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There's only so much talking you can do about one apt. complex that burned down and nothing is happening right now. Why not talk about successful renovated retail/living/business districts?
With retail likely going in along NW 63 north of the Canton site I don’t think this project needs to be mixed-use. Higher end apartments would do really well here. If you start to make it more mixed-use by adding retail podiums or increase density where you can’t build with wood-framing (over 5 stories) the project likely doesn’t pencil. Even with the current design and construction costs it likely is right on the edge. I bet Hines is watching very closely how the OAK apartments lease up which would be similar top-of-market rents.
Demo permit was filed to raze the old parking garage.
I think they are starting Demo today!
Seems like such a waste.
What a bizarre ride this project was. I wonder if this will go full circle now and become a surface lot once again.
I'd expect movement on it again when rates come down. Who knows, maybe it will have more mixed use and be a silver lining to a lousy event.
And there's zero reason to leave it standing when there's probably not going to be any movement on this lot for several more years. The entire project has a negative perception at this point given that the only impact on the surrounding area was that the Ellison had to close down for several months, whomever eventually gives it another try will inevitably want to start from scratch.
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