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click on the link that Smiley put here about four posts up.
I hear from residents that Vista 400, the property directly to the south, is quickly descending into this category. Mass exodus to Encore over the conditions.I don't know why, I just keep forseeing myself looking at this property in 20 years in disrepair. I've seem similiar projects in other cities that were built in the early 90's that have not faired well over the last two decades. Just a feeling I get from the project.
Happens when you go cheap. I see Vista 400 being torn down and rebuilt with better use within 10 years. I hope the same can be said about this.I hear from residents that Vista 400, the property directly to the south, is quickly descending into this category. Mass exodus to Encore over the conditions.
I would think they would turn a much higher profit with more units? Being that they're targeting "affordable" housing, the demand should be there. Just dislike seeing these lots filling up with squatty buildings. The prime lots closer to the river and in the CBD will no doubt be built with tall towers but once these relatively cheap lots are gone, you will never see the mix of incomes downtown will need to truly diversify.^Zoning doesn't require it, they got the land cheap, so they can afford to do a cheap, squatty building and still walk away with big profit.