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CONSTRUCTION THREAD: 98 East McBee


g-man430

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On 9/17/2016 at 7:07 PM, ausrutherford said:

Thats the land...No stick apartment is worth 231,818 unless the land is worth a heck of a lot more. 

A condo downtown would be worth a lot more than 231K at that location, an apartment would take a long time to make that money back and by then you would be looking at a lot of expense to keep the building up.  I put this spot under "waste of good location".  Is it better than a surface lot or an abandoned project with pillars sticking out of the ground? Maybe?  The design is so ho hum and it has no height and no retail on the ground floor, ugh just so many misses.

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10 hours ago, gvegascple said:

A condo downtown would be worth a lot more than 231K at that location, an apartment would take a long time to make that money back and by then you would be looking at a lot of expense to keep the building up.  I put this spot under "waste of good location".  Is it better than a surface lot or an abandoned project with pillars sticking out of the ground? Maybe?  The design is so ho hum and it has no height and no retail on the ground floor, ugh just so many misses.

It won't last 20 years.

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