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Old Posted Feb 15, 2018, 5:23 AM
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hammersklavier hammersklavier is offline
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Quote:
Originally Posted by James Bond Agent 007 View Post
The emphasis on residential construction downtown is on renovations, rather than new construction. There has been a lot of new construction in the Quality Hill area and River Market, but elsewhere downtown it's mostly renovations of older office buildings, etc. So, when you look at downtown on Google street view and don't see anything "new," that doesn't mean there's no activity, it's just that there's no "new" buildings, per se, just renovations.
Expanding on this point, you also don't usually see much in the way of new construction until most of the existing stock is renovated. So having a lot of existing stock has the side effect of delaying new construction.
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