H-Town Man Posted May 7, 2008 Share Posted May 7, 2008 In regards to the old CityCentre Building...I received confirmation that it was a little more than a wetdream...I might be telling soemthing that people already know, but it did involve the Madrian Oriental, Residential component and office component, but I heard that it went bust when they couldn't close on any major corporation signing a lease for the office component.That's pathetic.Downtown's office market is doing so well that rents have shot upward. Land prices have gone up, reflecting the higher and better economic use, and in so doing, made it effectively impossible to develop residential unless it is paired as condos within a five-star hotel...but even those are tricky to pull off, and they are ultimately relatively few in number.So much for a boom economy bringing innovative residential developments to downtown.I'll echo shasta's comments... this is the most important undeveloped block downtown, at the city's most historically prominent intersection. This should have gotten premier treatment. Instead we get a tasteful but banal glass box, the best facade of which does not face onto Main our signature street, or onto Texas where it would add to the north view of our skyline, but Capitol! The ONLY reason I can think why they would put the best facade on Capitol is so it will look nice from their other development, MainPlace!I say we create a HAIF Cinder Block Award for insensitive development and present the first one to Hines. Link to comment Share on other sites More sharing options...
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