I have never advocated for or against luxury apartments. I am saying that it is possible for there to be a mix if the people who want to live in them have no problem with those who need housing at 50% or below AMI can also be housed there. If you are in favor of that, then we can work together. Most people who pay for luxury housing, regardless of it being apartments, condos, single family, etc. are not willing to have poor people living in the same vicinity much less in the same building. This has been true through the ages and is not something new.
Most people who pay for luxury housing, regardless of it being apartments, condos, single family, etc. are not willing to have poor people living in the same vicinity much less in the same building.
What are you basing this on? I think it holds true much more for single family neighborhoods that have rallied against multi-family housing in their vicinity. But people who live in higher density areas seem much less hung up on the idea of living near poor people. I am surrounded by public housing, as are all the new developments on the eastern side of Durham, yet they seem to have no problem renting out luxury units. My building even has several units at 60% AMI. I wonder if the newest generation of people migrating back to urban areas – millennials and younger – has a more sensitive eye to the social impacts of where they choose to live.
Walked by Hargett St Laundry again today, looks like a total gutting. Flooring was ripped up inside. Front door is replaced with a temporary barrier. IDK what’s gonna happen here, it’s a pretty convenient spot for several neighborhoods in this area including ours. I’ve also noticed a few local laundromats have been derelict in this area and wonder if residents are in need of one. My wife remembers hearing of a cool project which revitalized a laundromat like this intentionally with new owners instead of converting it to something gentrified.
Will try to get pics inside if we pass by again, I don’t like feeling like I’m gawking though.
Just saw that this property along New Bern Ave sold for $20 million about two weeks ago. Anyone know what is planned for it/if there are development plans? A quick google search didn’t turn up anything.
One of my neighbors (we live within a few blocks) said a friend of hers works for a company that works with developers as clients, and that there was a group looking at this property for some kind of shopping center plan, but this was last year. I assume pre-purchase feasibility studies. Either way Based on a $20mm price tag it will have to be something high profile or fairly large.
That’s a big property for sure and there will be a lot of curious neighbors when plans are released, myself included. I am praying for something a bit urban ie no surface parking here but we’ll see.
The company that bought it appears to be an affiliate of CloudHQ/Cloud Capital, a developer of data centers. Hopefully that’s not what they have planned here because that would be a worst case scenario.
hmm, I was just happened to look at this briefly yesterday and thought it looked like Whiteside Properties. from Charlotte? https://www.whitesidecre.com/ Wasn’t 100% sure though.
The LLCs that bought the property, Jubilee Ventures One LLC and Jubilee Ventures Two LLC each list a principal office at 1212 New York Avenue, Suite 1000, Washington DC, same as CloudHQ. And the managers listed in the LLC filings are the CFO and COO of Cloud.
The address at 160 Mine Lake is a registered agent service