Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Connecticut
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-23-2015, 08:02 AM
 
453 posts, read 524,824 times
Reputation: 287

Advertisements

Quote:
Originally Posted by beerbeer View Post
Considering the north end was empty lots for three decades...let's see how long it takes the ball park neighborhood to actually develop. Just the ball park construction site is far better than what was there before.

It took a five to ten years for Front Street/Front Street Apartments/UConn to get going. But the neighborhood seems to be thriving. And the arrow is definitely pointed up. Large developments are tricky. They are almost always over budget and they are rarely on schedule.
Front Street took 10+ years to start and 15+ to finish and was significantly downsized. Par for the course in Hartford. It takes a real sucker to pay $1,610 for a 1 bedroom AND $90 a month for parking to live there. If the rents were actually reasonable, more people may be interested living downtown.

Move-In Day, At Last, For A Downtown Housing Plan Launched In 1998 - Hartford Courant
Reply With Quote Quick reply to this message

 
Old 10-24-2015, 08:39 AM
 
413 posts, read 311,170 times
Reputation: 368
Quote:
Originally Posted by ctguy87 View Post
Front Street took 10+ years to start and 15+ to finish and was significantly downsized. Par for the course in Hartford. It takes a real sucker to pay $1,610 for a 1 bedroom AND $90 a month for parking to live there. If the rents were actually reasonable, more people may be interested living downtown.
Occupancy of the new downtown units is out pacing expectations although there is no info on Front Street Lofts yet as it only opened it's doors in October.

Occupancy of newest downtown apts. outpaces expectations | HartfordBusiness.com

New converted 179 Allen (63 units) is already completely filled up. Occupancy percentages as of Sept. 15, for the other three completed conversions, according to CRDA include: (26-unit) Grand on Ann, 201 Ann Uccello St., 77 percent; (286-unit) 777 Main St., 65 percent; and (190-unit) Spectra Boutique Apartments on Constitution Plaza, 44 percent.

Absorption of the remaining unclaimed converted apartments is running about 40 per month, he said. That's four times the predicted 10 to 12 units per month absorption rate that Freimuth said real estate and financing experts had projected to CRDA and potential developers a few years back, he said.
Reply With Quote Quick reply to this message
 
Old 10-26-2015, 07:51 AM
 
453 posts, read 524,824 times
Reputation: 287
Quote:
Originally Posted by beerbeer View Post
Occupancy of the new downtown units is out pacing expectations although there is no info on Front Street Lofts yet as it only opened it's doors in October.

Occupancy of newest downtown apts. outpaces expectations | HartfordBusiness.com

New converted 179 Allen (63 units) is already completely filled up. Occupancy percentages as of Sept. 15, for the other three completed conversions, according to CRDA include: (26-unit) Grand on Ann, 201 Ann Uccello St., 77 percent; (286-unit) 777 Main St., 65 percent; and (190-unit) Spectra Boutique Apartments on Constitution Plaza, 44 percent.

Absorption of the remaining unclaimed converted apartments is running about 40 per month, he said. That's four times the predicted 10 to 12 units per month absorption rate that Freimuth said real estate and financing experts had projected to CRDA and potential developers a few years back, he said.
Source: Capital Region Development Authority. They may be a bit biased.

One building at 100%, and the others at 77%, 65%, and 44% occupancy doesn't sound very good.
Reply With Quote Quick reply to this message
 
Old 10-26-2015, 12:55 PM
 
Location: Connecticut
34,634 posts, read 56,369,388 times
Reputation: 11145
Quote:
Originally Posted by ctguy87 View Post
Source: Capital Region Development Authority. They may be a bit biased.

One building at 100%, and the others at 77%, 65%, and 44% occupancy doesn't sound very good.
Those buildings with lower numbers just came on the market. They are all new. I believe Spectra has only been renting for a couple of months now. Those numbers are great when you consider that. Jay
Reply With Quote Quick reply to this message
 
Old 10-27-2015, 11:06 PM
 
Location: Northeast states
13,959 posts, read 13,716,786 times
Reputation: 5102
Exploring Options for I-84, a Hartford Engineer Looks for a "Game Changer" | WNPR News
Reply With Quote Quick reply to this message
 
Old 10-28-2015, 08:42 AM
 
453 posts, read 524,824 times
Reputation: 287
Obviously a great idea, but after Boston's big dig issues and the price tag alone, it's not going to happen.
Reply With Quote Quick reply to this message
 
Old 10-28-2015, 09:51 AM
 
Location: USA
2,753 posts, read 3,274,030 times
Reputation: 2192
I think the Big Dig is the best option but since our state has financial issues I don't think we're ready for it. Building it on ground level seems like the most logical idea.
Reply With Quote Quick reply to this message
 
Old 10-28-2015, 12:24 PM
 
453 posts, read 524,824 times
Reputation: 287
The tangled mess of ramps for the Sisson Ave exit/on-ramps should be shortened- then at least Capitol Ave will be opened up a little more and potentially open up some real estate for development. The ramps are so elaborate because of an expressway that was never built.

https://www.google.com/maps/@41.7616.../data=!3m1!1e3
Reply With Quote Quick reply to this message
 
Old 10-28-2015, 02:56 PM
 
Location: Connecticut
17 posts, read 20,924 times
Reputation: 28
One idea would be to sink I-84 below street level and sell the air rights for development. It might be cheaper than a tunnel, but that's pure speculation.

Regardless, this is a huge opportunity for the city and state -- one that comes around only every 50 to 60 years. The current condition of the viaduct obligates the state to do something. It would be shame if ConnDOT ultimately just rehabs the existing structure or replaces it with another viaduct.
Reply With Quote Quick reply to this message
 
Old 10-29-2015, 08:06 AM
 
Location: Connecticut
34,634 posts, read 56,369,388 times
Reputation: 11145
Quote:
Originally Posted by Jeff from CT View Post
One idea would be to sink I-84 below street level and sell the air rights for development. It might be cheaper than a tunnel, but that's pure speculation.

Regardless, this is a huge opportunity for the city and state -- one that comes around only every 50 to 60 years. The current condition of the viaduct obligates the state to do something. It would be shame if ConnDOT ultimately just rehabs the existing structure or replaces it with another viaduct.
Two things are certain, the massive viaduct that exists today will go away and the tunnel option, though nice, is too expensive. The state will move the rail line that the viaduct goes over and lower I-84 below grade. That is the most reasonable option for the highway. Jay
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Connecticut

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top