tag:blogger.com,1999:blog-8060586523627520040.post5517559883019721884..comments2024-01-21T18:21:57.720-08:00Comments on Shining a Light on Germantown: Macro trends in Apartment Building Point to Oversupply of Luxury Apartment ComplexesUnknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8060586523627520040.post-42625791457671362792018-08-28T07:54:34.096-07:002018-08-28T07:54:34.096-07:00Infill projects using existing buildings in a tran...Infill projects using existing buildings in a transition neighborhoods is a good way to use tax incentives. Vacant land in high rent districts is not. I do not see anything comparable to the old Sears Building in Germantown.<br />Pollyhttps://www.blogger.com/profile/16746141275673518996noreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-31992808488609035172018-08-27T12:15:16.468-07:002018-08-27T12:15:16.468-07:00What about the success of the Crosstown Concourse ...What about the success of the Crosstown Concourse just last year? Wouldn't you say that would be a good prediction of what would happen in Germantown? More than 90% of space in that massive building is leased. It's not just luxury apartments. There is a mix of small businesses and shopping as well. I feel like it really shows some potential.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-165115671786226252018-06-12T14:17:02.221-07:002018-06-12T14:17:02.221-07:00At this time, I do not have permission to share th...At this time, I do not have permission to share that information. They must know now, though. <br />Pollyhttps://www.blogger.com/profile/16746141275673518996noreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-36709806413213617332018-06-12T14:15:42.846-07:002018-06-12T14:15:42.846-07:00Actually, I was and am astonished by that. There i...Actually, I was and am astonished by that. There is no explanation.<br />Pollyhttps://www.blogger.com/profile/16746141275673518996noreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-18618694332830663842018-06-12T09:46:38.032-07:002018-06-12T09:46:38.032-07:00Is there any way you can name some of the sources ...Is there any way you can name some of the sources regarding the developers knowledge of the area? It seems hard to believe that they would not be even slightly in tune with what is going on in the area. Thanks! Jared Turnerhttps://www.facebook.com/jared.turner.18847noreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-53793343134630752012018-06-12T08:21:10.245-07:002018-06-12T08:21:10.245-07:00Asking for your opinion, why do you suppose that d...Asking for your opinion, why do you suppose that developers didn't account for the market (as you've stated here)? What do you think they would have to gain from operating in that fashion?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-80306344981226083822018-06-11T14:32:00.354-07:002018-06-11T14:32:00.354-07:00I will repeat this: I have talked to residents in ...I will repeat this: I have talked to residents in the Forest Hill Heights area who have spoken with developers about their projects. In the course of the conversation the residents mention other planned projects in the area, and those developers act surprised, as if they had not heard of them. Now does this concern me, yes it does. For one thing the developers apparently seemed concerned (according to the residents). Yes, they should have known, but didn't. I don't know what their marketing studies showed but I bet they didn't include competing projects they did not know about.Pollyhttps://www.blogger.com/profile/16746141275673518996noreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-87627980557489957432018-06-11T10:09:59.408-07:002018-06-11T10:09:59.408-07:00I have a hard time believing that successful busin...I have a hard time believing that successful businesses don't know what's happening in the area. They didn't become successful by dumb luck. If you read the materials they publish in the newspapers or talk about in the various commission meetings, they always talk about the area as a whole; they don't just stop at city limits. So, it seems really, really hard to believe that there's any developer out there who isn't in touch with what's happening in the area.<br /><br />I'm interested to find out what you know about developers and their marketing plans. Do you have access to their internal plans and research? Instead of posting conjecture from non-local sources (Manhattan and Denver don't seem very close to Germantown), a great blog post would include information for our own area -- and maybe some of this inside information you claim to have, too.<br /><br />Let me ask -- if it's so easy for regular Joe residents to know the market, why do you suppose that developers don't? If they don't know the market is in such bad shape, they're risking an awful lot of money. Why do you think they would do such a thing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-27470713260633636782018-06-11T09:46:18.141-07:002018-06-11T09:46:18.141-07:00Some of them do not know about the other developme...Some of them do not know about the other developments being planned in the area, and are not counting on those in their marketing plans. In several cases residents have told me that they talked with the developers that had no idea what was going on in the Germantown Planning Commission. They need to pay more attention, and residents should be proactive in informing them. The last thing we need is empty apartment complexes, such as is happening in Seattle. I doubt if Seattle developers wanted to lose money, either. It is important to look for signs of bubbles, but lots of developers are negligent, and simply follow trends until bubbles occur.<br /><br />Pollyhttps://www.blogger.com/profile/16746141275673518996noreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-71809920011856565782018-06-11T08:08:23.591-07:002018-06-11T08:08:23.591-07:00Why do you suppose that developers see the market ...Why do you suppose that developers see the market differently than you do? If you're right and they're wrong, they stand to lose a lot of money. Do you think they would want to go through with projects that lose money?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8060586523627520040.post-38965817852931805782018-06-08T12:07:34.902-07:002018-06-08T12:07:34.902-07:00Thank you for keeping the public informed on this!...Thank you for keeping the public informed on this! I don't think enough people realize how problematic this can be for Germantown Allison Henryhttps://www.facebook.com/allison.henry.14855377noreply@blogger.com