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Originally Posted by
hoyasooner
What benefits are there to this area? I see several.
First, they have easy interstate access from Western. They also have a lot of parking on Fred Jones family-owned lots nearby. While they won't immediately have great access to downtown amenities, they're only a 4 block walk from the Preftakes block. They aren't that far away.
Second, they will be about a block from the new Boulevard. Like the interstate, they'll have easy car access.
Third, the Fred Jones family owns a lot of land in the area and has the money to develop it. 21c are clearly working very closely with the family, so I would anticipate there is the potential for something else to materialize there.
Fourth, it's two blocks from the Main Street Arcade, which is supposed to be being redeveloped and could turn into something pretty cool. I would expect that if this and the Preftakes block are redeveloped, that could spur a lot of changes down Main St. It's true there's a sea of parking along that street, but it's only one block up from the successful developments on Film Row.
21c and the city are probably counting on this being one of the big steps to rejuvenating Main. Deep Deuce will be completely full by the time this hotel opens. Automobile Alley will be nearly full. Midtown will be in much better shape and will be better connected, and will have a huge number of apartments that will be about to hit the market. It's not unreasonable to think that this will be the next area the city targets.
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