Quote:
Originally Posted by We vs us
I'm pretty sure that, regardless of the stated goals of the Episcopal Church, prospective tenants will raise holy hell about ARCH and its problems. In fact, I wouldn't be surprised if this project becomes one of the major nudges to get ARCH et al moved out of downtown for good. It just presents such a huge, visible risk to anyone wanting to be part of that block.
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And from a "saavy" investor point of view, who wouldn't want to get a condo here? Honestly you'd be betting that the ARCH moves sometime in the next 10 years, and the moment it does, the condo's value goes up 1.5x
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