Saturday, May 29, 2010

Downtown Living

Some interesting recent articles on downtown living:
Larger Units for a Richard Meier Condo by Fred A. Bernstein (NY Times)
"EIGHTEEN units have disappeared from On Prospect Park, the condominium building in Brooklyn designed by Richard Meier. The developer, SDS Procida, has been reworking the building’s interiors, originally expected to contain 114 units, to include more family-sized apartments. Now there are 96 units.

...Market research “showed strong demand for family-sized units” — which led to the consolidation of apartments."

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Rethinking downtown housing by Darren Currin (The Journal Record, Oklahoma City)



"During the discussion, Craig Tucker, senior vice president of Price Edwards & Company, shared an intriguing opinion that developers and city leaders may want to rethink the way they are approaching downtown housing and consider building more affordable options first before building an excess of upscale housing options.

By having more affordable properties that attract young professionals, they may ultimately adopt a fully urban lifestyle and live in the downtown area for most of their adult lives. It would become a natural progression for downtown residents as they move from affordable to upscale housing as their careers prosper financially."