Posted Mar 7, 2011, 6:09 AM
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Registered User
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Join Date: Jun 2004
Location: Chicago
Posts: 7,297
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It was a horrible idea to begin with, and a terrible idea to resurrect. These suburbs in the city concepts don't work out. They look good on paper, but fail to live up to their promises in reality...and that's the thing...it failed and they are trying again?
This has been done in Detroit, just off Jefferson, but was a success due to the proximity of the riverfront. Additionally, the Jefferson corridor is suburban in nature and has viable retail and strong residential base to at least keep the area desirable. Smith village? The area is run-down and good intentions will become hood intentions. The fact is location rules supreme when it comes to building new residential development. They should be focusing on building high density residential within the downtown core for new young residents and even students, not way down the street where there are boarded up buildings and empty lots.
The niche market for these homes is too small. Who is interested? The folks with some money who wish they could live in the suburbs, but love the city too damn much. So yeah...six buyers basically.
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