tag:blogger.com,1999:blog-8835710.post8164097706165735394..comments2024-02-14T06:26:09.116-05:00Comments on Frozen Tropics: Can a New Coat of Paint Help Kendall Row?Unknownnoreply@blogger.comBlogger15125tag:blogger.com,1999:blog-8835710.post-21937807470486520072014-04-10T22:56:54.419-04:002014-04-10T22:56:54.419-04:00I'd be furious if I owned that beautiful home ...I'd be furious if I owned that beautiful home across the street from these ugly things... although they were there when that beautiful home was being renovated. But imagine looking out your windows and seeing these monstrositys- blech!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-65542170361463601122014-04-10T18:46:13.474-04:002014-04-10T18:46:13.474-04:00@Alan Page. Re if there is a financial incentive t...@Alan Page. Re if there is a financial incentive to tear it down - the answer is yes and no. If someone were to tear down the properties and, let's say, build 20, 1500 sq ft condos priced at 600K, that's $12M of revenue. Take out the cost of buying the lot and the cost of development, and the investor has at best walked away with $1M. And we're not even thinking about how long it takes to wade through the government approvals process. It seems somewhat unlikely that an investor would be willing to invest $8M (the units are currently priced at 929K) in this shoddy development just for a minimal return. That said, if the bank was really desperate and sold the units off for around $4-5M total, there could probably be some interest from local developers.<br /><br />If I were a developer/generally wading in cash, I'd probably buy the properties and use them as rental units for a few years to get at least some use out of the place. I'd then redevelop in 5+ years when H street has truly established itself and there's actually a market for 1.1M townhomes. That said, there are few people willing to spend $8M on Kendall Row -- there are plenty of other more lucrative, less messy (and less public) investments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-82994877191901482412014-04-10T15:09:31.728-04:002014-04-10T15:09:31.728-04:00Is there any financial incentive for a major devel...Is there any financial incentive for a major developer to buy the whole lot, tear them down and try again? Does that even make financial sense for a prospective developer? How high could they build up on that lot?Alan Pagehttps://www.blogger.com/profile/07349389379428110815noreply@blogger.comtag:blogger.com,1999:blog-8835710.post-34014620666175046282014-04-10T09:18:25.265-04:002014-04-10T09:18:25.265-04:00The layouts are AWFUL. The location of the elevat...The layouts are AWFUL. The location of the elevators (which were unnecessary) completely divides the spaces in half. The finishes are cheap. Lots of carpet throughout. Nonetheless, the main issue is price. No one in their right mind would drop $929K for these. Someone in the $700K range might find these a steal for that amount of space. The sellers should lower the price and offer an upgrade credit for buyers to be done with them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-50430600460053760672014-04-09T21:36:01.974-04:002014-04-09T21:36:01.974-04:00I guess wouldn't you all want people to buy th...I guess wouldn't you all want people to buy them so they don't sit vacant. Some of the comments on here are short sighted. They are not my taste, but they may come someone's home. Those people may add value to our region. For that I hope these places sell. We can not go back in time and save the beautiful building that was there. We can be hopeful about the future. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-52735269399673347692014-04-09T15:16:37.848-04:002014-04-09T15:16:37.848-04:00Nobody is going to buy these pieces of garbage. An...Nobody is going to buy these pieces of garbage. Anybody in the market will google the development and find pages heaped upon pages of problems.<br /><br />Knock. Them. DOWN.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-16524136512307470192014-04-08T20:07:01.181-04:002014-04-08T20:07:01.181-04:00The only thing keeping me from purchasing this hot...The only thing keeping me from purchasing this hot mess was the unpainted brick. SOLD! Under contract, here I come. Can't wait to move in!!!Donny the Idiotnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-72282399119221559242014-04-08T17:11:28.809-04:002014-04-08T17:11:28.809-04:00Pig, meet lipstick.Pig, meet lipstick.MJnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-21345839544967815592014-04-08T16:04:02.489-04:002014-04-08T16:04:02.489-04:00Painting Dry-vit. That place isn't brick,
it&...Painting Dry-vit. That place isn't brick,<br />it's just a molded stucco, with a print pattern.<br /><br />It's crappathttps://www.blogger.com/profile/11088731122765315298noreply@blogger.comtag:blogger.com,1999:blog-8835710.post-6566269769765234742014-04-08T14:37:08.479-04:002014-04-08T14:37:08.479-04:00Painting brick? Ugh. Painting brick? Ugh. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-78923600798684387032014-04-08T14:37:04.280-04:002014-04-08T14:37:04.280-04:00+1 Alan p. +1 Alan p. h st llnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-47007245563513105402014-04-08T14:06:59.050-04:002014-04-08T14:06:59.050-04:00I'm sure it's just primer. I'm curious...I'm sure it's just primer. I'm curious about the final color.inkedhttps://www.blogger.com/profile/05350787243002946647noreply@blogger.comtag:blogger.com,1999:blog-8835710.post-42159984948421916522014-04-08T13:40:08.772-04:002014-04-08T13:40:08.772-04:00i think they have a word for that...primer, is it?...i think they have a word for that...primer, is it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8835710.post-1070088974538658992014-04-08T13:37:29.720-04:002014-04-08T13:37:29.720-04:00Is white the final color or is it the primer befor...Is white the final color or is it the primer before the finished coat? Either way this won't help much unfortunately.Campyhttps://www.blogger.com/profile/18118025199736523207noreply@blogger.comtag:blogger.com,1999:blog-8835710.post-88420945907492495002014-04-08T13:20:42.189-04:002014-04-08T13:20:42.189-04:00Since the doors are white, painting the houses whi...Since the doors are white, painting the houses white as well seems odd (and sadly is like throwing up the Bat-signal to taggers to ruin the place).<br /><br />I'll leave to the people who have to live across the street from that development to suggest colors, although maybe some bright colors might cheer the look of the place up a bit.<br /><br />ps: The fence for the construction site next door (for the condos) fell over onto the sidewalk. If the owners of the condo development are reading this and the fence is still down, I hope they send someone to pick it up.Alan Pagehttps://www.blogger.com/profile/07349389379428110815noreply@blogger.com