re: nevermind

quote:

---

If that is phase 1, then what is Phase 2?

---

I could be wrong here, and i will have to dig around on the Water Campus website that i linked to see but, I am pretty sure the rest of the phases have not been set in stone.

Bear in mind that the time frame to reach what is shown in the video on the OP is approximately 20 years.

But if i had to guess, i would say phase 2 is whatever building(s) are supposed to be leased out to the private sectors that support most of the coastal protection and restoration activities.


I do wonder if/when Riverside Towing will be squeezed out

I would love to see Riverside towing demolished.

I am rooting for this development, but I have dim hopes for the end result being what is envisioned or intended. The reason being is that the price per sf numbers in rent being tossed around for private consultants are ludicrous: 5, 10+ dollars per sf more than present market value for prime class A space rates. Let's face it, this won't be the penthouse of One American Place or the Chase building and won't be "hip" for a decade or more until much of the entire campus is built out. These are engineering consulting firms-known tightwads- when it comes to overhead spending (not law or financial firms). I think it will be pretty hard to actually attract the target clientele and that if/when future phases are built, they will be heavily watered down (pun) with tenants completely unrelated to flood risk reduction or ecosystem restoration. I think some sort of carrot/stick will be required beyond the "it's what all the cool kids are doing" argument to get this to pan out.

I get my hair cut at Mercer supply. It's the only building in that area that wasn't owned by the state. The private owner refused to sell to the state. When this is done they will be sitting on a goldmine

IDK.

i think the line of reasoning is that large firms will have "satellite" offices in these buildings that are within walking distance of a government agency that spends hundreds of millions of dollars a year on consulting and construction. With the potential for a 2-3 fold increase in that spending for 10-20 years....

what do they say in real estate/

location location location

quote:

---

These are engineering consulting firms-known tightwads- when it comes to overhead spending (not law or financial firms).

---

they will pass it on to the state- and the state will pay

quote:

---

I think it will be pretty hard to actually attract the target clientele and that if/when future phases are built,

---

they are already attracted because they are already contracted.

The pace at which this develops will of course depend on some important outside economic forcing, but that is mostly tied to delivery of funds to the state to be spent.

It really has nothing to do with a "hip" or "cool" factor.