Quote:
Originally Posted by midwestrabbi
This new building that is being built on Dexter will be class A office space, right? What about the Regions buildings are they full and the Bell Building and the Union Bank Building ( Montgomerys tallest for 25 years ). Are these buildings fully leased, and as much as I like to see new buildings built especially tall ones is there a need for this space ? I remember when Atlanta overbuilt several years ago, I now live in Denver and it seems like every week we hear of a highrise being planned. What is the occupancy rate for office space in downtown Montgomery ? I hear that Colonail Bank moved their H Q out of downtown is this building now empty, and then there is One Court Square ( Old Pizitz Dept. Store ) this was at one time Class A space. I just read where someone said that around Court Square it is desolate, where are all of the people who occupy these offices ?
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I can speak regarding two of these buildings:
Regions Bank (8 Commerce Street): Lots of empty space.
Regions Tower (60 Commerce Street-Old Union Bank): A ghost town. Some floors only have 8 or fewer people on them.
I hear conflicting reports on the sale of the Regions buildings. It was close to a done deal; now it is not.
Someone else will have to address the other buildings that were mentioned.
I saw the WSFA Editorial (in favor of the new building) last night and read comments (also in favor) from the Governor in
The Montgomery Advertiser this morning. Gov. Riley's comments were particulary troublesome:
Riley not against RSA renovation
Gov. Bob Riley said he is not opposed to plans by the Retirement Systems of Alabama to build a 12-story office building where the old state Supreme Court building stands.
"I looked at a drawing and it is a beautiful building," he said. "I would say it is very attractive."
Asked whether or not the building might spoil the view down Dexter Avenue from his office, Riley said he didn't know.
"I don't spend much time looking out the window, so that doesn't really matter," he said.
-- Cosby Woodruff
If the Governor does not appreciate the view, I think we might have a problem.