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Originally Posted by MEMFLY
I guess leaving a hotel off is better as it gives Hard Rock or whoever a chance to build a high rise hotel on Beale. With the condos/apartments still there and the hotel gone but office space increasing immensely, I wouldn't expect it to be that far off from the original plan maybe even taller. My thinking now is if they are still going to do the two connected towers facing the river the offices will be in one with the residences in the other. I, would prefer if they just did one tall signature tower 40-50 floors but we know that's never going to happen.
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Yeah, I think it would be harder to build One Beale with the hotel in place because it would require a larger amount of financing and now this time around they can roll with just the office space and residential space with maybe some type of commercial space for a restaurant or two in the mix. I don't know if the need is really there for a high rise hotel, but something bringing 200 rooms or so in the 10 floor range could be possible eventually.
Like you said, I think that two separate towers is what they're going to roll with. The more I think about it they could go taller, as I said before it all depends on the amount of residential units, but I don't think there will be more residential units this time around than there was last time, especially if these are planned to be condo units. It will be hard for them to gauge the interest in the condo market downtown, IMO. I'm not for sure how many units they had pre-leased the first time around, but if I get time I'll try to look that up. I guess you could also consider the units that had been marketed in Trinity Tower and the Vue on Main. If those potential buyers are still interested in a condo downtown then One Beale might be looking pretty good on that front.
The key to all of this the budget of course and how risky Carlisle is willing to be on this project. The original proposal wasn't too risky, IMO, it just fell upon bad times due to the recession, but this time around to actually develop the project them might play it a bit safer.