Originally Posted by
jungmuny
Here are my issues with the project:
-It seems like it was made a high-end project simply because that was the only profitable way to build a small building, there is no economy of scale.
-To my knowledge most of the gentrification in that area is single family houses, which would make sense because apartments can still be had for $400-500 within blocks. My point is why rent just for the appliances?
-The other two issues I have that aren't directly related to the project. A lack of a large-scale, moderately priced project to allow people to test the downtown/midtown lifestyle without spending $1000/month. This current project is another example of this. The other is encroachment on my school's grounds by seemingly greedy developers, which I probably overreacted to.
And when I said I didn't want to live next to a school I was speaking as a single twentysomething to potential developers so hopefully this niche area can be filled.
I was just responding to a question someone asked me and wanted to get this off my chest and am done with this thread.
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