Posted Aug 6, 2013, 6:13 PM
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Registered User
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Join Date: Jun 2011
Location: Uptown
Posts: 641
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I do suspect there is an element of land banking in the Cedar St./FLATS model and they getting a lot of press for their moves in Uptown but they're certainly not the only player in the neighborhood which has seen a flurry of interest over the last year; Imperial Realty Co. has apartment plans at the Combined Insurance Building on Broadway, the Somerset is mid-renovations, Horizon just finished a mid-rise on Sheridan, Maryville seems destined for apartments, etc.
Whether it's a knife catching party or an actual game changer is yet to be seen but the recent developments and looming infrastructure improvements are noteworthy.
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