Quote:
Originally Posted by marothisu
LOL - it's only overbuilt if you're used to a neighborhood where everyone has around a quarter acre back yard or more.
Reminds me of some people in West Loop who think that West Loop is too overbuilt even though there are vacant lots still and underutilized 1 story buildings. Though they probably have more of a point than this group - but that's not saying much.
|
They may be wanting to avoid the spread of this:
https://goo.gl/maps/Tzur1269ncbadzTv6
And they are likely looking at the chunk of blocks to their north as something to emulate, given the property values there; all the blocks within Foster-Clark-Bryn Mawr-Broadway are RS-3, whereas the area in question south of Foster is mainly RT-4.
Zoning is too blunt of a tool to block overgrown condos, but I don't know what else there is to work with given the way that builders build for the market. Maybe they're thinking that the land in that area isn't valuable enough for it to be sufficiently tantalizing to builders to tear down the existing stock and replace with an equivalent or less unit-dense property, so the downzoning staves that off. They're only buying time, though...