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My understanding is he owns it with his still(?) living mother and she does not want to sell. She has to be in her early 90s by now.
They own a good bit around that area. If I owned something like that for 60-70 years with a ton of family history attached to it, I'm not sure I would sell either. Imagine the history they have there and all the change they have seen over all those years.
Change will eventually come to those lots, It's always just a matter of time.
I'm sure she's sentimental about the old Market Restaurant, but it isn't there anymore. If it's about the parking lot, well...
My standards maybe fairly low, but it looks respectable. Again, it’s student housing so I just can’t see why they’d sex it up.
If this were an office tower then I would have my gripes.
Need to look at where the architects are from that worked on this design.....at any rate glad to see some height in that area though it would have been nicer across near Wells Fargo.....Da Svedanya
It’s going to pretty much block out the view of the Hub from the west, because even though it will be shorter, it will be a block closer. I’m not sure the altered dimensions of the skyline from that view will be for the better, at least not for fans of vertical, finger skylines.
You're probably right for the most part. Although, The Edge only takes up half of the block along with the library and The Hub takes up almost the entire length of the block, so if you're looking at it straight on, The Hub will only be partially obscured.
On a different note, if we really want to get to the details, The Edge sits on land 17 feet lower than where The Hub sits, per Google Earth. So it shouldn't totally be obscured. Also, a reminder that The Hub is almost twice as tall as The Edge: 325 ft. vs 180 ft.
It'll be interesting to see how it turns out in that aspect and the different angles of the skyline.
My understanding is he owns it with his still(?) living mother and she does not want to sell. She has to be in her early 90s by now.
They own a good bit around that area. If I owned something like that for 60-70 years with a ton of family history attached to it, I'm not sure I would sell either. Imagine the history they have there and all the change they have seen over all those years.
Change will eventually come to those lots, It's always just a matter of time.
I'm not sure how old Jim Papadea is, but as with most the old generation of Greeks in the U.S. that came from poor upbringings in the motherland, they are extremely reluctant to every give anything up like that (business, land, property), even if it goes against good sense. Although as most of us would know, when it comes to dollars, sentimental attachment has zero value. So this property will be pried from some Greeks cold dead fingers before it's sold willingly.
I cant begin to tell you how many stories I have of situations similar to this.
But who knows, maybe they're making a killing on the parking there.
I'm not sure how old Jim Papadea is, but as with most the old generation of Greeks in the U.S. that came from poor upbringings in the motherland, they are extremely reluctant to every give anything up like that (business, land, property), even if it goes against good sense. Although as most of us would know, when it comes to dollars, sentimental attachment has zero value. So this property will be pried from some Greeks cold dead fingers before it's sold willingly.
I cant begin to tell you how many stories I have of situations similar to this.
But who knows, maybe they're making a killing on the parking there.
From what I can recall. In an article about those properties a few years ago he said that he always said he would sell for the right price, but whenever the right price came he would wonder how much more he could get or he didn't like the projects. They've been asked to sell for hotels, student housing, and office buildings over the years. I wonder since they profit from the surface parking if they could have an agreement in place to receive a percentage of the garage parking from a mixed use development.
From what I can recall. In an article about those properties a few years ago he said that he always said he would sell for the right price, but whenever the right price came he would wonder how much more he could get or he didn't like the projects. They've been asked to sell for hotels, student housing, and office buildings over the years. I wonder since they profit from the surface parking if they could have an agreement in place to receive a percentage of the garage parking from a mixed use development.
Or Ground Lease the entire site to a developer..though some developers may not prefer that option.
Or Ground Lease the entire site to a developer..though some developers may not prefer that option.
I don't think that would be an ideal situation for developers either. Even though they could probably buy out in the future from relatives that inherit the land.
A new upscale restaurant is going into the former Al Amir on main street. Hopefully this block can get some TLC with more foot traffic. Especially in the lot behind it on Sumter Street.
I don't think that would be an ideal situation for developers either. Even though they could probably buy out in the future from relatives that inherit the land.
Exactly.. that may allow something to go forward under the current family ownership if "losing" the property is of an immediate concern. Though the current family elders may say they want to sign a 99 year lease or something crazy that ties it up for two or three generations... LOL
A new upscale restaurant is going into the former Al Amir on main street. Hopefully this block can get some TLC with more foot traffic. Especially in the lot behind it on Sumter Street.
Al Amir didn't do well because they didn't serve alcohol. It's really hard for a restaurant to make it without at least beer and wine. They're doing better, a little further up Main, because I'm sure the rent is much less.
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