Quote:
Originally Posted by Street Advocate
While recent deliveries and current construction is nice, we need a lot more housing in the pipeline. 1,000 units planned in Midtown is insufficient, regardless of housing built elsewhere.
That said, hopeful we continue to see the uptick in new housing for Downtown.
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Just like buying a house is an unappealing proposition right now, same goes for building apartments due to interest rates.
I’m optimistic things will be a little more normal in 1-2 years. 2015-2023 has been a wild cycle! Hopefully a new format/product of higher quality will serve to moderate rents in the plethora of podium projects across Midtown. The quality of the new construction the east side trail and west midtown has left Midtown proper feeling a bit lacking.