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palmetto75

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About palmetto75

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  1. I've never seen so much comotion and so little visual results, but I think we can clearly see the Pepsi parking lot as well as completion of the Poindexter extension. If I may crawl out of my negative shell for 1 sec I do believe we might see some apmts going up in the next 6-12 mnths. Vacancies rates are falling nationwide and rents are edging up so might not be too impossible to imagine!
  2. Agreed. As a bar with a lil different angle I liked Sir Ed's. As a restaurant I thought the food was avg at best and wayyyyy overpriced.
  3. anybody know what the building further down from tower near the fountains will be? It looks like a permanant concession stand or something.
  4. Ate at the BW3s last night (along with several proud NRA members). The patio space there is HUGE esp. for uptown. Regardless of whether you like BW3s/NASCAR or not I think it will be a great place to people watch in uptown.
  5. There is no way this whole site will be a parking lot only. I remember Pepsi wanting access to Poindexter and maybe space for a few trucks, but a parking lot for even as a temporary fix before teh apmts can be built would seen economically unfeasible given the costs of the land AND the cost to build a permited lot for commercial vehicles (as opposed improvised lot on East Blvd for Latta ).
  6. I noticed that too. Although I think at best its just the roadwork for Poindexter for the immediate future. My guess is that Colonial has the $ to build now, but simply can't ignore the vacancy rates in the area and needs to wait for more saturation of all the new units.
  7. Re the the game today. I give these organizers a lot of credit. There are guys selling mexican flags on the corner of Tryon at 9 am. These guys mean business!
  8. palmetto75

    The Vue

    I wouldn't be surprised at all to see a BK filing not too long after completing the building. I started thinking of a prepackaged BK/foreclosure after construction stopped a few months back. A few observations: 1. Everyone saw the The Park lenders take an absolute bath. Better to lend and let the building finish with a marketable product than a big steel rust bucket. Lesson learned. 2. BoA is the lead lender in the syndicate I believe. They do not want an unfinished building outside their window everyday. 3. Lender probably took a more active role in the construction. Most likelyshooting down the Wolf/Subzeros for something more recession appropriate.
  9. Speaking of which, anyone know where the monsoon at? Sour always goes good with sweet. Its a Yin and Yang thang I guess.
  10. Its good if they are emerging from bankruptcy AND paying back their creditors, which include several local companies. Would also love to know if part of their BK deals allows them to break leases in these locations in order to move. Sorry to be so negative, but have little pity for an organization that was the original piggy bank of corporate robber barons and goes into BK the second things get a little tight. If they never return to their formal glory it will not be a loss in my book.
  11. Is the Pinky's deal over? Just saw an "Available" sign there that I did not remember seeing there before. On another note looks like the Sprinter stop is going in at Arty/Morehead.
  12. I'm not 100% sure but I don't believe the building ever actually sold. I saw a set of plans come in a couple of years ago, which included tearing down the outbuildings but saving the main structure. It is huge when you consider the basement space. However, the cost of renovatation was far more than the developer expected and over what the market would support at the time. I agree at least the brick facade should be saved, but in this economy doesn't look like its going to happen.
  13. The splitting the building into half condos / half hotel doesn't seem too bad. The units that are condos would never be used as hotel rooms. However, the condo owners still get to use the hotel ammenities at a price of course. Although it seems like a small amount of units to effcetively run as a hotel. I agree, the pure condohotel economic model by in large part has proven to be grossly flawed for the condo owners where the hotel operator simply sees the condo owners as way to dump expenses in slow times and provide excess capacity (at steep price) in good times. Basically just another way to spin timeshares. Even in popular tourist spots.
  14. The owner said they have had decent business on the wknds so far. I could tell it was a reach for them staying open then and business will have to be strong for them to maintain the wknd hrs. The 10% discount for Catalyst residents is nice.
  15. I think Trump has his hands full right now. http://www.nypost.com/p/news/business/trum...Dnr3RU7ASjMPqII The Trump Vegas example also underscores the difference between a "reserved" unit and a "sold" unit.
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