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Hyatt Caption Hotel, 12 stories/210 rooms/ground level restaurant/internal garage, 118 12th Ave. South (formerly 10 story M Hotel proposal)


markhollin

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1 hour ago, jjbradleyBrooklyn said:

I like this one, too. 

I wish they would've kept the Whiskey Kitchen there though, and built this on the McDonald's instead. LOL

I'd have to think McDonald's time is kind of short there, sitting on such a prime piece of land!?

If that McDonald's is still as popular as I remember it being, I don't think they're feeling rushed to sell the property.  If I recall there have been efforts to get them to sell in the recent years.  I'm surprised that no developer has approached them to buy the property with the condition of incorporating a McDonald's at street level to include a drive-thru in what ever is built to replace the existing restaurant.  There was a Popeye's in DC on 14th Street NW that was at street level of a 3-4 story building that had a drive thru on one side that existed to an alley way.  It relocated across the street when the property they were originally in was sold and redeveloped.  I can't remember what city I was in, but I remember seeing a building that was about 10 stories that apparently had a former bank with a drive through at street level that was converted to some local restaurant.  So, it can be done.

Edited by PillowTalk4
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3 hours ago, PillowTalk4 said:

If that McDonald's is still as popular as I remember it being, I don't think they're feeling rushed to sell the property.  If I recall there have been efforts to get them to sell in the recent years.  I'm surprised that no developer has approached them to buy the property with the condition of incorporating a McDonald's at street level to include a drive-thru in what ever is built to replace the existing restaurant.  There was a Popeye's in DC on 14th Street NW that was at street level of a 3-4 story building that had a drive thru on one side that existed to an alley way.  It relocated across the street when the property they were originally in was sold and redeveloped.  I can't remember what city I was in, but I remember seeing a building that was about 10 stories that apparently had a former bank with a drive through at street level that was converted to some local restaurant.  So, it can be done.

I covered this in another post, but this property is owned by Mcdonalds corporate, and they require a triple net lease plus a portion of the sales and a franchise fee. The franchise operator is still making money at that location on top of all of that, so McDee's is not selling anytime soon.

This goes back to the McDonalds on Ohio in DT Chicago. They could put up a 100-story office or residential building at that location, but instead they built a new McDonalds that covers and entire city block.

McDonalds is one of the largest owners of real estate in the US.

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Everyone always asks about when the Exxon station is going to be redeveloped. I wonder why nobody has thought about the Exxon and McDs site together and connected via a skybridge or two. Would be a very long and narrow building(s), but would certainly create some intrigue across the street from Gulch Central and 1200 Broadway.

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46 minutes ago, Bos2Nash said:

Everyone always asks about when the Exxon station is going to be redeveloped. I wonder why nobody has thought about the Exxon and McDs site together and connected via a skybridge or two. Would be a very long and narrow building(s), but would certainly create some intrigue across the street from Gulch Central and 1200 Broadway.

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