willyk wrote:I am not objecting to the garage, but it's a huge investment the owners are having to make and I am wondering what has made for such a dramatic change in tenant expectations.
willyk wrote:If this building needs a giant garage like this, it makes me wonder how it ever got built in the first place with such a deficiency. Were all of the employees just expected to fend for themselves on the surface lots, and that's no longer competitive today? There are still plenty of surface lots around this building.
I am not objecting to the garage, but it's a huge investment the owners are having to make and I am wondering what has made for such a dramatic change in tenant expectations.
willyk wrote:If this building needs a giant garage like this, it makes me wonder how it ever got built in the first place with such a deficiency. Were all of the employees just expected to fend for themselves on the surface lots, and that's no longer competitive today? There are still plenty of surface lots around this building.
I am not objecting to the garage, but it's a huge investment the owners are having to make and I am wondering what has made for such a dramatic change in tenant expectations.
exelone31 wrote:I may be totally oblivious to this, but would there be a point where Dallas would become a city where people "own" parking spots? I know we're probably far, far away from it, but I had a buddy in Chicago who owned a parking spot downtown and actually contemplated leasing it out. It seems these garages, while they may appear to be excess capacity now, could become valuable "auto real estate".
Hannibal Lecter wrote:exelone31 wrote:I may be totally oblivious to this, but would there be a point where Dallas would become a city where people "own" parking spots? I know we're probably far, far away from it, but I had a buddy in Chicago who owned a parking spot downtown and actually contemplated leasing it out. It seems these garages, while they may appear to be excess capacity now, could become valuable "auto real estate".
Garage parking spots in my condo building cost $10k when it was developed. Last I heard they lease for around $100/month. Just today someone put up a note looking for one to lease.
In the early 1980's there was a garage built downtown and marketed as condos. You owned your own spot. I believe it was this one: https://www.google.com/maps/@32.7835478 ... a=!3m1!1e3 I have no idea what it's current status is.
If you saw Oliver Stone's "Talk Radio" the final scene was shot on the roof of that garage.
Speaking of "Talk Radio", a few shots of the 1980s skyline: https://www.youtube.com/watch?v=M5E9RV9TyEo
Tivo_Kenevil wrote:^Hopefully the nub turns out to be another residential building.
"The renewals and new leases are an absolute validation of the vision of Goddard Investment Group and their commitment to such a significant reinvestment in an iconic Dallas property," Cushman & Wakefield's Johnny Johnson said. "While most other Dallas properties of this vintage are getting cosmetic improvements, Fountain Place is being completely reinvented as a bustling live-work-play complex."
dukemeredith wrote:http://www.bizjournals.com/dallas/news/2017/05/24/major-upgrade-to-dallas-iconic-fountain-place-to.html
Dallas Business Journal article from yesterday also shows the render with the 'nub' and calls it "extra green space" in the photo caption.
No discussion of it in the body of the article, though.
Tucy wrote:Is that the finished product?
dukemeredith wrote:The nub has its own flier. Perhaps it's a 'phase 2' for the garage, if they find sufficient interest.
http://ucr.com/property/ross-avenue-restaurant-space/
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