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17thState

Huntington Tower 330'
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Everything posted by 17thState

  1. I just think the only thing that stops more and more SFH transitioning to rentals is going to be legislation. Maybe that happens locally or statewide in California or New York but infringing on what you can do with your property is not going to be a popular change, especially if means Baby Boomers would get offered less when they go to cash out of their homes. PE swept up a bunch of houses with the intent to hold and flip once the market rebounded and along the way they realized renting these properties was good business and they figured out ways to scale it (as you mentioned) and drive out cost. Didn't mean to overreact I just think the transition to institutionally owned SFH rentals is the biggest change happening in our economy that most people don't understand or know about, at least not in Central Ohio. And it's impacting everyone who owns or had hoped to own a home.
  2. Why is it fundamentally unworkable?? People need somewhere to live and as long as there is a housing shortage rental units (multi-family or SFH) are a real option, especially as mortgage rates are rising and housing prices remain elevated (even if they fall down from the peaks early this year). It's also somewhat a self perpetuating problem as more SFH are built to be rentals and private equity continues to buy SFH, permanently taking them off the market, (PE bought >20% of available homes in Q1 per CoreLogic). I mean what's not to like for investors, guaranteed income, and asset appreciation? If anything this trend is likely to continue. Everything else has become a subscription you pay for in perpetuity, why not your housing? And it's a lot harder to cancel your rent than it is Netflix. Not that I think any of this is a positive, I just think it's the reality. Although, if you're looking for a silver lining the dividends on REITs are pretty baller. https://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2022/07/22/investors-bought-a-quarter-of-homes-sold-last-year-driving-up-rents https://www.google.com/amp/s/www.nytimes.com/2022/04/23/us/corporate-real-estate-investors-housing-market.amp.html https://www.google.com/amp/s/www.consumeraffairs.com/amp/news/investors-may-be-one-reason-youre-still-having-trouble-buying-or-renting-a-home-090822.html https://seekingalpha.com/article/4539923-single-family-rental-reits-renting-american-dream
  3. I didn't fully appreciate the wavy-ness of the facade until I saw these.
  4. U.S. Semiconductor Renaissance: All the Upcoming Fabs Cool article detailing all the recent fab activity in the US. There's a section on Columbus that begins: "Intel is building two fabs in Ohio that are yet to be named, but their significance for Intel and the U.S. chip industry is hard to overestimate."
  5. Yeah, I don't know why they just aren't doing typical parallel street parking, maybe the angled parking could be ok on streets with retail, but the perpendicular parking feels very out of place and suburban in a denser development
  6. I agree with your larger point around not every street needing to be fully of commercial activity. However, I think Bridge Park is unique where it's such a destination that it doesn't need self contained density to support its commercial spaces. They understood that when they added all those parking garages into the plans. Honestly, I've never once had an issue parking there and despite being physically closer to the short north I can't think of the last time I was down there but I was at Bridge Park just this past weekend and I feel like every work happy hour or meet up has been there. It's just so much easier for people to get in and out of that I think the visitor traffic can help it support much more commercial sq footage than you'd typically expect.
  7. Very cool. I know it says access will be free, but this seems perfect for a little rental/guide shop where you can have someone show you how to do it and rent you equipment to do it. I'd love to do this, but I'm also not going to buy a bunch of equipment and just go for it on my own.
  8. I actually can wrap my head around the paint swatch as filler on the big blank wall, but I can't understand the decision to paint 60% of the north and south sides with white vertical and horizontal stripes and then the remaining 40% in ombre. It just looks dirty or like they ran out of paint. It's very confusing.
  9. Expert negotiation on the part of that homeowner. You can have my land for your giant factory, but I want to keep my house.
  10. They need to buy out that car dealership and/or go taller before they cross 161 to develop Y.
  11. I think it's probably more an issue of material costs and labor inflation. Building with exact same materials costs alot more now than it would have originally. I hope they're able to make it work so they can build with the same level of finish, but I understand how even if they were 100% reimbursed for losses that wouldn't allow you to rebuild 100% the same. That said a lot of homeowners policies have an inflation protection provision, but who knows how that works for commercial properties or even if it's enough as inflation has pretty nuts since this burned down.
  12. Wow, that brick road already looks a hundred years old. They're really going the extra mile to give it a sense of place.
  13. Well everyone always wants to be like Austin, can't do that without mind numbing traffic.
  14. That's a surprisingly significant impact on the city's water usage. No wonder they decided continuing to build fabs in a desert wasn't the best idea. You'd also think with water demands that high Intel would invest in on-site water recycling.
  15. I don't think this is correct. This isn't the equivalent of buying a white car and not a pink one because of resale value concerns, it's just that the kitschy big Arby's hat or Alamo themed Taco Bell fell out of favor as it became dated and consumers gravitated toward new/modern/clean because you want your food prepared in a new modern clean feeling location rather than in a novelty shack. It's the exact same reason all of their logos have been simplified and flattened. It's just the current style and you don't want to be the one brand that doesn't update and appears dated. They haven't changed their entire brand identities because of concerns about their buildings resale value. I've seen the older buildings torn down and replaced with the exact brand just in the new design (which are still very identifiable as fast food locations). They wouldn't do that if they trying to maximize return on a structure, you do that to maximize return on your brand and boost your food sales.
  16. I got it, I just meant I'd take the glass from B and the red brick clad garage from A. I'd make my own combination option C if I had the final say
  17. I'll take option B, give me that glass! But I do prefer the red brick on the garage instead of gray, so I guess option C?
  18. The Tennant company of Minneapolis introduced the world to their sweeper/scrubber in 1963. I'm also pretty certain that the parks and rec department I worked at in high school had an old ride-on sidewalk vacuum sweeper that had to have been an 1980's vintage that was made by lamborghini. But trying to Google that got me nothing but an endless list of exotic cars. Anyway small sidewalk/bike lane sized sweepers definitely existed.
  19. It's so surprising to me that the city was ahead of the curve and had protected bike lanes in the 80's down high street but couldn't figure out they also needed to buy one of these.
  20. My opinion is that Grandview Yard has been really well done from a quality and landscaping standpoint. None of those buildings look like they're starting to fall apart or have random miscolored dryer vent pockets sticking out all over. It also feels like a park driving through there. My complaint has just been the lack of architectural diversity. It's just a 3/4 mile of rectangular 4 and 5 story brick buildings. Again well done brick buildings (and not all red). I just think a few 7-8 story buildings or even some "stacked boxes" buildings with some height variations, or a couple more buildings that are clad in mostly glass (I'll give them partial credit for the building on yard and w first) would really take it from a B to an A+.
  21. I actually like the slingshot, it's fun and quirky kind of like deer statues that are over there. Nothing says welcome to the south side like a bright yellow funnel? It's too abstract to be meaningful and too small to impress just on scale alone. It looks like some playground equipment after a tornado.
  22. Even if NRI develops it, I'm over square 4 story brick buildings that are generic as possible.
  23. Can't wait to turn that land into a data center, warehouse, or housing development. At least if it's a housing development they'll name it after whatever it uses to be. Also, WE ARE NOT GOING TO GET AN NBA team. You're delusional if you think otherwise. When the Cavs were in the playoffs the top TV markets were Cleveland, San Francisco, and Columbus. You know what would be really dumb, to cannibalize the Cavs own fan base and revenues by putting a team in Columbus. Seattle is going to get a team and then probably Vegas (although you can now gamble in alot of states so not as certain on that one). The only way we get an NBA team is if Lex Wexner's dying wish is to donate his billions to Adam Silver in exchange for a Columbus franchise.
  24. Plus think of all the milliseconds of load time we get to save!
  25. Maybe semantics here, but they built their HQ on North Broadway and 315. Not downtown but not a farm field in New Albany either.