I'm going to be absolutely pissed if they don't move on construction soon after the demo. This area is hurting for amenities after losing so many top-notch ones in the last few years, most of them in this one strip.
That blank wall is atrocious. I'm not one to believe anyone is entitled to views, but that's one giant 🖕 to anyone in any of the existing nearby buildings who have a unit facing it.
A large residential project is only being built "because of" the pedway? How much weight did that factor have on the decision to build? By how much does it affect projected rental income? Is the market that much softer for projects without pedways, or is the CRL now just going to be used to...
$26M out of a fund meant to revitalize downtown being used to keep people from having to contribute anything to the vitality of downtown was always an expensively bad proposition. It should never have been approved, and at least should have been cancelled when opportunities to do so were present.
1. Build a new courthouse without any plans for the old one
2. Let the old one continue to fall into disrepair until it's beyond saving
3. Demolish without any consideration for architectural or structural value, at inflated cost
4. Leave yet another downtown lie site fallow and vacant for years...
My best guess is they'll offer units at these prices and lock in as many leases as they can for those willing and able to afford them, then start bringing them down closer to the rest of the market as uptake slows.
Just conjecture, but trying to bilk as many people as you can for a slightly...