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Monday, August 10, 2009

Another sold out OTR condo project



Thanks to 5chw4r7z for the photo.

7 comments:

Nathan said...

to be honest i'd rather see a "another fully rented affordable apartment building within the price range of a lower-income family looking to stay in the neighborhood they've lived in for awhile and enjoy some of the peace and comfort afforded by cleaner safer streets and thriving local businesses", but hey, people living downtown is people living downtown.

Randy Simes said...

You're right. It would be nice to see more nice affordable units popping up with some of these. There have been some, but not enough yet.

With that said there are still a ton of dwelling units throughout the neighborhood right now that are very affordable. How nice they are is another question.

Travis Estell said...

It's my understanding that more apartments will be part of the next phase of the Gateway Quarter.

Ian said...

I prefer rich people

oddcincy said...

Clean streets and thriving local businesses require money. Rich people and their taxes are good for that.

Even if these urban renewal projects are successful, it will be a long time before poorer locals are priced out of this area. OTR has a lot of vacant buildings.

Nathan said...

I'm all for rich people moving into OTR. I'm not talking simply about rich and poor. However the influx, or potential influx, of wealth to OTR does nothing to change the neighborhood other than move it.

"it will be a long time before poorer locals are priced out of this area."
Even if that's true, they will be priced out. It's not the responsibility of developers to "fix" OTR by not maximizing their potential profit, but a gradient of available housing in range of prices better situates the community to keep all of its assets, not just it's wealth.

If you're rebuilding a neighborhood in order to cater mainly to a group of wealthy people who did not live their before, isn't that just an inverted form of suburban sprawl?

Quim said...

^no
It's sustainable.

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