Posted August 16, 20213 yr We have a non-construction downtown residences discussion. Figured we ought to have one for the University Circle area considering the amazing growth forecast here in the coming years. Let's start with a redirect from the One University Circle thread...... 15 hours ago, Htsguy said: I was on the One University Circle website today and the best I can tell there is only one unit currently available. A 2 bedroom on the 8th floor. Since it has been open for a while now, expired leases must be renting immediately upon vacation, suggesting a significant waiting list. I wonder if a Phase 2 is being considered now that 121 Larchmere is wrapping up. As I've noted in recent articles, developers believe there is a market for 10,000 new housing units in and near University Circle in the next 5-10 years. To fill that market would require building more than THIRTY Artisan apartment towers or FIFTY Library Lofts-size buildings. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 16, 20213 yr When the developers say housing units, do they typically mean individual bedrooms or overall houses, apartments, and condos? There are so many open lots in Fairfax and Hough that are begging to be redeveloped in addition to creating some height to University Circle itself. Hopefully developers like Knez can create a nice mix of all 3.
August 16, 20213 yr Author 4 minutes ago, OliverHazardPerry said: When the developers say housing units, do they typically mean individual bedrooms or overall houses, apartments, and condos? There are so many open lots in Fairfax and Hough that are begging to be redeveloped in addition to creating some height to University Circle itself. Hopefully developers like Knez can create a nice mix of all 3. Housing units means all houses, apartments, condos and dorms. Knez is building as much as they can, but being able to build affordable housing units either means building small units or getting government financing. The latter can slow things down as the competition for funding is very high as funding is limited. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 16, 20213 yr 3 hours ago, KJP said: . . . being able to build affordable housing units either means building small units or getting government financing. The latter can slow things down as the competition for funding is very high as funding is limited. This is an incredibly misunderstood truth. I cannot count the number of complaints I've heard about developers building "only" for the rich and new construction not including "affordable" housing.
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