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Heck, we can't even sell the existing condos in downtown at the $300k range, or $500k units in Mt. Adams!I was photographing some units recently for a client, and the units were for sale for about $650k, with a HOA of $1,200 a month. They hadn't sold in 3 years. In fact, none of the units had sold, and all had lease options of about $1,600 a month - still, with no takers. These were in downtown, and units at The Banks were being snatched up very quickly at this time.There is a glut of high end condos, with outrageous "HOA" fees. There are still plenty of unsold units in OTR. The ones above Park+Vine (Belmain, IIRC) were all condos that never sold until they were converted into rentals that were snatched in a matter of months.
^ underground parking is certainly part of the process. 3CDC's original site study said it was a necessity.
I took a photo of it because I thought the idea to give a parking garage a Las Vegas-type neo-classic facade was simply unbelievable. No, we don't have anything that nutty here, but I don't think designers should be trying to hide parking garages either, like what happened with the QCS II lobby/garage facing 4th. The average person might not notice the garage, but intelligent people will, and the city is trying to recruit intelligent people, not average people. A moment of silence for our old friend:
I was just reading the Business Courier's top 25 office buildings list and realized that dunnhumby's space requirements will most likely require their space to span the entire block. They want floor plates similar to P&G's central building which spans the entire block between Sycamore and Broadway. Not sure what you can combine with that other than more office.
I must say that I feel better about this since they are adding a residential component....would still like to see more height, but I understand they are looking for specific design elements. Hopefully Kasich does not try to weasel in on this expansion....
Kroger spokesman Keith Dailey said discussions with developer Cincinnati Center City Development Corporation (3CDC) are preliminary and no determinations have been made. But in past years, the national grocer has quashed any talk of opening a downtown store. Not enough shoppers and no proper real estate, the company has said.
Thanks for the link, I missed this when browsing news this morning.QuoteKroger spokesman Keith Dailey said discussions with developer Cincinnati Center City Development Corporation (3CDC) are preliminary and no determinations have been made. But in past years, the national grocer has quashed any talk of opening a downtown store. Not enough shoppers and no proper real estate, the company has said.I wonder if this speaks favorably of the changing demographics downtown? Personally I think it says that Kroger is willing to consider where in past years they weren't even gonna talk about the notion.
They'd better find their "residential developer" asap! Im going to be extremely disappointed if they dont pull it off.
The residential component would only happen if a developer is identified soon, Leeper said. He doesn’t want construction still under way once dunnhumbyUSA moves in, which is scheduled for 2014.“Everyone would like to do residential development there, but ideally, we construct simultaneously,” Leeper said. “I don’t want to do residential at the expense of dunnhumbyUSA.”
There's still going to be a highrise above it correct?