Quote:
Originally Posted by phillyscooter
I dunno...that area has seen activity...its not that far from Italian Mkt, and the shops at 11/Wash do well (viet huong pho is yummy)
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I am not saying the area won't progress. Somthing like target or Home Depot or Wallmart or other middle class retail would be ideal and successful. But hi-rise residential in these times means high construction costs which means luxury housing which means rich people who won't be drawn to this area IMO. Low rise, economically built residential and retail would be a sure thing. The problem is that this isn't the most profitable for the developer. Dranoff recognised that with his low rise project for the area.