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Chase Bank on W 19th for Sale

9 posts in this topic

Most likely outcome is a few-hundred units of MF residential, but maybe we'll get some retail, too.

 

 

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they are keeping the southeast quadrant of the block where the motor bank building is now.  hopefully they do some pedestrian friendly retail on the ground floor. it is going to have a parking structure, and likely several stories, given the land price they are looking for.  high rise office here doesn't make sense really, so likely apartments.

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There are rumors that Alliance will take the property to use for multifamily and sell off the water works properties. 

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It makes a lot more sense to combine the water works site w/ another retail or mixed-use building across Nicholson, rather than the catty-corner site on the NW corner of 20th and Nicholson, since a lot of the parking for the restaurants/retail on the waterworks site would have had to go on the companion site.

 

Best case scenario is that the Chase branch is a GFR tenant of a residential building on that site, not a standalone building.

 

Other potential use would be another medical/professional building.

 

 

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Wow, this is the second time Alliance has picked up a piece of dirt from the COH and flipped off a piece to another developer. These guys seem to know the system pretty well.

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