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Here is what I'm praying for before another recession/economic collapse hits which I think could be in the next year to late 2019: 7th and Market come on people lets make a deal with these damn unions and get this transformative project going. Plus having an imposing 500 footer in that spot will do wonders for the overall skyline.
BOSA tower across street from PAC Gateway: Another 500 foot tower here would complete an impressive cluster of towers. Manchester Pacific Gateway: Will this ever get financing? Hmmm I'm surprised no one at the UT or any business Mag in town has done an analysis on why it can't get financing. Joseph Tsai new downtown arena: Will he unveil his plan soon? I think we would all be satisfied if the above projects along with what has currently broken ground get going before the next big downturn. |
Nice list Mello.
Why do you think there will be a recession? |
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I suspected that it was the "experts" predicting a recession...for political purposes.
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7th/Market: my understanding of this union thing is that the developers won a court case in October of last year, and they technically could have begun construction but they wanted to be conservative and extra cautious in case it was appealed and lost. From the scant information I can find, it was widely expected that if the case was appealed the developer would still win. What I can’t find is any information on IF it was appealed and WHEN the appeal would be decide on. I’m worried there might be something else other than the lawsuit like someone getting cold feet or like you say fears about a recession playing into it. Pacific Gateway: this just baffles me. I thought this one was a go when they started to break ground, but then it just halted and there has been no action for awhile. Did they have funding that fell through, or did they never have the funding to begin with? This is supposed to be the most valuable undeveloped coastal property on the West Coast of the U.S., it’s a pretty significant piece of land. I’m really surprised they can’t get funding. I’m wondering if there’s something more to this one too. |
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Speaking of China, I found this interesting. Bosa’s development Savina has language options on their marketing website, English, Spanish and CHINESE. https://savinabybosa.com/?utm_source...SAAEgKbovD_BwE I don’t recall ever seeing this on a project in SD, but know it’s common in bigger markets like LA, NYC, SF. Mello, you were discussing previously about why luxury condos aren’t marketing more to foreigners in particular wealthy people in Asia. Maybe they now are? SD might be starting to get some attention in these markets? |
7th/Market detail
7th/Market - In case anyone was wondering why the union(s) are battling that project, it's because Ritz Carlton and Whole Foods are both non-union companies. The unions are trying to squeeze the developers so they change the brand to a union friendly hotel or kill it altogether (the latter I doubt they really want, but all's fair in love and litigation). I think the hotel brand is more the issue as opposed to the Whole Paycheck in the ground floor.
I think it will happen and look forward to it (barring a recession), but going through the courts in CA is the slow boat to China unfortunately. Oh and the "Carlsbad rejects 4-story, mixed-use downtown project"....I love how people in those beach communities still think they are these cozy little places....that ship sailed a long time ago. Particularly Carlsbad which can be argued is the capital community of North County. |
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BTW, here is a great youtube video re: 7th and market project.
Video is 2016 but has good interview w the developer. You can hear the logistical stress in his voice. https://youtu.be/qjdZVHea4vo?t=19m10s |
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"In his suit , Kracov contended that city approvals last year relied on an outdated 2006 environmental analysis for all of downtown instead of individual reports that would have specifically analyzed the environmental impacts of the 7th & Market project and the hotel development planned for Seventh and Island avenues." The only thing this situation is missing is Cory Briggs trying to profit from the litigation.... |
Have you guys heard of the 94 freeway expansion?
Apparently they're adding two lanes each direction which means destroying some homes in Golden Hill and Sherman heights while getting rid of the on/off ramps |
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And if it's only the 28th street then that's fine with me, there's ramps on 25th and 30th Are they still doing the lid on it? |
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I'll hold my judgement until I hear from a realiable source but yeah... fuck that. |
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As for the park lid and possible BRT station at 25th street, no clue. It was a community request, not SANDAG plan, so who knows? |
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http://www.dot.ca.gov/d11/projects/94Express.pdf |
I went to an open house meeting re: the lid between 25/28th sts about a year ago (joint SANDAG/CALTRANS meeting). The numbers thrown around the room were astounding. I can't say for sure what they were, but I want to say $100 million at least (for the lid, lanes, and interchange). In comparison, the SR 163/Friar's Rd project currently underway is budgeted for around $71 million, per SDUT. I don't have a source for the SR 94 express, project, sorry. Essentially, they gave us the message that money would have to be identified before this moved forward. SB 1 may in fact be that source, unless it gets repealed. FWIW, I'm in full support of freeway lids in *concept* and SB 1 (gas tax for transpo funding).
CADOT 94 Express: http://www.dot.ca.gov/d11/projects/94Express.pdf SR 163/Friar's Rd http://www.sandiegouniontribune.com/...519-story.html If someone could explain to me why freeway lids are so $$$$, please enlighten us. |
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