I’m still okay with this development!
Is this taken from the west Parking deck?
About 12 floors above the parking deck.
Haha I’ve been wondering how everybody is getting into the west parking deck.
Perfect height to have a view of phase II roof complete with HVAC units
Better than the crap that used to be there. Very excited about the whole development.
Agreed. But would more excited if they NIMBYs would have allowed for some height
I think they just approved the 40 Stories right? Don’t know how much the people will be able to affect it after the city approved it.
There were no NIMBYs involved that I know of. Phase 2 is zoned for 12 stories so it was Kane/Williams that decided on 6(ish).
Wait I thought phase 2 was going to be 20, phase one was going to be 6, and Phase 3 was going to be 40. NIMBY incoming on phase 3 though.
Phase 2 is five story apartments on top of one floor of retail plus one nine story office building. Phase 1 is 10 (?) stories of apartments on top of 1 story publix with parking under that. Phase 3 is going for 40 story zoning but no solid plans of story count yet. I think I have all that right. See update on phase 3 in the 40 story topic.
Oh ok that makes sense. Was hoping for more height there but eh.
N&O story on Kane’s $1m donation:
https://www.newsobserver.com/news/business/article231503318.html
Thanks to a recent change by the City Council, a developer can now offer affordable housing as a bargaining chip in rezoning cases. But the change has caused some to worry it could make other housing more expensive or the council could deny projects that don’t volunteer affordable housing.
Interesting. Reading it now. Got stuck on the caption tho:
“…the rising steel beams of a tower that will house a Publix grocery store and hundreds of apartments.”
So it’s already topped out (not rising), it’s made of rebar-reinforced concrete (not steel beams), and it’s a midrise cube (not a tower). C’mon N&O…
I got stuck on them saying Smokey Hollow. I added a comment to the bottom of the article.
(@R-Dub, @dtraleigh)
The ship has sailed my friend!
Is that a good thing?
Well by pretty much by definition if they are paying more for affordable housing it is making the project and thus the housing more expensive. The capital market hurdle rate doesn’t change when you add a new requirement.
You can certainly argue that the extra cost is worth it but I just find it funny that they say it “could” make the price to go up.
Looks like this goes to City Council tomorrow (on the wire). Not sure if for public comment or vote.
Now you know our brilliant and ultra pro-growth city council will keep putting off a vote until they are soooooooooooooooooooooooo sure that the are doing what they “think” should be done vs. their actual job…Lol