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My theory is that Vidorra is right now situated in a part of the city that is very detached...Yes there is Sunset station, but to be honest there isn't a WHOLE lot of nightlife/energy/convenience to that part of town, coupled with the fact that the east side is just not very pretty....yes I think Vidorra will be a nice addition to our skyline, but it will take some time before the east side of 37 is going to be an attractive place to live IMHO. Lets take the Vistana...that was just announced like what a year to maybe a year and a half ago...and they are already doing construction on it! Vistana is in an up and coming part of downtown. Its in an area close to UTSA downtown, Houston Street, walking distance to the financial district and the riverwalk .... its in a great location!
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I agree to a large part....
BUT I think it is important to note that the economics of making an apartment building work (or a hotel for that matter) versus the economics that drive a condo building are VERY different.
Apartments build and then lease, hotels do much the same - therefore they can go up faster, since the sooner they open the sooner they make money.
Condos have to sell first. Money is made when enough units have sold. Build too quickly and the project will bleed money...