Quote:
Originally Posted by Terminus
Well, as a resident, you should pressure your council person to outlway EIFS (fake stucco) in the City. Of course, do recognize that this will virtually kill any affordable multi-family housing in the city.
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I understand that it's cheaper in the short run, but the life expectancy is much shorter and it just doesn't hold up. I just have this horrible feeling that in 10-20 years everybody's going to be looking at this nasty crumbling EIFS construction and saying things like "god, how dated! that is soooo turn of the century. What were they thinking???"
These people could be facing some serious condo assessments down the road to maintain and refurbish this stuff.
I'd much rather see quality construction up front, and builders building housing that will be there for generations or even centuries, not the throw away stuff -- even if it's more expensive. The housing will become "affordable" as the building ages and newer "hotter" buildings become available. Then you still come out on top in the long run with lower maintenance costs and a building that maintains it's looks and desirability.
Unfortunately, there's just very little old high-rise housing stock in Atlanta, the number of older condo conversions from buildings in the 60s-90s, you can count on one hand. (Like the Peachtree, the Landmark, Peachtree North, etc.).
But give it 15-20 years many of the towers we are so excited about today, Metropolis, Museum Tower, Spire, will become relatively affordable "b" and "c" stock. Outshined by towers we haven't even imagined yet in neighborhoods that have yet to have their moment in the sun.
I imagine that Atlanta will finally be a mature urban housing market when one day there's a couple having a conversation like this (circa 2050):
"Well hon we've looked at all those new highrises in downtown around the multi-modal station but you don't even get a view unless you at least above the 40th floor, that big new Marietta Plaza IV in West Midtown is nice, and so are the ones overlookin the new park they built over the connector, especially that tall retro deco tower they built over the Varsity, but they're just so darn expensive."
"Yeah, true, but we just have to look at more affordable housing. Maybe we should look over in the old Midtown Peachtree Corridor, that area has all those older towers. I understand they just saved Metropolis from demolition and named it a historic building. Those older buildings don't have all the new stuff and they're kinda dated now, very turn-of-the-millenium and all. Peachtree Center is kinda quaint now being a historic district. I kinda like the period stuff that John Portman's new clone is building over there."
(Also just a prediction - but in 25 years at least half the existing housing at Atlantic Station will be gone/redeveloped through market forces.)