I really like the idea of aiming to offer something not already represented in the market.
There are plenty of people who would trade space for less rent. You just don't need that much stuff, especially if you are always out and about and enjoying everything the central city has to offer.
As a reminder, this is just a proposal. It has to be blessed by OCURA then, go through design review.
However, it seems to satisfy all of OCURA's requirements and meet the standards set forth by the Downtown Design Review Committee.
This is now the third project so I'll declare it a trend: 700 West, 10th & Shartel and the Metropolitan are all large housing projects funded almost exclusively by out-of-state developers.
We've seen outside investors for a while, but virtually everything that has come before these three project were done by locals.
Could represent the beginning of a shift towards lots more capital flowing in for development projects.
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