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fernz

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Posts posted by fernz

  1. Alright, here is what patrons would see if there was retail where the port cochere is, facing the dog park:

    Milam.PNG

    Here is what they will see from the proposed retail space on Preston:

    Preston.PNG

    Here is what they will see from the existing retail space on Congress:

    Congress.PNG

    And here is what they will see from the existing retail space on Louisiana:

    Louisiana.PNG

    And the winner is... the dog park.

    Thanks H-Town; that just illustrates how beautiful Downton is.

  2. Excellent job of completely missing what I said.

    Builders build what makes them the most profit, because that's the definition of capitalism. Generally they DO follow "what people want", or at least what some subset of people want, but they tend to take a very short term view of things.

    Builders do not like risk, so if they've been doing something that's made them money in the past, then they're pretty likely to continue doing it until it stops making them money, regardless of what people "want".

    This doesn't make sense. If people don't want it, then it won't make money for the developer.

    • Like 1
  3. The incentive is paid out over 15 years in the form of tax abatements, if you build a rental building and own it and rent out the units, you get the abatements. If you build a condo and sell them all, the HOA for which you are no longer a member (once all the units are sold) or the individual condo owners get the abatement. You don't.

    There is a argument that you, as the developer, can charge a higher price for the condo unit because folks are getting the abatement over 15 years. The argument is that people will pay a tad more for their units because of the abatement. Perhaps. But that is really hard to determine.

    Thanks!

  4. Money.

    Taxpayer money vs. Developer money.

    I am concerned that if the incentive (tax abatements over 15 years) continue, downtown will be little more that a bunch of apartments. A mix of apartments and condos are needed. Homeownership puts a bit of a stake in the ground where rental units don't. I think that the incentive is leading folks to develop rental units over condos. And that concerns me for the long term.

  5. I can understand the slim pickings in labor and materials, but land???

    There are so many undeveloped or underdeveloped land all over the place.

    I can understand that speculators sit on land for ages, but this is the time to build. If they still don't sell when prices are so strong they are never going to sell

    I agree, there is plenty of land, from downtown to the inner loop an beyond, undeveloped land is everywhere.

    • Like 1
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