Quote:
Originally Posted by YourBuddy
Yea everyone would like some 700’ skyscraper downtown, but we don’t even have consistent buildings over 400’ yet. Any change to the skyline would be nice, but I’m more concerned with just getting people living downtown in a safe and enjoyable downtown. More people living downtown is more attractive to businesses or developers who want to build big projects.
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I said this years ago but it is still true, perhaps more true.
Businesses are not going to pay more to locate downtown unless there is some level of Cache or reputational gain that makes it worth the cost.
I would like to see gleaming office towers but why would any business pay more to locate in... Downtown phoenix? They will either pay to be in Tempe or Scottsdale or they will just locate in a suburban office park for the cost savings.
Companies dont maintain offices in NYC because its a great value, its to be located in Manhattan.
So until downtown has a good popular reputation it wont get offices. People need to move in first (making good progress there) once its popular and bustling then offices that want that environment will pay the premium to locate downtown.
But the people and restaurants need to come first.