Originally Posted by Spaceman
I'm afraid our high-rise boom is waning...Of the two large hotels, Marriott and the Fairmont, don't be surprised if only one breaks ground in the next few years.
Remember the seventy story county building and the planetarium reaching half way to the stars...I have my doubts on these..
Developers should be admired for their bold visions but they also just like seeing their names in the news. Cheap advertising..
First what will drive the highrise boom is the demand for hotel rooms and apartment units, both of which are in great demand and in short supply.
The Marriott is moving forward through the city's development approval process. Right now they've submitted their permit for 3 tower cranes.
I would be less confident about the Fairmont. I haven't been able to find much to indicate they're moving forward at this moment, HOWEVER, they stated they don't plan to break ground for a year anyway, so we'll see.
And as for the "70-story county" building, well that's just misinformation. The 70-story proposal in that project doesn't even exist. It was only a mention of what COULD be built there. They could also build a 1-story, 50-story or a 70-story building there. The 70-story number was just to indicate what could be built. And the 70-story portion of the project has nothing to do with the county's property. That portion of the project would be a private development. They said the county's courthouse and offices would likely be around 17 floors.
And as for the planetarium development with the residential project attached, the fact that they showed a rendering with it proves they are far enough along in the development process to have hired an architect. Do you really think a group of astronomers put down their telescope and picked up a pencil to draw the tower? Besides, the residential tower would likely be a private partnership with a developer who would kick in some funds for the planetarium. The rest of the funding would be raised through public bonds and private donations.
The biggest threat to all of these projects not happening is the economy, in which case it won't be just our building boom waning, it'll be everyone's. Every city will feel the pinch.