundation 6 days ago.

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bam m says on Oct 16, 2009, 00:30:

is this the place that is selling closets?? something like a fuking 80 meter apto.....my god...its like a bathroom..

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Escape Artist says on Oct 16, 2009, 16:32:

bam m:

If you are under the impression the Charlee Hotel is an apartment complex please allow me to inform you the Charlee Hotel is NOT an apartment complex, it is a boutique "hotel" with 43 rooms. That being said please also know the rooms being sold are, on average, the largest "hotel" rooms in the area. For your information the building will also have a two level gym, a spa, a ground level (or close to it) restaurant/bar, business center, small subterranean parking area and a rooftop pool/bar.

EA

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Escape Artist says on Oct 16, 2009, 16:44:

I know the developer.

EA

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Saltador says on Oct 16, 2009, 16:46:

bam may not know the difference between a square meter and a square foot?

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Escape Artist says on Oct 16, 2009, 16:49:

I won`t hold that against him. I do however know many people are misinformed or simply don`t have a clue about the project thus my input on this thread.

EA

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bam m says on Oct 17, 2009, 11:48:

well...lets say that our small PH apto. was 750 meters in cali...until we bought the roof for another 250 meters and did a 400 MM cop remodel on just the roof

...yes..i konw what a 10k sq ft apto is...(4 masters plus a servants quarters only) why don't you ask some members here that have seen it...before you think i don't know the difference between a square meter and a square foot...

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