“Raleigh City Council member Jonathan Lambert Melton on Thursday posted in an online forum focused on Downtown Raleigh that Highwoods’ plan for the building includes more than office space but that the company “wanted an anchor tenant before starting.” He added that the company was also waiting on market conditions improve.”
It’s been obvious for a long time TBJ sources from here (assuming this quote is from them). Is this one of the first times they’ve actually vaguely mentioned the forum?
If the developer was smart they could work with Peter Millar to build out a luxury apartment portion of the tower that includes Peter Millar inspired designs and high end amenities including a clubhouse with sim golf swing bays, etc.
The Peter Millar Collection Luxury Suites at the Peter Millar Plaza. So something
Oh “they” troll this forum for sure for “news” - even if you just repost information from another site, expect to pay the price of spreading the “news”.
Another big life science win for the region: global biopharma company AbbVie is going to invest $1.4 billion to build a manufacturing campus in Durham. Expected to bring in 734 jobs.
Seems like things have been heading in that direction for a while. Kind of surprised they weren’t able to work something out behind closed doors, but that is valuable land and if VinFast isn’t going to deliver, I understand the state trying to get it back.
Anyone not living in an EV fantasy land should have easily foreseen this happening. It’s almost impossible to break into a $4T industry, which is why you hardly ever see new companies survive. Tesla is the only profitable EV manufacturer, but with Musk at the helm who knows how stable its future operations will be. Rivian and especially Lucid are losing money on every vehicle sold, meaning that increasing production will not increase profitability. Basically all of the other random boutique EV companies have failed other than Vinfast, which I cannot imagine will survive in the US market for much longer. Scout and Slate remain to be seen…the only thing that gives them a chance is the enormous amount of corporate money behind them. Now that basically all of the established automakers are building EVs, there really is not an opportunity for newcomers to survive. Especially when initial products are widely panned by the automotive press and the company name sounds like a Carfax scam.
Vinfast was probably banking on Democrats being in control for two or more terms for EV incentives, with Trump appearing to be out of the picture. Vinfast also had a bad launch in North America, with new vehicles already having significant issues. Hopefully Toyota will do something with it, as their battery factory is up the road in Liberty. Otherwise, I feel bad for the businesses and residents who had to relocate for something that never materialized.
For reference, Vinfast is a similar situation. It’s a subsidiary of Vingroup, the most valuable company in Vietnam and 4th most in southeast asia. Vingroup has a market cap of ~$60B, compared to Volkswagen’s market cap of ~$45B.
Obviously Volkswagen has an advantage in that they already have expertise in car manufacturing and a presence in the US auto market, but Vingroup has deep enough pockets to keep trying if they are determined. They underestimated the quality standards of US consumers on their first go-round in trying to market their cars in the luxury segment, but I wonder if they won’t try to follow in the footsteps of past market entrants like Hyundai and Kia by starting out as a inexpensive value brand.
I think there are a lot of people in my generation who WANT to go electric, but can’t because of their living arrangement, or because the average cost of cars is twice what it was a decade ago. If you can’t charge at your residence, then you don’t save money. Fast charging in public is no cheaper than buying gas. Since so many millennials live in apartments that have no charging infrastructure, they can’t switch.
Politics isn’t helping but I don’t think it’s a dealbreaker for people who wanted to switch anyway.
I still think GM is in a good position once the political landscape changes and incentives come back. If they were smarter they’d capitalize on the plug in hybrid market and bring the Volt back. They’re just letting Toyota benefit from the market they invented.
As a Tesla owner, I agree. Recharging away from home is about 2.5x more costly than recharging at home. Tesla will tout all the other maintenance savings but they don’t mention that your tires wear out faster and you’re basically captive to Tesla service shops for all but consumables. You also have to figure in the inconvenience of charging away from home. Sometimes you can dovetail that with errands but not always. Pretty easy to park it in the driveway and let it charge overnight. We like our Tesla (although we despise Musk) but the car isn’t for everyone.