Quote:
Originally Posted by Buckman821
Aside from a reduction in apartments (perhaps they were supposed to be condo's a long time ago), the plan is basically the same. Actually the fact that they reduced the number of apartments is a little bit of a head-scratcher since multifamily is flying off the rack right now. There's probably more demand for it now than there was when former plans were released. So I definitely wouldn't say the old plan was pre-bust and therefore does not make sense.
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^ They must be predicting a glut of apartments, especially with SoNo coming on the market.
But besides this, I don't see any other large residential development occurring nearby. All we do see is retail, retail, retail.
And that may ultimately be the kicker. With this turning into a giant big-box retail zone, it probably has limited appeal for residential. Of course, that all depends on your perspective. I for sure would love to be able to not only walk to all of these stores & nightclubs, but live across the street from a subway stop
Too bad so much of the retail in this area has been designed so poorly.