Went to the Hard Rock/One Central proposal tonight and I was fairly impressed with it.
-A roughly $1.7 project
-They're looking for no city or state monies
-They're talking 50% MBE and 50% developer entity
-6800 to 19000 jobs construction and operation
-They're ready to write a $400M check (I guess for the overbuild), but they say funding/financing wouldn't be an issue.
-Would probably take about 30 months to build
-I asked the HR guy how tall the hotel would be and he didn't have specifics, but maybe about 35 stories/450'??
They keep saying this is "separate" from One Central though it's still One Central's land and airspace. I asked if separate PD's were going to submitted and that's hasn't been determined.
There was some NIMBYism, but I'll say the moderator was pretty awesome and spanked down people when needed.
Speaking of One Central, Bob Dunn in the presentation said they're willing/discussing/planing to scale back OC. After the meeting I asked how much of a reduction and he said about 20%.
So we're still taking maybe about 15M sq ft of planned density, which I can live with.
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titanic1
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