Quote:
Originally Posted by M1EK
The fact that nobody builds higher in this part of town than that, I suppose. And I'm very familiar with them - rode my bike up Balcones hundreds of times on the way to several offices; and took my wife in for a couple appointments in the newest buildings.
They're accessible from Mopac - the newest ones are, anyways, and yes, the frontage road becomes Balcones at North Hills - but to the suburban driver that's no real difference; it's the frontage road unless they have to make an extra turn. (I'd ride my bike northbound up Balcones from Hancock to North Hills and then hang a left).
Agreed that the parcel behind Randall's is less accessible. I was just making the case that the reason it was profitable to develop the new stuff at relatively low-density farther north but not profitable to redevelop the old stuff at the same density further south is that the property further north can generate a lot more dollars per square foot due to better visibility and better automobile access from Mopac.
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Well, who knows, the demand for office space isn't exactly on fire, so time will tell. I bet they still get redeveloped within 5-7 years. At the very least, that Randall's will be redeveloped, there's no way those affluent Cat Mountain people can tolerate that! I hope they don't just shut it down and build a new supermarket at 2222 and 360.