Well when you guys have a little bit of money and want to risk it on a project, then I am sure it will be perfect. It will have all of your heart's desire!
No but really, these people would have stuck with the original plan if they could. Everyone here who is whining STFU! I would love to see some crazy modern Architectonica mixed use whole block to the sidewalk development, but nobody has that kind of line of credit with the banks right now. Even if this developer had cash, they would lose money on a grander scheme.
I am tired of people trashing private development if it does not fit their bill, because it is well known that investing money into real estate or a project in a down market is one of the biggest risks one can take. They will not recover this investment even just from fully leased retail for a while, let alone an empty office/condo building.
If you complainers have invested millions of your money into a project that fit your demands and was successful, even in a depressed market, then speak up and let other developers know how you did it. But somehow I do not think anyone here has invested millions of their own on anything, so why dont you leave the hard work up to people who are really trying to make a better difference in the urban environment while not losing too much money and dont bash them for trying.
This board sometimes sounds like a bunch of immature whiners. Done with rant.
