Landmark Towers was converted from apartments to condo's in 2005/06 and the developers made the units look very appealing. However it appears that they did not take into consideration the older mechanical condition of the 40 year old building.  The HOA over the past couple of years had to replace the buildings chiller which supplies all the air conditioning for the entire building which resulted in much higher HOA monthly payments by each of the unit owners.  Many owners that paid near 200K for their units in 2006 have walked away or sold them for much lower amounts.  Near the end of 2008 almost 20% of the units in Landmark were owned by lenders that had foreclosed on the units. 
     This year only 9 units have gone back to the lenders and 55 units have sold (mostly in the 30K to 70K range).  As of today there are 16 units on the market, another 5 on the market with contingencies, and 16 pending sales.  The prices for units today range from 39K to 170K.
     The HOA dues for a 702 square foot one bedroom unit are about $470/month, but that includes the air conditioning, electric, and heating for your unit along with water, sewer and trash.  The concierge service was eliminated but they still have someone at the front desk 24-7. 
     I would consider having my clients purchase in this building again, however they should take a good look at the information they get from the HOA during the inspection period to make sure the repairs are being completed, the reserve account is fully funded, and there are not any pending special assessments (that is what else mechanical in the building will need to be replaced in the next few years, and has money been budgeted for that?).