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Spero

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Everything posted by Spero

  1. Of course not, but Bezos has just bought a house in DC, he owns the Washington Post, and he spends most of his time in DC. Not to mention that Amazon needs a regulatory presence as it faces antitrust attention and other regulatory issues, it's stated its heavy preference for cities with developed public transportation, and every outside observer has said this is the most likely spot. Vegas odds have Northern VA and DC each ahead of every other option. So no, I'm not trying to be a negative nancy, I'm pulling for Raleigh, I'm just saying it's the odds-on favorite.
  2. Amazon is going to D.C./NoVa, you can just bet all your money on it.
  3. I believe it’s mostly pre-fab construction being assembled off-site, should arrive late and come together fairly quickly
  4. you must be really fun at parties
  5. technically it says closing on or before 45 days, which I sincerely doubt considering they haven't even gotten subdivisions started yet. I'd imagine probably July - remember, developers are salesmen. Construction will come some time after that. Just saying this so that come July people on here aren't screaming that the sky is falling
  6. This is Greenville not New York. If I could wish away one thing here it would be whining about height. Charleston has no height (self-imposed) and somehow they’re doing swell
  7. Wyche’s landing spot on Camperdown is before DDRB next week, I imagine there won’t be any work until the law firm is out
  8. I think that if all goes according to plan it would be great and I’m rooting for it to succeed. However I’d echo the sentiment that it’s not likely to be built all the way out as shown on its rendering just because of the market for retail and office space without reshuffling the deck and drawing tenants away from the CBD a là BB&T. The assumption that it will all go according to plan is a pretty big one. I know this is an unfair comparison, but BullStreet in Columbia started with a very similar vision, underwent significant change due to adverse market change, and ultimately drew tenants away from other developing arts of downtown that would have benefited.
  9. It sold to an LLC registered to Carl Sobocinski for $700,000.00. The parking lot is still owned (of record) by an LLC named "Parking on Main, LLC" which is registered to Lydia McElveen. So, doubtful.
  10. The fence does look like crap, but they need it because there is a massive hole in the ground where the auditorium used to be. They don’t want people to fall in and kill themselves.
  11. Or they’ll just re-clad it with brick. jfc
  12. Sounds like you went by at lunch. Camperdown has had sitework done most of the day. The construction industry is not known for efficiency and expedience.
  13. FOOT TRAFFIC! Staples is probably close to the end of their lease and on the way out. I work in an office in the area and I have been one whole time.
  14. I’d think that means they’re building the rest of the garage/plaza first.
  15. Rents and competition from internet retailers. Not coming back anytime soon.
  16. Going into the new year, I'd like to speculate on which large downtown parcels see a major design in the coming year. As I see them, I have listed them in descending order of probability here: 1. Pendleton Street Baptist Church, remaining property on Main/Rhett/Markley. They have to spend the money somehow. I think they've been meeting in a hotel conference room since the demo. 2. Any of the properties co-owned by the Jural partnerships between Falls, Webster, and Calvin. This was pegged for future development in the Sottile renderings of the Bohemian hotel. The former Bank of America here was recently demolished and is currently being used for Camperdown construction staging. 3. County-owned property between Fluor Field, Augusta, and Main. Unless the city/county want to spend a large portion of their budget on acquisition, this is the obvious spot for any west end parking garage, right? right? 4. Tie - Hughes properties between River/Falls/Academy or lot between River/Rhett/Boggs. These are the other top candidates for a city parking garage, and Hughes has a habit of donating property, presumably for tax purposes. Albeit, the donations were to 501(c)(3) eligible entities, but there's room for creativity. 5. Rogue Hughes Office building footer at River Place. has there been a rendering for this yet? 6. Coffee and Spring Lot, next to NAI. Big neighborhood for development, owned by realtors. Unless the Regions lease on the property is prohibitively long with no exit in sight, or there are some other contingencies, it seems like a no brainer. 7. Hughes property at McBee/(under)Church. It wasn't set up that way for a parking lot, once the rest of the development is leased and stable I imagine there is something in the pipe. 8. Triangular wedge at Academy and Markley. Once Markley Station opens there will be momentum, there's already residential build-up around. I believe there was some consolidation nearby recently as well. 9. Perimeter - RealOp comes through again after they finish Markley Station Long-Shots: Property at David Francis/Broad. Too far out of the way for anything substantial but development is coming down Broad. Property at Main/Broad. I hear they make a killing on parking but Camperdown has to make the present value too high to keep that up.
  17. it seems like they're pretty close to going vertical with the garage under what would be the plaza. Gotten a lot of the footers in. time-lapse gives a good impression.
  18. Spero

    The Gateway Site

    mmmmmmmmmmmI don't know if that's realistic. The neighborhood around the site is not helpful. The new federal courthouse will only add a little height to the area. Demanding an 8+ story tower or bust may be an exercise in cutting off one's nose to spite one's face
  19. DRB notice on the storefront on the Riverfront closest to River Street (below Embassy Suites/Ruths Chris)
  20. Even in a private sale where the seller maintains a relationship with the purchaser after the sale is consummated (eg a sale-leaseback) the identity of the purchaser and their plan for the property is an intrinsic aspect of the consideration. If the county were only to account for sales price they would create long term drag, greater inefficiency, and a net loss to the taxpayers. Whatever the dogma about government this is simple economics.
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