Quote:
Originally Posted by mhays
Also, relevant to mojiferous's great post about misleading headlines etc., those five Bellevue office towers aren't on hold...only their interior buildouts. A sixth tower will be postponed.
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I understand Amazon's timing was clumsy since they already had 5 towers under construction when they decided to hit the Pause button.
I would also agree that
mojiferous articulates his ideas well and I love/respect his passion. But honestly I wasn't looking to re-litigate issues that have been vigorously debated many times before. That's why I tried to focus like a laser beam on crime.
You live on the West Coast. Do you ever recall San Francisco holding a recall election to get rid of a 'soft on crime' district attorney. I can't and my memory goes back to the Haight, Ashbury days when Janis Joplin lived at 635 Ashbury St.
And I don't ever recall a Denver developer suggesting that if company wants their employees to be in a safe, clean place then come here, don't go there.
With respect to adding residential density
Not only in Seattle and Denver but new multifamily permits are strong across the country, easily being the category leader over all other types of construction. How long this holds is hard to project but Blackstone's latest global RE fund is raising $1 billion every three days and has raised $30B since March.
The Denver City Center has been adding residential units for a good dozen years and 'Right Now' it feels like a record number of units are being built, especially in neighborhoods adjacent to downtown. I'm skeptical it get's any better than this.