Quote Originally Posted by ManAboutTown View Post
I personally know a couple of the investors on this project. The last I was personally told, probably 6-8 months or so ago, was that they were having issues getting approval to close the alley that runs just to the west of The Garage Loft Apartments between NW 13th and NW 14th.

I was told that one of the adjacent landowners, the Garage Loft or 1420 N Robinson, was protesting the closing of the alley and that The Hub needed that to happen in order to build the proposed apartments on the NW corner of the lot.

That being said, this project was announced pre-pandemic, when building costs were much lower. I'm sure the announcement of Alley North led to them reconsidering the feasibility of this project too.
I'm betting higher lending cots/interest rates had a part in it as well.