Comments on: Boxy! http://noisetank.com/hugeasscity/2007/12/04/boxy/ Smart Growth defined: Making the car an option, not a necessity.* Tue, 18 Nov 2008 04:09:31 +0000 http://wordpress.org/?v=2.0.2 by: Apartments Coming To The Neighborhoods | hugeasscity http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-1612 Tue, 22 Apr 2008 07:14:15 +0000 http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-1612 [...] The Pearl Apartments at 15th and Madison on Capitol Hill; 80 units; Barrientos LLC; designed by Weinstein A/U, who also designed Agnes Lofts, a few blocks West. [...] […] The Pearl Apartments at 15th and Madison on Capitol Hill; 80 units; Barrientos LLC; designed by Weinstein A/U, who also designed Agnes Lofts, a few blocks West. […]

]]> by: Dan Staley http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-63 Fri, 14 Dec 2007 03:49:52 +0000 http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-63 kk: Equilibrium rents are higher in Seattle due to the plethora of proximate natural amenities. People pay them. DS kk:

Equilibrium rents are higher in Seattle due to the plethora of proximate natural amenities. People pay them.

DS

]]> by: kkurmudgeon http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-62 Fri, 14 Dec 2007 02:37:20 +0000 http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-62 Honey pie, I love me some sustainable design, but WhoTF is going to pay that for ze Big-Box rent? Might as well just condo them off for ze big-time mortgage brokers before it's too late (or is it already?). What's the difference? And let's talk SQUARE. Dude, build up. Someday, you can fuck over even more folks with ze ridiculous rent you list. Good God. My brother pays fucking $1200 to rent a quality 2-bd flat smack dab in the middle of Park Slope Brooklyn. With a back yard that has a hammock and picnic table, dare I say. And a SUBWAY three block away. Seattle, you are being ROBBED! Honey pie, I love me some sustainable design, but WhoTF is going to pay that for ze Big-Box rent? Might as well just condo them off for ze big-time mortgage brokers before it’s too late (or is it already?). What’s the difference?

And let’s talk SQUARE. Dude, build up. Someday, you can fuck over even more folks with ze ridiculous rent you list.

Good God. My brother pays fucking $1200 to rent a quality 2-bd flat smack dab in the middle of Park Slope Brooklyn. With a back yard that has a hammock and picnic table, dare I say. And a SUBWAY three block away.

Seattle, you are being ROBBED!

]]> by: michael http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-47 Mon, 10 Dec 2007 22:43:59 +0000 http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-47 It seems like in a place such as Puget Sound where there are numerous wealthy and progressive individuals, a local real estate investment consortium could be set up with goals that match the smart growth rhetoric we all mumble in our sleep while accepting more modest returns. Hmmmm It seems like in a place such as Puget Sound where there are numerous wealthy and progressive individuals, a local real estate investment consortium could be set up with goals that match the smart growth rhetoric we all mumble in our sleep while accepting more modest returns. Hmmmm

]]> by: Joshua Curtis http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-45 Mon, 10 Dec 2007 18:04:39 +0000 http://noisetank.com/hugeasscity/2007/12/04/boxy/#comment-45 I love this project and, dare I say, I love Liz Dunn. There needs to be more developers like her. But you know why there aren't? As I understand it, Liz is willing to take smaller returns in order to have great projects (like this one). This is great when you're independantly weatlhy and don't have to sell a project to investors (who would say "are you crazy?"). But for developers trying to get something built in today's environment of crazy expensive land, a year of construction cost inflation, and a investors who demand a certain return, finding the capital to do a daring project such as this is hard. So here's my question. REIT's are notorious for buying up grossly overpriced portfolios since they are incredibly well capitalized and can accept lower returns. So how do we get a similar sized fund which can accept 6-8% returns (real estate investors typically accept 12-15% on the very low end) and encourage great development such as this??? I love this project and, dare I say, I love Liz Dunn. There needs to be more developers like her. But you know why there aren’t? As I understand it, Liz is willing to take smaller returns in order to have great projects (like this one). This is great when you’re independantly weatlhy and don’t have to sell a project to investors (who would say “are you crazy?”). But for developers trying to get something built in today’s environment of crazy expensive land, a year of construction cost inflation, and a investors who demand a certain return, finding the capital to do a daring project such as this is hard.

So here’s my question. REIT’s are notorious for buying up grossly overpriced portfolios since they are incredibly well capitalized and can accept lower returns. So how do we get a similar sized fund which can accept 6-8% returns (real estate investors typically accept 12-15% on the very low end) and encourage great development such as this???

]]>