Quote:
Originally Posted by We vs us
Burnet had a moment a couple of years back where it seemed like a lot of much denser redevelopment was possible up and down the strip -- from 2222 up to Anderson Ln. A couple of major apartment complexes were built, some of the shopping centers were rehabbed. And then there was a goodly pause. Not sure if that's a function of the neighborhood squashing projects, or a lot of recalcitrant owners, or what. But there're a lot of ripe plots up there for bigger and better building; maybe we're at another inflection point.
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I wonder how much of it is the limbo the new land development code was stuck in. Why start a new project if entitlements on that plot are set to double or more?
Now that it's looking like the new code is mostly status quo*, stuff may be moving again.
For instance, the 7113 in the newest draft map is MU5A-Q
The -Q is critical, because it means that it doesn't have any built in residential entitlements. They'd have to do the bonus program to build _any_ residential. So might as well try for a rezone and lock in real residential entitlements?
*Council gave the (IMO extremely short-sighted) direction to not add _any_ new rights**. This maximizes bonus unit counts (i.e. maximizes affordable units) but at an extreme cost to market-rate unit count.
**okay, not strictly true on small plots. But for any large plot (commercial, large scale MF) base entitlements are by-design staying basically the same.