I have had my hopes up so many times only to be let down. I guess the economy is to blame. I hope and pray that the parking garage goes thru this time with retail at the ground level. I wonder what impact this will have on the Landing? What do you guys and girls think will happen to the Landing if this is built?
I hope and pray this thing does not get passed period and it won't do jack s**t for anything or anyone, nor will the retail be leased. A surface lot is better than a permanent garage at this point, and patience for something truly worthy of that site is my wish. Of course in the meantime a little park, temp urban market, etc etc would be better than a dirt lot or a parking deck. Landing suffers from crappy downtown and from lack of internal creativity, not from lack of parking.
The bad economy was now 2-5 years ago. Jacksonville's former peers are seeing near record construction, mainly infill at this point. I point to Nashville, Charlotte, Raleigh, Austin, Salt Lake City, Oklahoma City and others.
Raleigh may see its own record of multifamily starts this year, and probably 40-60% of that is infill...which is a huge chunk, especially for a city like Raleigh.
Nashville's skyline is in a relative boom period right now and the announcements and starts keep pouring in.
Charlotte is seeing a ton of multifamily infill right now, all concentrated along the LYNX, in Southpark, and University Center.
Austin is pulling ahead as a 2nd tier market (borderline 1st in certain investment categories). There are more cranes up in DT Austin right now than buildings in DT Jacksonville.
Birmingham seems to be pushing forward with a few noteworthy projects, and the city is really transforming into a beautiful city filled with great parks and districts.
Again...Jacksonville has no macro excuses as to why it's not following suit...it only has itself to blame.