[Crapht]

Originally Posted by thistleclub

Effort Trust is not about historical restoration or piazza development. They're about lending life support to fugly commercial properties and outdated residential.

Credit for building Centre Point Plaza goes to the late Jack Beume, survived by a real estate company that's like a scale model Effort Trust.

Centre Point Plaza occupies a land area around 80% that of the Tivoli lot, and it sits on two corners. My hunch is that its owners know what the property is worth, and it's exponentially more than the discount bin valuation assigned to the Tivoli transaction, even if they just take a page from the Diamante playbook and flip the holding.

Rain on my parade. I was only dreaming. I knew part of that story. It's unfortunate and should not be allowed to happen.