ylexot said:
Are you out of your f'n mind? There isn't a market for $200k+ residential, but if you had something in the $100-150k range, you'd have to beat people back.
Nice approach. But with the cost of that property and the development costs, you won't see $100-150K priced condo units in any building there. With a maximum density of 5 dwelling units per acre, (39 acres on 3 parcels,) you just can't put enough apartments there to keep the price that low. Thats why I think they would really need RH to do 100 ft apartment buildings. Plus, I'm not real sure there is the sewer and water capacity for that much residential there.
I'm guessing thet will either develop pad sites, and target commercial opportunities permitted in RMX Zoning like banks, restaurants and 20-25,000 sqft retail stores. The RMX allows low volume specialty stores, including antiques, appliances, art/supplies, auto parts and accessories (no installation,) bikes, cameras, carpet and floor coverings, coins, electronic equipment (Circuit City maybe?) crafts, hardware, hobby, jewelry, kitchen items, medical supplies, office supplies, paint and wallpaper, record store, sporting goods, toy stores, pawn shop, grocery, liquor and delis.
So sporting goods can still come in. I don't see where bookstores are even covered by the CZO so perhaps Borders could too. All of this would depend on how low volume is interpreted since that isn't defined by the CZO, and keeping the building footprints under 20,000 sqft.