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Old November 16th, 2013, 04:07 AM   #121
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Quote:
Originally Posted by spencer114 View Post
The thread doesn't see any action anyway

Thanks for paying attention. Opinions are always welcome!

I'll go back to stalking the Nashville threads. More action over there!
There are laws against stalking...
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Old November 16th, 2013, 10:49 AM   #122
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That article is depressing to read. Unfortunately, as long as you know who is in office, along with his buddies in the senate, this is not likely to change. This is what happens when Democrats run things. Sorry not trying to turn this thread into a political thing. It's just the truth.
Guess you never heard of Bill Clinton?
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Old November 16th, 2013, 12:16 PM   #123
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Guess you never heard of Bill Clinton?
Not a political thread but the stock market has always performed better under democratic presidents. The stock market has doubled since BHO has been POTUS and any economic recovery starts on Wall Street; startups, entrepreneurs and small companies need venture capitalist money and other seed money to continue growing. I think the reason the economy has remained sort of sluggish with respect to wall street momentum is due to the new dynamics in the job market. Basically, many jobs require skills that many people currently don't possess. Plus technology has altered or improved production rates and steadily replaced unskilled labor - in addition to the transition to a competitive global market place where the US is not the only game in town. This is new territory for the American economy.

Given what was happening during BHOs transition into office has administration has managed to put a plug in the leak of a sinking ship given the rate industries were shedding jobs. This recovery is slow but has teeth and not propped up by a delusional residential market place. You might hear a lot of moaning and groaning about BHO (obamacare, etc) but wall street knows he's been good for the economy and all recovery indicators have to route through them - like it or not, they have the power.

The housing market has stabilized and starting to recover at a respectable rate and as Spence stated, expecting a bull run of high rise commercial building isn't realistic for a variety of reasons - there are many other factors driving the demand for those types of buildings, not just a robust economy.

No matter who is president, the desire to live in an urban environment isn't going to lose momentum and hopefully federal and community leaders will continue to invest into transit options and other elements of urban living. The sprawl isn't sustainable and will eventually choke the lifeblood out of the center city as many people will avoid the traffic menace to get there.

Last edited by Durhamite; November 16th, 2013 at 12:35 PM.
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Old November 17th, 2013, 07:51 AM   #124
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Guess you never heard of Bill Clinton?
Guess you didn't know that Republicans controlled the house and the senate for the majority of his term? Funny how everyone alway's points to the Clinton administration as the glory years. Especially when Republicans were the ones running the country at the time, not him...
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Old November 17th, 2013, 10:45 AM   #125
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At the moment, the Fed is heavily engaged in something called quantitative easing, which in its simplest form is another way of saying, “printing more money”. And tons of it. This money is used to purchase bonds, which has resulted in the record-low interest rates we’re seeing. Ultimately, the low rates embolden people to take more risks. This is the ONLY reason the stock market is doing as well as it is today.

Overall, the Fed spends $85 billion each month buying Treasury bonds and mortgage-backed securities. (You wanna guess where that money is coming from?)

What this means is any stock market surge we might see today is not based on a healthy, growing economy, but largely by one injected with green steroids. (fresh cash)

the reality is that stock prices have not risen dramatically in recent years because corporations are doing so much better than before. In fact, the growth in stock prices has been far greater than the growth of corporate revenues. The only reason that stock prices have been climbing so much is because the Federal Reserve has been flooding the financial system with hundreds of billions of dollars that it has created out of thin air. The Fed has created an artificial stock market bubble that is completely and totally divorced from economic reality.

Guess what's gonna happen when the fed's stop artificially pumping money into the market?
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Old November 17th, 2013, 05:56 PM   #126
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Guess you didn't know that Republicans controlled the house and the senate for the majority of his term? Funny how everyone alway's points to the Clinton administration as the glory years. Especially when Republicans were the ones running the country at the time, not him...
Lol, I guess the Dems ran the country during the Reagan years...you can't have it both ways..
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Old November 17th, 2013, 06:17 PM   #127
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Originally Posted by MIRYDI View Post
At the moment, the Fed is heavily engaged in something called quantitative easing, which in its simplest form is another way of saying, “printing more money”. And tons of it. This money is used to purchase bonds, which has resulted in the record-low interest rates we’re seeing. Ultimately, the low rates embolden people to take more risks. This is the ONLY reason the stock market is doing as well as it is today.

Overall, the Fed spends $85 billion each month buying Treasury bonds and mortgage-backed securities. (You wanna guess where that money is coming from?)

What this means is any stock market surge we might see today is not based on a healthy, growing economy, but largely by one injected with green steroids. (fresh cash)

the reality is that stock prices have not risen dramatically in recent years because corporations are doing so much better than before. In fact, the growth in stock prices has been far greater than the growth of corporate revenues. The only reason that stock prices have been climbing so much is because the Federal Reserve has been flooding the financial system with hundreds of billions of dollars that it has created out of thin air. The Fed has created an artificial stock market bubble that is completely and totally divorced from economic reality.

Guess what's gonna happen when the fed's stop artificially pumping money into the market?
You need more objectivity in your philosophy versus pro-GOP and anti-Dem. The economic reality is when Obama took office industries were shedding jobs at a historical record pace not seen since the Great Depression. The deficit is declining, the housing market is stabilizing, the feds will begin to slowly back off current practice and interest rates will rise. Without feds buoying the economy the US could've had 30-40% unemployment.

Clinton left GHWB a balanced budget that was reducing the overall deficit. In less than 2 years the GHWB administration cut taxes, started two wars and back into the red. Another year of that I'm not sure what to make of the US...it was so bad the country elected a Black president.

I'm not sure why the GOP rank and file are so obsessed with their policies being panaceas - they're not. They really have a hard time giving the other side credit and will do anything (shut down government, etc) to support a crazy ass ideology. Don't get me wrong, a few members of the Republican party seem to have some practical ideas but the obsession with hoping Dems policies fail to make a political point is insane.
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Old November 17th, 2013, 09:34 PM   #128
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Lol, I guess the Dems ran the country during the Reagan years...you can't have it both ways..
Exactly what I was going to say.

Quote:
Originally Posted by Durhamite View Post
I think the reason the economy has remained sort of sluggish with respect to wall street momentum is due to the new dynamics in the job market. Basically, many jobs require skills that many people currently don't possess. Plus technology has altered or improved production rates and steadily replaced unskilled labor - in addition to the transition to a competitive global market place where the US is not the only game in town. This is new territory for the American economy.
VERY much so. Even manufacturing is transitioning in this regard. I think a full-fledged commitment to the German model of linking research with manufacturing would be a huge step forward with respect to advancing our economic recovery.
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Old November 19th, 2013, 12:30 AM   #129
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This is going to be such an amazing addition to Broad Street !

http://m.youtube.com/watch?v=xkvM9R3...%3DxkvM9R3J6JY
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Old November 19th, 2013, 02:07 AM   #130
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^Another gorgeous HKS design!
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Old November 21st, 2013, 09:52 PM   #131
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Hey Spencer
I agree the Children's Hospital looks outstanding. It appears Richmond is rapidly evolving architecturally and moving away from monotonous Williamsburg brick design. I also want to acknowledge you for putting info out there. I'm guilty of stalking as I seldom post but read regularly. I've enjoyed some of your debates with forumers and admire your willingness to share and defend your thoughts.
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Old November 22nd, 2013, 01:39 AM   #132
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Thanks for the shout out.

I'm thrilled that after 40 or so years interesting buildings are being built in town.
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Old December 3rd, 2013, 10:50 PM   #133
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http://www.frommers.com/slideshows/8...14#slide848252

"While you weren't looking, Richmond got cool "...
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Old December 7th, 2013, 09:12 AM   #134
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Reynolds South property sold for development- 3 Apartment Buildings, 2 13-story towers

http://www.timesdispatch.com/busines...990cc48ec.html
Reynolds South property sold for development


Thalhimer Realty Partners Inc. has purchased a 17.2-acre site at Seventh and Hull streets, formerly home to the Reynolds South plant, for $9.25 million.
Advertisement


Posted: Friday, December 6, 2013 12:00 am | Updated: 11:52 pm, Fri Dec 6, 2013.
BY CAROL HAZARD Richmond Times-Dispatch

More apartments, retail and offices are coming to the Manchester area of South Richmond.
Plans call for three apartment buildings, two 13-story residential and/or office buildings and retail shops. Work will begin on the apartments, the first phase of the project, in January.
Thalhimer Realty Partners Inc. purchased a 17.2-acre site at Seventh and Hull streets for $9.25 million. The transaction closed Wednesday.
The site — encompassing about 7.5 city blocks — is the former location of Reynolds Packaging Group’s foil manufacturing plant, commonly called the Reynolds South plant.
The plan is to convert three historic warehouse and distribution buildings into 263 apartments, Drew Wiltshire, vice president of Thalhimer Realty Partners, said Thursday. Thalhimer Realty is the development subsidiary of Cushman & Wakefield | Thalhimer, a commercial real estate firm in Henrico County.
Some apartments will be ready by the end of 2014, but all will be finished by spring 2015, Wiltshire said.
The second phase will involve the development of retail space on 5.4 acres along Hull Street. “No one is beating on our door to build anything yet,” he said. “We will market it for sale or for lease.”
The final phase is to build two high-rise, high-density buildings 13 stories tall, one possibly for residential living and the other for offices, Wiltshire said.
“We see it as two buildings, 250,000 square feet each,” Wiltshire said, adding that the plan is preliminary and flexible. The two high-rises would be near Legend’s Brewery between Sixth Street and the river bordered by Porter and McDonough streets.
“The initial and only certain phase is the conversion of the three existing buildings into apartments,” Wiltshire said.
The property, which has been on the market about three years, is considered one of the most significant riverfront properties in downtown Richmond.
“This is a great development opportunity on the river. It will change the landscape downtown,” said Trib Sutton, a senior vice president with CBRE|Richmond.
The transformation on the north side of the river will continue now on the south side, Sutton said.
Sutton, along with Rob Dirom, Scott Boyers, Scott Durham and John Carpin of CBRE|Richmond, represented the seller in the transaction, Pactiv LLC, a Chicago-based packager and successor to Reynolds Metals, which had been based in Henrico.
The team was responsible for the sale of the North Plant property in February 2012 for $7.3 million. That site, housing a similar manufacturing plant on 6.8 acres, fronts the Kanawha Canal and the James River.
Developers Fountainhead Properties and WVS, buyers of the North Plant, recently finished the first phase of the Reynolds North property with the completion of about 174 apartments and retail space.
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-Fairfax County-1,137,000
--Virginia Beach-448,000
---Norfolk-246,000
----Chesapeake-230,000
-----Richmond-214,000
------Arlington-208,000
-------Newport News-182,000
--------Alexandria-149,000
---------Hampton-136,000
----------Roanoke-98,000
-----------Portsmouth-96,000

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Old December 30th, 2013, 10:08 PM   #135
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Going back on an old post, that 11-story building under construction on Grace Street is called "The Square". It will have 156 apartment units that will be marketed to mostly VCU students (but also open to anyone else).

http://thesquareapartments.com/



The building next to that is the 7-story, 78,000 sq. ft. VCU office/classroom building.


(Image credit to RichmondBizSense)

The whole VCU/Monroe Ward area in general is really becoming dense with height now.
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Old December 30th, 2013, 10:21 PM   #136
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Terrace 202 is just about complete at 202 N. 20th Street.

RENDERING:


CONSTRUCTION:
http://richmondcitywatch.com/modules...-2013/IMG_0519
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Old December 30th, 2013, 10:40 PM   #137
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In case anyone else hasn't seen them already, VCU Libraries has some renderings up for the massive new $52 million Cabell Library expansion:






(All images credit to VCU Libraries)

http://www.library.vcu.edu/newlibrary/


Also, VCU is raising more and more money for the athletics department's new Basketball Training Facility




(Both images credit to Around the Horns)


VCU also has that ICA (Institute of Contemporary Art) designed by Steven Holl waiting around collecting funds.


(Image credit to ArchitectureRichmond)


(Image credit to VCU)
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Old January 3rd, 2014, 06:01 AM   #138
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Glad to see my school pushing Richmond development throughout the area. They're really doing some great things across campus.
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-Fairfax County-1,137,000
--Virginia Beach-448,000
---Norfolk-246,000
----Chesapeake-230,000
-----Richmond-214,000
------Arlington-208,000
-------Newport News-182,000
--------Alexandria-149,000
---------Hampton-136,000
----------Roanoke-98,000
-----------Portsmouth-96,000
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Old January 3rd, 2014, 05:43 PM   #139
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It is important to note that VCU development really contributes to the urban experience in Richmond.

There has been a bit of a building boom at U of R and VSU which go unmentioned here because due to their isolated locations, they don't do much for Richmond (aside from providing future generations of educated workers and adding to the cultural and sporting events in the metro).

VCU has a presence on every major road in the downtown area (Leigh, Clay, Marshall, Broad, Franklin, Grace, Floyd, Grove, Main, Cary, Byrd, Canal...). One would be hard pressed to avoid driving or walking through the campus traveling from downtown to the Fan. Same goes with cross streets. Its buildings are laid out across the existing street grid. Thank God for that too!

We are very lucky to have such a large university completely integrated into the cityscape. Richmond would be a much different place if the university was built around a green in an isolated area (like Ohio State or NC State... both big urban universities highly visible in their cities but a bit cut off from the rest of town).

I'm not implying that this is unique to Richmond, just putting it out there because this type of university development makes a big impact (which is why this page is largely comprised of VCU developments).

I'm thrilled with the renovation and building the university is doing (especially along Grace Street) but I'm hoping for more private development in 2014!
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Old January 3rd, 2014, 11:17 PM   #140
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