Quote:
Originally Posted by enigma99a
No way a simple mid rise goes on this lot. Far too much money has already been sunk into it. They basically have a 70 million dollar piece of land right?
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Honestly given this market I would say nothing over 28 stories gets built and if I’m wagering money then I would say 12 to 16 stories for residential with a large component of parking. I think Cal PERS will want to monetize that site with as little risk as possible. Parking in such close proximity to the Golden 1 Center might do that.
Side note: Travis, thank you for your perspective of development in the central city. A lot of us are fans but few have your expertise or connections. I always appreciate reading your point of view.