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What I'm talking about is already under construction. Also, one of the major differences between DC and other areas is the fact that foreign investors are moving many projects through and other developers have the capital already in hand to build their projects. That is what is buzzing in the development world. Home construction has come to a halt. Multifamily commercial high rise construction is booming. The biggest difference between the last 60 years in DC is the city proper is absorbing a huge amount of the growth. People are knocking people down to live in the district versus the suburbs. Even when growth slows down, it will happen in the suburbs much more than the core which is only 61 square miles. The DC proper population capture is the difference. 20 years ago, the DMV was growing big time and DC was losing population. There is a very large reverse commute population forming in DC now since people want to live in the city even though they work in the suburbs.
The same exact thing is happening here. Just about the only construction is commercial, mainly mixed-use and residential rentals.
That being said, anyplace can get overbuilt, including D.C. The much maligned overbuilding of office space that Atlanta experienced right at the beginning of the recession was also largely financed by foreign capital. It can happen to any city - D.C., even with your "Federal pipeline" of money is hardly immune. I think you are being extremely optimistic with of all this "irrational exuberance" that's going on up there. You are a housing bubble just waiting to happen, in my opinion. These insane prices can not hold up to reality long-term, especially with the coming downsizing of the Government.
Your own city said Boston hasn't had an indoor market for 50 years since Quincy was converted to a food stall. They're exploring ways to bring indoor public market back to downtown. That said, if Downtown Crossing build the Filene with 40 story tower by Millenium and fill in some of the empty storefronts with a department store from Europe, also build a couple of more residential towers, then it could tie with Dt. Indy. Right now, no dice!
Downtown Indy compares to downtown Boston? And you expect to be taken seriously? Really?
The same exact thing is happening here. Just about the only construction is commercial, mainly mixed-use and residential rentals.
That being said, anyplace can get overbuilt, including D.C. The much maligned overbuilding of office space that Atlanta experienced right at the beginning of the recession was also largely financed by foreign capital. It can happen to any city - D.C., even with your "Federal pipeline" of money is hardly immune. I think you are being extremely optimistic with of all this "irrational exuberance" that's going on up there. You are a housing bubble just waiting to happen, in my opinion. These insane prices can not hold up to reality long-term, especially with the coming downsizing of the Government.
I know all about what is moving in Atlanta. The reason Atlanta doesn't have a lot of new construction is because they have all those empty houses. The extra foreclosures in Atlanta every year from left over ballon mortgages isn't helping that either. The housing bubble already hit rock bottom here and most places. I think people need to try to understand the difference between rental development and ownership development. Also, rental housing is being build everywhere. Another difference is the current living restraints. Some areas embrace urban living and some areas prefer single family housing. DC has benefited big time from the size of Metro into the suburbs. It is allowing a region wide urban TOD building boom that will absorb the growth for the next 50 years in the region. Without a Metro system in the suburban areas, DC wouldn't be able to build city designed housing in the suburbs. New transit lines opening across the region will continue to help spawn that kind of development instead of single family homes. Maryland just passed a law called plan Maryland. Now by law, only infill development will receive money from the state for infrastructure. Basically, only dense urban living is permitted by law in the state of Maryland now which is huge for DC suburbs and the Baltimore area. The state only wants construction at Metro and Marc Commuter stations now.
Last edited by MDAllstar; 02-11-2012 at 02:17 PM..
Agreed. In terms of vibrancy, Honolulu is definitely top 6 at least.
I agree also.
On topic the only downtowns I enjoy more than DC would be NY, Chicago, SF, Miami, and maybe Boston. Density, vibrancy, etc are cool stats to look at but I prefer location, water, amenities, scenery, culture, and the whole package over all of it.
DC's downtown is unique, no city can replicate that same downtown and none ever will IMO. Just as the waterfront of the bay, cuisine, culture, and particular street set up of Boston sets it apart from any other downtown. The skyline, Chicago River, Lake Michigan, culture, amenities, grandosity of Chicago sets itself apart. The scenery, the Pacific/SF Bay, architecture, amenities set SF apart the same way DC is set apart IMO
In What world does a market have to be Inside to be a public market? unless you believe that to be true (which it isn't) Haymarket counts.
and Do you honestly believe that Indy is superiour to Boston?
Indoor markets have produce and veggies all the time inside and not just one or two days a week seasonally. It also has a barber and locally owned small businesses which are unique. Quincy has all the food you see all over the country. Basically fast food stalls!
In What world does a market have to be Inside to be a public market? unless you believe that to be true (which it isn't) Haymarket counts.
and Do you honestly believe that Indy is superiour to Boston?
Absolutely in the downtown area, Indy blows Boston by far!
Absolutely in the downtown area, Indy blows Boston by far!
How, Boston beats Indy om Bars, resturants, cultural instistutions, better Parks, architecture (subjective I know), better waterfront, vibrancy, number residents, number of workers, public transit,, cusine and Market (fanuial hall marketplace+Haymarket), history, and countless other things.
Top Urban Centers (stretching beyond traditional CBD/greater downtown area):
NY
SF
Chicago
Washington
Seattle
Boston/Portland tie
New Orleans
Philadelphia
Minneapolis
Denver
Miami
Atlanta
Dallas
San Diego
Los Angeles
Sacramento
San Antonio
Indianapolis
Cincinnati
Cleveland
Tampa
Houston
Orlando
St. Louis
Milwaukee
Top Urban Centers (stretching beyond traditional CBD/greater downtown area):
NY
SF
Chicago
Washington Seattle Boston/Portland tie New Orleans Philadelphia
Minneapolis
Denver
Miami
Atlanta
Dallas
San Diego
Los Angeles
Sacramento
San Antonio
Indianapolis
Cincinnati
Cleveland
Tampa
Houston
Orlando
St. Louis
Milwaukee
Portland tied with Boston? how
Seattle above Philly?
NO is in no way more urban than Seattle, Phillly, or Boston, it is the scale of St. Louis.
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