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Originally Posted by daviderik
Absolutely. The old plan was a real gem. From the townhouses to the steps falling down the hill. But the real issue is [b]finding investors[/b[, and pleasing the local residence. (Which are vocal minority of never happy, shortsighted babies). The developer should hang tough though. In a few years they'll all say "why didn't we build bigger".
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Well, that's just the thing. A rather recent news article stated that picking up investors/financing should become easier as the local hotel market picks up even more steam. Hotel Monaco will be opening soon, and an Embassy Suites is on the horizon only a few blocks away.
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Originally Posted by Private Dick
This is a rookie "developer" attempting to undertake a big -- and very risky -- project. It shouldn't be surprising that it's moving so slowly.
So the bureaucrats who engage in city planning initiatives are the ones who scaled back the proposal? Interesting... I had no idea.
If a 5-star hotel thought it could do well up on Mt. Washington, that's what we would see being proposed.
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Ok, I realize my "bureaucrats" remark was not at all used correctly. That should have been reserved for another topic; that's how I feel about city planning in general.
This city should be thinking big and outside the box.
You're right tho. That one was solely on the developer essentially backing out of the luxury hotel proposal, but I'm thinking that that proposal should be reconsidered especially with the hotel boom continuing, especially with the construction of the Hotel Monaco and Embassy Suites. Hotel developments such as those should be enticing investors in the high-end hotel market I would think...
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Originally Posted by GeneW
Bakery Square set to expand again.
Seems to be quite a few tech companies moving from the suburbs into city lately. They mention Autodesk in the story but both Resumator and Avere have recently moved from the North Hills to The Strip and The North Side respectively.
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That would be a very nice addition. All these stories I hear about how East Liberty is booming just make me think of what my wife and I heard that one guy say at a Downtown Wendy's one morning. "East Liberty is ruined."
Yeah, ok. So when it was a crime and rat-infested ghetto it was the best place in the entire city? OKAY!!!