View Single Post
  #20  
Old Posted Dec 13, 2015, 5:38 AM
Bigfoot Yancey Bigfoot Yancey is offline
Registered User
 
Join Date: Feb 2014
Posts: 29
Quote:
Originally Posted by WorldTexas View Post
I have a question that popped into my head thinking about how downtown's changed in the last ten years and the new announcement at Hemisfair -

What changed from the last boom to this one that led to more interest in low rises along the fringe?

During the last building cycle, we got 3 tall downtown residential options - Vistana, Vidorra, and Alteza. And one tower farther out - The Broadway. This time it's all been lower height options in Southtown and around Pearl.

I understand the condo finance rules changed, but Vistana has been full since it opened. Yet no new mid-rise apartments 'til Hemisfair.

Did construction costs go up? were those anamolies? ... Ideas?
I have no idea about the economics but if I were to design a strategy to urbanize the huge area of underutilized property in and around the center it would involve a whole lot of 4-5 story mixed use and other infill. Not to discount the idea of mid rise but it is far easier to cover a lot of ground and begin to give people the feeling of choice without a car. I would take 4 square blocks of 4-5 story mixed use over a Vistana, and certainly over the other cheap condo projects. If it is a policy objective to expedite infill development whether low or midrise, it would make sense that the subsidies and fee waivers continue to be based on unit count rather than density.
Reply With Quote