Quote:
Originally Posted by Gilamonster
I tend to doubt the West End will "take off" or improve any more than the city is simply improving as a whole, but Kossman Development better hope so if they are planning a new mall. While not the only reason that the mall died, it is pretty well known that the retailers at the old Parkway Center Mall had serious shrinkage problems and I think a significant amount of that merchandise ended up"down the hill".
And AaronPGH, great point. On-line retail has been steadily growing for a while and it will only continue to do so even without Amazon's same day delivery program, but once that kicks in, oh would it be great to be holding a short position in retailers and commercial property owners.
|
I personally think the "West End business district" will spur "hip/cool growth within a mile or two around it. BUUUUT, communities such as Sheraden, Ingram, Crafton" whilst having some amazing building stock many times, just don't have very good access to amenities in my opinion. Those areas are the least attractive to re-development IMO.
Think about it. Within the city limits, the East has SO many development and things to do; The north has business districts and historic neighorhoods as well and easy transportation; The South neighborhoods (discounting the southside which is a huge draw unto itself), although you have tunnels connecting many desirable and attractive areas such as Mt Lebanon, etc has a great quality of life AND rail line; But what about the West? There you have some of the worst crime and very few amenities. I'm looking at you: McKees Rocks, Esplen, West End, Sheraden, Ingram, Crafton, Fairywood.
Am I wrong in my assessment? I wish I were.
In addition to low amount of amenities it is also slightly farther from the hot/hip neighborhoods than anywhere else in the city.