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Originally Posted by Urbanthusiat
Not terribly surprising for this kind of land at this location. Developing with an institution like the Catholic Church pretty much guarantees success on the project for the developer. Institutions can make a long-term commitment to the project's success and can tolerate short-term losses, unlike for-profit investors. That's why the LDS was able to do such a good job with 1601 Vine. Good taste is one part of it of course, but the church isn't going anywhere, and if they want the lot to be developed, it will get developed one way or another because they're in it for the long-haul.
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It's a very different scenario actually, although I hope the outcome netshigh quality work
The Archdiocese is leasing the property to a developer. And, other than selecting the best developer and their plans, the church has nothing to do with the design or development. The Alexander, on the other hand, was developed by a private RE development arm of the LDS church.
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