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Originally Posted by DKNewYork
Misleading and inaccurate. ANSYS Hall has been under construction for months so why announce it now? I guess that BCJ wanted bragging rights to two ongoing CMU projects. The article also states that ANSYS Hall will be completed in summer of 2020 while TCS Hall, which is three times larger and not yet under-construction, is set to be completed in the spring of 2020. Is that possible?
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I knew the permitting had gone out, but I don't really venture on CMU's campus often (last time was for a concert like eight years ago), so I had no idea construction was underway.
Quote:
Originally Posted by BenM
This is a shame.
Is the value of the land with prospects for development into mid sized food/retail that much greater than that of renovation of a unique architectural building?
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In this particular case it must be. Churches are hard to retrofit into other uses in general, and given in this particular case it's just behind a much larger Methodist church, there's no particular reason for the owners to keep it operational.
Also, due to being boxed in by the (unfortunately) newly-constructed Wendy's drive through and Levin Mattress, there really isn't enough land here for one of those new 100+ unit apartment buildings. The plot's significantly smaller than even Doughboy Square Apartments, which was only a 45-unit building. Basically UNC's parking requirements likely screw denser development for now, as structured parking would be required for almost anything greater than a one-story retail building, which would cause costs to rise through the roof.
I really don't know if the Starbucks is still a go, but if the original developer (Ross Development Company) is still involved, they are almost certainly not well capitalized enough to do anything interesting.