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Mixed retail in the way!! Cool!
Suburban office parks, with office being the primary use, are probably on their way out. Walkable mixed-use districts keep getting more valuable. The most likely avenue for survival for these office parks is to develop on their parking lots.
Yeah I mean look at Bottleworks. They are building more offices there because of all there is to do in the area. Keystone at the Crossing is a nice mall but with the traffic and whatnot I can see why offices are moving out of there.
That’s a lot of parking lots.
Lifted weights in that fitness center a few times with a friend that worked there. That complex isn’t walk or bike friendly due to the roads and traffic. When “we get back to the top of that cycle again” things need to look a lot different. Nobody likes to stare at parking lots all day.
Recapitalized: change in company’s structure, not ownership bailing and taking a huge loss. I guess the bank lender might be “recapitalizing” it by converting its debt into equity when it doesn’t sell. Can you say OREO?
It’s remarkable that a business publication doesn’t do more research and provide the specific details of each building referenced in its article (i.e., the respective square footage and current total tax assessed valuations).
Improve the access from 465 & Keystone and put a soccer stadium there.