Quote:
Originally Posted by VivaLFuego
Too bad; there was a billboard for a sharp-looking Studio Dwell building of similar density/massing on that site for a while. Still an upgrade over the underutilized surface lot and hopefully a sign of what may come with the additional lots across 51st and south of the Picadilly where the theater used to be.
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That project never got off the ground. There was zero market interest in low-rise condos in Hyde Park at those price points, in that location.
Hyde Park is a very strange real estate market that I'm still struggling to understand. You've got poor undergrads, poor grad students, wealthy grad students, university faculty and staff, and a substantial Harlem-esque population of wealthy to middle-class blacks (who may fall into one of the above categories). I'm not sure the Ranquist project really appealed to any of those groups.