Originally Posted by
bombermwc
I'd see that as a pretty short-sighted historic view there Kerry. I thought you were such a preservation proponent. I can't remember then name of the building with the green awning, but I would compare that much the same to the Montgomery. That building is a jewel, and you wouldn't want to see it go would you? That block is filled with mostly boring blah brick-faced buildings that have seen more neglect than care over the last 20 years. I would just say that we can't use a broad tipped brush when we look at it, it's got to be a fine point. Something like the city building is also a jem...id hate to lose it....which happens to be across the street from the Montgomery.
What's so weird here is that normally I would think that if someone was buying up land like that, they would have a plan for something to take up the whole block. BUUUUUT, with all the class A space opening up from Devon moving, there isn't really a need for new office space right now. So unless it's going to be built for a specific company, I don't get it. Otherwise, why would someone buy up land in a block like this.....the properties aren't all good investments....unless he thinks he's buying them for no other reason than to grow the value and sell them off later. In which case....borrrrring.
Bookmarks