This is what I would call a nearly visionary project. it is something that will provide an exceptional and unique lifestyle and hopefully inspire others to follow suit. It will bring national attention to the city for development:
As reported last year this project will fill a great spot and help connect downtown. However, I think it will magnify the lack of retail demand. Adding 16,000sf of commercial space is going to continue the blacked out first floors we see on so many of the newer projects.
The benefit of having the River City Company to spearhead these kinds of deals is really of tremendous value. Their ability to impartially push projects forward and have the funding to consolidate properties is such a huge benefit.
The Alstom project is moving quickly:
I completely agree with Corker on what downtown needs:
Adding to the more than 1000 units already being worked on in the Southside is this little reuse of rail land. It shows the demand and people whining about parking will need to get used to it. It’s never going to get better.
I was told this lot was available for $2m. It’ll be interesting to see how this project is received. The view lines will be unrivaled and the price point sounds pretty reasonable. The North Shore continues to be the place to be in downtown.
In case you missed it this weekend 190 new units were released to market…watch this one closely to see where the market is. Keep in mind that Wise is going to be finishing more units just up the street in less than six months. Can you say saturation:
Change is hard. Growth, while a good problem to have, will bring with it more. More traffic. More noise. More people. That’s what growth is…
This smaller project shows the interest in apartments outside of downtown. It remains to be see what the market response is to this and the larger project announce a couple months ago. With pricing similar to downtown it’s not clear the appeal. We shall see: