The timing of a condo buildings grand opening can have a lot to do with the immediate success of the total project. Due to the economy and glut of condo product now on the market developers that don’t have to open are thankful.

Yet one project in Kentucky is hoping to buck the trend and attract buyers in spite of the poor economic conditions. SouthShore Condominiums in Newport, Kentucky have just announced their open house for the 17-story high-rise made up of 65 luxury units.

The sales stats at this stage are better than one might guess as 60 percent of the condo units ranging from $300,000 to 3M are reportedly sold. The combination of location, amenities and a relative number of units priced affordably may have something to do with the apparent success.

Southshore is waterfront property with a forthcoming boat marina and does not have to compete against the same glut of condos on the market hindering some more popular US markets.