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Originally Posted by mello
Early 2025 for groundbreaking of Ball Park storage? Um I hope that is a typo. This development has been approved for what a year and a half now? I hope it is more like early 2024 to this summer ground breaking. By early 2025 there could be major economic problems with the commercial real estate and banking sectors.
A tall building in that spot will somewhat make up for the absence of 7th and Market for skyline affect. I am still so mad that the Ritz never materialized such a blow to skyline potential and urban impact on that part of DT.
Does anyone find it strange that downtown LA had so many towers built by Chinese money and SD got zero? You would have thought they would look 100 miles south and say oh here is another booming urban zone that is open to highrise development. San Diego must be on their radar with so many of the elites children going to UCSD lol
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Don't pity this downtown since the Canadian developers and Holland Partner fell in love with your downtown and put so much money investing and building in your downtown. I wish Downtown SJ would get some love from the Canadian developers. They build towers regardless of the costs and market conditions. Downtown San Jose got some development from different developers from England, China, LA, locals and perhaps Westbank from Vancouver which is now rehabbing the landmark Bank of Italy building. Since Dt. SJ has fewer development than your downtown, it has been creative by adding a lot of cool entertainment, nightlife, art and murals. It also focused on mid rises to fill out the downtown, and it's working nicely since it's the second or third most recovered downtown in the country. You guys should consider your downtown is so lucky to have these Canadian and Pacific Northwest developers as your downtown's best partner; otherwise, say "hello to 1978 downtown again." Most other downtowns are not as lucky as your downtown in terms of seeing quite a few high rises getting underway in the middle of the downturn for real estate nationwide.