I’ll put this here because I can’t think of a better thread. It’s really about residential in downtown overall (condos, apartments, etc.). Maybe there is such a thread and I didn’t see it. I would really like to know others’ opinions.
There are a lot of apartments either recently online, soon to be online, or planned. Kane has 1,000 units at Smoky Hollow alone. There are some new condos, but most projects are rental. Condo resales aren’t “hot” right now.
My question is how do you folks feel about the demand? Of the existing rental properties, what are their occupancy rates? Can Kane fill 1,000 units in Smoky Hollow in an acceptable timeframe? I don’t know the names of some of the other planned projects off the top of my head, but there are quite a few.