At home in Fourth Ward: Ivey’s Townhomes

Iveys-Townhomes
Street view of the Ivey’s building. The exterior is unchanged from its heyday as a department store.

With the building boom going strong Uptown and the trend toward more urban, walkable space, now is the perfect time to consider a Center City address. One of the more affordable Uptown addresses is in Ivey’s Townhomes at 127 N. Tryon Street.

The building, completed in May 1924, has a rich history as the former site of an Ivey’s department store location.  The six-story building was renovated in 1995 and now consists of 66 condominiums and ground-level shops and dining.

Residences in Ivey’s range from 1,000 square feet to 4,000 square feet and are priced from the $200,000s to more than $1 million.

Besides walkability, there are perks to living in an upscale condo building Uptown. Ivey’s has 24-hour concierge and security and private, secured parking.

The condos have hardwood floors, large floor-to-ceiling windows and contemporary designs with high ceilings.

Currently, there are 2 units available in the building. Both are third-floor, 2-bed, 2-bath homes priced at $375,000. One of the homes is under contract as of Feb. 14.

In the last 12 months, 4 units have sold in Ivey’s for an average sales price of $367,300 and an average price per square foot of $234.

The Avenue, a newer 36-story residence in the Fourth Ward, has 20 residences for sale as of Feb. 14. That is approximately 5.6 months of inventory for that building. Ivey’s has 8 months of inventory.

Fourth Ward is in the northeast quadrant of Center City. Its boundaries are Tryon and Trade streets and the 277 business loop.

Fourth Ward is home to Discovery Place, Gateway Village and the Fillmore. Ivey’s is walkable to a myriad of Uptown locations such as the EpiCentre complex, Blumenthal Performing Arts Center and Time Warner Cable Arena. The light rail makes the rest of the Uptown and South End very accessible.

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