You both couldn’t be more wrong. You can easily do multi family in Crescent Heights. I guess you don’t get downtown much, as thousands of people walk and cycle downtown every day from that area.
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Originally Posted by You Need A Thneed
The top of crescent hill isn’t a particularly good spot for multi family. Despite being close to downtown, it’s not particularly easy to get downtown by walking or cycling. Not great for traffic access either.
There’s a lot of places that should be upzoned first.
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You don’t need a whole block to do a multi family development. He wasn’t suggesting a re-create if East Village, all he suggested was putting up multi family developments along Crescent Road. Two of any large houses can be taken out to put a 30 unit building up easily. With the kind of use you would get from Crescent Road the units would be worth a lot of money. It’s not rocket science.
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Originally Posted by accord1999
To do that, you would have to massively overpay, especially considering many of the owners are already rich. To get a good sized block would probably cost $75-100M based on current assessed land value, unless you were willing to wait decades. And even then, you might get outbid by private individuals who are trying to get lots to combine for their mansion.
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