Originally Posted by
Rover
We can gripe all we want, but it is simple economics. There is too much supply of cheap surface sites. The higher the demand/cost of the land, the higher the density of the development and better roi. No one will voluntarily build structured parking if low cost land or cheap existing parking is close. We are simultaneously expecting to grow high density in multiple areas of downtown and it will take time. You don't see 2,000 ft one story homes built in Nichols Hills...not on lots costing $200-500,000. You see structures that are in balance with the lot costs, and almost all are at least 2 story. But, it is a catch 22 for downtown. We have made Film Row, Midtown, SOSA, Bricktown, Automobile Alley, Deep Deuce, core to shore, Medical District, the cotton gin site and the river, ALL development areas. That is a lot of area and it will take time to develop density. If we had tighter focus and built demand one area at a time then I believe high density would happen quicker, but in smaller neighborhoods. Just look at what is happening in DD now. Lots are disappearing, rates are increasing, and higher density development isn't as much a risk so money is really starting to pour in.
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