Quote:
Originally Posted by ThreeHundred
Simple: The Historic Core. There is a slew of old buildings that are still either underused and/or totally empty. It wouldn't make much sense in building all these brand new apartment/condo towers when we already have a stockpile of fine and dandy early 20th century buildings.
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I would think that new construction has a market of its own.
Quote:
Originally Posted by colemonkee
Prior to the housing burst there were two active and one quasi-active proposal for 30-story towers east of Broadway: Vibiana Tower on Main Street (35 floors), 8th and Spring (32 floors, from the developer of The Chapman), and Barry Shy's 30ish tower near 8th and Spring. While I don't expect any of these plans to be built as originally proposed, I wouldn't count out high rise development east of Broadway in the long-term. Obviously prices or rents would have to correct enough to make a high-rise financially feasible, but developers have certainly considered it very recently and I would expect it to come up again in the future, though not in the near term (1-2 years at least).
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The Barry Shy proposal was for a 40 story building, and is still active. So active, in fact, that he included it on the paining of his newest building, one that opened only just last year. This means that, at least as of last year, the building is still going forward.
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