Collective bargaining law needs to be fixed, not killed Zanesville Times Recorder If you want one example of why Ohio Republicans want to gut public unions of their rights to... An electorate that does not understand the Constitution is not an electorate that can make... March is due to come in like a lamb this year. ... |
Sunday, February 27, 2011
Collective bargaining law needs to be fixed, not killed - Zanesville Times Recorder
kapitonragomo.blogspot.com
Thursday, February 24, 2011
Half-hearted effort proves costly to BC - Boston Globe
tarpleypymibujuh1491.blogspot.com
Boston Globe | Half-hearted effort proves costly to BC Boston Globe The sound you heard coming from Conte Forum last night was the NCAA Tournament รขbubble'' for Steve Donahue's Boston College basketball team . . . Oh, the Eagles can still reinflate it, but after last night's 73-64 loss to Miami, ... |
Tuesday, February 22, 2011
How Paladino would fix WNY - Business First of Buffalo:
rubber roofing
Gary, you asked for a declarationj of concrete proposals on some of the many issuee that will help remedy the economic and psychological blighgt that has rotted the core ofour community. My stylde and tone have evolved tothe “politically not because I first asked nicely and The 2,500 members of the Buffalo Niagara Partnership deserves more for $500,000/year than Andrew Rudnick. We need to Unshackle Upstat e from Andy. I’m asking the members of the Partnership to respondby E-Mail or lettet to both Business First and me on simplyt whether Andy Rudnick shoulxd be discharged. If the majoritg of responses agree that heshould go, I will pay for an independenft poll of the membership.
If the Board failsw to follow the membershipmajority decision, I will ask memberw to quit the Partnership and I will lead the formatioh of a new Chamber of
Gary, you asked for a declarationj of concrete proposals on some of the many issuee that will help remedy the economic and psychological blighgt that has rotted the core ofour community. My stylde and tone have evolved tothe “politically not because I first asked nicely and The 2,500 members of the Buffalo Niagara Partnership deserves more for $500,000/year than Andrew Rudnick. We need to Unshackle Upstat e from Andy. I’m asking the members of the Partnership to respondby E-Mail or lettet to both Business First and me on simplyt whether Andy Rudnick shoulxd be discharged. If the majoritg of responses agree that heshould go, I will pay for an independenft poll of the membership.
If the Board failsw to follow the membershipmajority decision, I will ask memberw to quit the Partnership and I will lead the formatioh of a new Chamber of
Saturday, February 19, 2011
Copper thefts could lead to new rules for scrap-metal buyers - Greenville News
rubber roofs
Copper thefts could lead to new rules for scrap-metal buyers Greenville News Law enforcement has traditionally fought copper thefts by going after the thieves, but new efforts would put the focus on the scrap yards that buy the metal to recycle. Supporters of the tougher approach said it would help reduce copper thefts by ... |
Thursday, February 17, 2011
Starbucks makes food healthier - Baltimore Business Journal:
http://canadacomforthome.com/aboutint.htm
The coffee giant says it has simplified recipezs to includemore high-quality ingredients like whole blueberries from Oregon and cherries from Michigan. “Starbucks customersz have been telling us that they want betterf tasting and healthier food options when they visit our said Starbucks food category vice presidenty Sandra Stark in a news release announcinyg thenew menus. “We answered theirr call with a delicious new menu of food made with real ingredientsw and morewholesome options.” New menu items include a blueberr oat bar, a farmer’s market salad and banana walnurt bread that Starbucks says “is nearly 30 percen real banana.
” Starbucks has been expandin its food menu in the last two yeare to entice customers to visit more and to spendr more per visit. The company was also among the firsty restaurant chains in the country to ban tranxs fat from its foodand beverages. Starbucks (NASDAQ: SBUX) is closing hundreds of locations and cuttinvg thousands of jobs to trim expenses asrevenued falls. The company reportesd sales fell 8 percentlast quarter, following a 9 percentt decline in first quarter sales. It is also facing pressurd fromMcDonalds (NYSE: MCD), whose new coffer drinks are driving sales higher.
The coffee giant says it has simplified recipezs to includemore high-quality ingredients like whole blueberries from Oregon and cherries from Michigan. “Starbucks customersz have been telling us that they want betterf tasting and healthier food options when they visit our said Starbucks food category vice presidenty Sandra Stark in a news release announcinyg thenew menus. “We answered theirr call with a delicious new menu of food made with real ingredientsw and morewholesome options.” New menu items include a blueberr oat bar, a farmer’s market salad and banana walnurt bread that Starbucks says “is nearly 30 percen real banana.
” Starbucks has been expandin its food menu in the last two yeare to entice customers to visit more and to spendr more per visit. The company was also among the firsty restaurant chains in the country to ban tranxs fat from its foodand beverages. Starbucks (NASDAQ: SBUX) is closing hundreds of locations and cuttinvg thousands of jobs to trim expenses asrevenued falls. The company reportesd sales fell 8 percentlast quarter, following a 9 percentt decline in first quarter sales. It is also facing pressurd fromMcDonalds (NYSE: MCD), whose new coffer drinks are driving sales higher.
Monday, February 14, 2011
Lawyer trio close firm, join Vedder Price - Baltimore Business Journal:
http://sonore.biz/the-life-and-hard-times-of-guy-terrifico.htm
is a boutique firm -- a platform that “has its pluses and minuses,” said Jagtiani, who founded the firm in 1996. “It’a good at what it does but is limitedc in what itcan Jagtiani+Guttag’s handful of lawyers interviewed 64 law firmsz over the past two years to find the right place to take theif clients to. Jagtiani said it was tough finding a right match for his unusualfirm -- a smalp intellectual property boutique firm.
“Veddefr Price was a good, solid fit,” said Jagtiani, whicy has clients such areas as diagnostics, genomics, and “We brought chemistry and biotechnologt and they added substantial capabilitiesto Vedder, a 250-attorney firm with othe r offices in Chicago and New York, offer s a complete range of IP services, including trademarks and copyrights, as well as intellectual property litigation. The attorney trio -- all registerer to practice withthe U.S. Patent and Trademark Offic -- is already working for but Jagtiani+Guttag on Democracy Lane is still bein wound down and will officially close in acoupld months.
is a boutique firm -- a platform that “has its pluses and minuses,” said Jagtiani, who founded the firm in 1996. “It’a good at what it does but is limitedc in what itcan Jagtiani+Guttag’s handful of lawyers interviewed 64 law firmsz over the past two years to find the right place to take theif clients to. Jagtiani said it was tough finding a right match for his unusualfirm -- a smalp intellectual property boutique firm.
“Veddefr Price was a good, solid fit,” said Jagtiani, whicy has clients such areas as diagnostics, genomics, and “We brought chemistry and biotechnologt and they added substantial capabilitiesto Vedder, a 250-attorney firm with othe r offices in Chicago and New York, offer s a complete range of IP services, including trademarks and copyrights, as well as intellectual property litigation. The attorney trio -- all registerer to practice withthe U.S. Patent and Trademark Offic -- is already working for but Jagtiani+Guttag on Democracy Lane is still bein wound down and will officially close in acoupld months.
Saturday, February 12, 2011
Ritz-Carlton Denver names new GM - Sacramento Business Journal:
orgemail-caicwww.blogspot.com
Andrew Rogers comes to the 1881Curti St. hotel from the Ritz-Carlton Kapalus in Hawaii, where he oversaw the resort’s $170 millio n re-launch. Before then, Rogers served as resort manager forthe Ritz-Carltoj Club in St. Thomas, U.S. Virgin Islands, and directod of golf operations forthe Ritz-Carlton in Rose Hall, Before beginning his employment for in Rogers worked in ’s golf divisionj at three separate resorts.
He holds a bachelor of sciencs in marketing from Ferrisz State University and has a wife andtwo “My family and I are excite to be in a city as wonderful as Denvetr and I look forward to becomingy part of the community,” Rogers said in a news The Ritz-Carlton Denver property includes 202 guest rooms spreaed over 14 floors, a spa and Elway’s Downtown
Andrew Rogers comes to the 1881Curti St. hotel from the Ritz-Carlton Kapalus in Hawaii, where he oversaw the resort’s $170 millio n re-launch. Before then, Rogers served as resort manager forthe Ritz-Carltoj Club in St. Thomas, U.S. Virgin Islands, and directod of golf operations forthe Ritz-Carlton in Rose Hall, Before beginning his employment for in Rogers worked in ’s golf divisionj at three separate resorts.
He holds a bachelor of sciencs in marketing from Ferrisz State University and has a wife andtwo “My family and I are excite to be in a city as wonderful as Denvetr and I look forward to becomingy part of the community,” Rogers said in a news The Ritz-Carlton Denver property includes 202 guest rooms spreaed over 14 floors, a spa and Elway’s Downtown
Wednesday, February 9, 2011
Missouri approves KCP&L rate increase - Orlando Business Journal:
humidifiers
million that KCP&L had sought. PSC spokesman Gregg Ochoa said that the PSC staf estimated the increase will raise a typicaloresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowaty hours of electricity a month in wintefr and 1,200 kWh a month in the Ochoa said. “Our customerzs depend on us to provide affordable andreliable power,” KCP&L CEO Mike Chessefr said in a written statementf responding to the PSC approval. “This rate increasd will help us pay for environmenta l investments we have already made to several ofour coal-firede power plants.
The installation of such pollution-control equipment will improve air quality for our region and alloew us to meet futurre federalenvironmental mandates. We recognize that this is a challenging time to ask customer to pay morefor electricity, and we didn’t make this decisionb lightly.” Kansas City-based (NYSE: GXP), KCP&L’s parent, that KCP&L had reached an agreement in principle with the PSC to settl its pending Missouri rate Great Plains Energy ranks No. 5 on the Kansads City BusinessJournal ’s list of area public companies.
million that KCP&L had sought. PSC spokesman Gregg Ochoa said that the PSC staf estimated the increase will raise a typicaloresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowaty hours of electricity a month in wintefr and 1,200 kWh a month in the Ochoa said. “Our customerzs depend on us to provide affordable andreliable power,” KCP&L CEO Mike Chessefr said in a written statementf responding to the PSC approval. “This rate increasd will help us pay for environmenta l investments we have already made to several ofour coal-firede power plants.
The installation of such pollution-control equipment will improve air quality for our region and alloew us to meet futurre federalenvironmental mandates. We recognize that this is a challenging time to ask customer to pay morefor electricity, and we didn’t make this decisionb lightly.” Kansas City-based (NYSE: GXP), KCP&L’s parent, that KCP&L had reached an agreement in principle with the PSC to settl its pending Missouri rate Great Plains Energy ranks No. 5 on the Kansads City BusinessJournal ’s list of area public companies.
Monday, February 7, 2011
Metrolist: NE Denver, S Aurora tops for home resales - South Florida Business Journal:
acklinegymejac1362.blogspot.com
Year-to-date home sales in that part of Aurorzwere 1,149, while northeast Denvet sales were 1,115. Those sales, however, were down comparerd to the first five months of2008 — from 1,376 and respectively. Still-strong areas with less than 1,0009 home sales included southwest Denver southeastDenver (759) and the central part of the northerj metro-area suburbs (754), the Metrolist data showed. The highesr average selling prices for such homes througj May were in the Boulder area at $527,216 for the Boulder plains area and $663,311 for Boulder The mountain area of southern Jefferson County reported some of the lowesyt single-family home sales year-to-date, at two.
Othere low-selling regions included the mountain areas aroundBouldet (six) and northern Jeffc o (15), as well as Louisville Lowest average single-family home salees prices were in areas such as southerj Aurora ($92,230), southern Jeffco’as mountain area ($147,125) and the eastern part of the northern suburbs near ($152,204). Metrolist data by market was provides by Joe DeVitoat Re/Max Allianced in Arvada. Resales refer to homes that have been sold at leasgtonce before. Looking at condominium salesx through May, southeastern Denver and southern Aurora had the highesf at 619and 453, respectively.
Those saless were down from 786 and 659 in the same period ayear ago, Downtown Denver had the highest average sellingg price for condos for this year’s initialk five months, at $431,249. Some of the lowesy condo prices were in the northernjAurora ($74,642), southern Aurora ($89,638) and central Jeffcop ($99,483).
Year-to-date home sales in that part of Aurorzwere 1,149, while northeast Denvet sales were 1,115. Those sales, however, were down comparerd to the first five months of2008 — from 1,376 and respectively. Still-strong areas with less than 1,0009 home sales included southwest Denver southeastDenver (759) and the central part of the northerj metro-area suburbs (754), the Metrolist data showed. The highesr average selling prices for such homes througj May were in the Boulder area at $527,216 for the Boulder plains area and $663,311 for Boulder The mountain area of southern Jefferson County reported some of the lowesyt single-family home sales year-to-date, at two.
Othere low-selling regions included the mountain areas aroundBouldet (six) and northern Jeffc o (15), as well as Louisville Lowest average single-family home salees prices were in areas such as southerj Aurora ($92,230), southern Jeffco’as mountain area ($147,125) and the eastern part of the northern suburbs near ($152,204). Metrolist data by market was provides by Joe DeVitoat Re/Max Allianced in Arvada. Resales refer to homes that have been sold at leasgtonce before. Looking at condominium salesx through May, southeastern Denver and southern Aurora had the highesf at 619and 453, respectively.
Those saless were down from 786 and 659 in the same period ayear ago, Downtown Denver had the highest average sellingg price for condos for this year’s initialk five months, at $431,249. Some of the lowesy condo prices were in the northernjAurora ($74,642), southern Aurora ($89,638) and central Jeffcop ($99,483).
Friday, February 4, 2011
Region turns to mixed-use to pave way for new downtowns - Sacramento Business Journal:
shemwellmygalej1291.blogspot.com
By 2030, Sacramento expectzs that most of the new development in the city will be ofthe mixed-us variety. The city’s general plan the draft of whicg was releasedin May, calls for four new urban centers outside of the central businesw district that will function like their own “We’ve really changed directions from our 1988 plan,” said Tom the city’s long range planninbg manager. “This is getting away from the single-uswe district approach that was in place for the past50 We’ve been set up to do greenfiels development and not infill and that needz to change.
” In Rocklin, the city for the first time is turningh to the mixed-use land designationn in hopes that it will help create a downtown core and enlive commercial arteries. Rocklin last month approved its first projects to incorporatethe mixed-use concept that will combine apartments and townhouses with neighborhood retail shops. Roseville has already started clearingf the wayfor mixed-use by revitalizin streetscapes and adopting redevelopment plans to encourage new projects. And Sacramento County recently approved itsfirsr “form-based” zoning code for an area of North Highlands that encourages the mixed-use concept to take hold.
But as these efforts begin, there are risks for a region that was nurturedf on the bedroomcommunity model. “We’ve got to do it right,” Pace “If we do it wrong, nobody is going to want it. That’ds very important and that’s the pressure that we’re facing.” Mixed-usr projects have already been popping up on a small scaler in theurban landscape, such as SKK Development’s projectzs on L Street in midtown Sacramento and Fulcrum Property’x F65 project at Folsom Boulevard and 65th Areas surrounding Interstate 5 in North Natomas have been approvedx for a mix of hotels, restaurants, shopping and offices.
The plan for The Railyards projectr downtown is amassive mixed-use concept. But Sacramento’s general plan goes much furthere with its conceptof “mini downtowns” that are envisioneed for Arden Fair, the Arco Arena should a new arena emerges elsewhere, the area near the campus and the Floribn light-rail station. These areads would be designed to be walkable by creating smaller city blocksw and making way for job centerswand higher-density housing. The city is hopingy these ideas take hold as the populatiom is expected to grow byabout 200,000p over the next 22 years.
The concept of mixed-usw zoning is not entirely about throwing out the suburbah model and moving people next door totheif jobs, said Gordon Garry, director of researcnh and analysis at the . The organization is pushing the concept as a way to improveair “There are more non-work (car) tripw than work-related ones,” Garry said. “Th e idea is that people can get to these destinationsaon transit, on bicycles or by Garry noted several areas aroundc town in addition to The Railyardsw will test the mixed-use concept on a large scale, including Raley’se Landing and the Triangle area of West and the area around in Sacramento.
Ed Quinn, a managinhg shareholder of McDonoughHolland & Allej in Sacramento and a land use and redevelopmenft attorney, believes the region is becoming more adeptt at siting mixed-use He said the European model of urban planningf allows for smaller cities to provids more amenities because more people resider in a concentrated area, giving entertainment and cultural activities a base to draw from. That’ws the hope for the area of Rocklin, senior planner Laura Webstere said.
By moving people closer to retaiand entertainment, it helps sustain the The city’s effort began several yearws ago, when it reached out to the communitty to develop a concept for a Rocklin downtow n in what’s now primarily a commercial area alonyg Pacific Street. Some see Rocklin as the epitomwof suburbia, so the adoptionj of a mixed-use land designation — the first of its kind in the city is a bit of a departure from that The draft general plan is expected to be out in late Webster said. In the meantime, city leaders last month approvee the ZLRocklin project, a 140-uniy apartment community on 6.
2 acres featuring retail shopsa along the corner of Pacific and Midad streets. That’s at the edge of what the city foreseea as its newdowntown area. Two of the proposed six buildingsz would house retail shops in addition to the The project is proposed byMenlo Park-based Lake Street Ventures, a small developetr whose last mixed-use project combine d apartments, shopping and hotels in the small town of American Canyojn north of Vallejo. Michael Stoner, one of the company’x principals, said typical developer connections drew the companyto Rocklin, but the city’s commitment to make developmentt happen in the downtown area is what convincedf him to proceed.
“It’s hard enougnh to get it done when theywant you,” Stonere said. He said the company is unsures of when it willstart construction. The city has also approvedr Triton Tower, a plan to mix 10 townhouses and 10,00p0 square feet of retail along Sunset Boulevardfin Rocklin. Both projects required an amendment tothe city’z general plan because it doesn’ty yet recognize the mixed-use land category. High-density apartments and condos with retail are typica l examplesof mixed-use, but it becomee more complicated when the property type startx to diverge.
Quinn noted that largee job centers andhousing don’t always mix An example is Roseville’s examination last year of an efforr to locate more than 200 homes near an which resisted the plan because it could’vre impacted NEC’s plans for expansion. “The city recognized NEC’s concerns and rejected the project,” said who represented NEC in that Pace said other challenges are sureto arise. Lenders are set up to financew segregated projects and are only now adjusting to the new form of Then there are thehigher “Infill land is more expensive,” he said.
“Digging up an existin street and replacing it is more challenginv than building anew
By 2030, Sacramento expectzs that most of the new development in the city will be ofthe mixed-us variety. The city’s general plan the draft of whicg was releasedin May, calls for four new urban centers outside of the central businesw district that will function like their own “We’ve really changed directions from our 1988 plan,” said Tom the city’s long range planninbg manager. “This is getting away from the single-uswe district approach that was in place for the past50 We’ve been set up to do greenfiels development and not infill and that needz to change.
” In Rocklin, the city for the first time is turningh to the mixed-use land designationn in hopes that it will help create a downtown core and enlive commercial arteries. Rocklin last month approved its first projects to incorporatethe mixed-use concept that will combine apartments and townhouses with neighborhood retail shops. Roseville has already started clearingf the wayfor mixed-use by revitalizin streetscapes and adopting redevelopment plans to encourage new projects. And Sacramento County recently approved itsfirsr “form-based” zoning code for an area of North Highlands that encourages the mixed-use concept to take hold.
But as these efforts begin, there are risks for a region that was nurturedf on the bedroomcommunity model. “We’ve got to do it right,” Pace “If we do it wrong, nobody is going to want it. That’ds very important and that’s the pressure that we’re facing.” Mixed-usr projects have already been popping up on a small scaler in theurban landscape, such as SKK Development’s projectzs on L Street in midtown Sacramento and Fulcrum Property’x F65 project at Folsom Boulevard and 65th Areas surrounding Interstate 5 in North Natomas have been approvedx for a mix of hotels, restaurants, shopping and offices.
The plan for The Railyards projectr downtown is amassive mixed-use concept. But Sacramento’s general plan goes much furthere with its conceptof “mini downtowns” that are envisioneed for Arden Fair, the Arco Arena should a new arena emerges elsewhere, the area near the campus and the Floribn light-rail station. These areads would be designed to be walkable by creating smaller city blocksw and making way for job centerswand higher-density housing. The city is hopingy these ideas take hold as the populatiom is expected to grow byabout 200,000p over the next 22 years.
The concept of mixed-usw zoning is not entirely about throwing out the suburbah model and moving people next door totheif jobs, said Gordon Garry, director of researcnh and analysis at the . The organization is pushing the concept as a way to improveair “There are more non-work (car) tripw than work-related ones,” Garry said. “Th e idea is that people can get to these destinationsaon transit, on bicycles or by Garry noted several areas aroundc town in addition to The Railyardsw will test the mixed-use concept on a large scale, including Raley’se Landing and the Triangle area of West and the area around in Sacramento.
Ed Quinn, a managinhg shareholder of McDonoughHolland & Allej in Sacramento and a land use and redevelopmenft attorney, believes the region is becoming more adeptt at siting mixed-use He said the European model of urban planningf allows for smaller cities to provids more amenities because more people resider in a concentrated area, giving entertainment and cultural activities a base to draw from. That’ws the hope for the area of Rocklin, senior planner Laura Webstere said.
By moving people closer to retaiand entertainment, it helps sustain the The city’s effort began several yearws ago, when it reached out to the communitty to develop a concept for a Rocklin downtow n in what’s now primarily a commercial area alonyg Pacific Street. Some see Rocklin as the epitomwof suburbia, so the adoptionj of a mixed-use land designation — the first of its kind in the city is a bit of a departure from that The draft general plan is expected to be out in late Webster said. In the meantime, city leaders last month approvee the ZLRocklin project, a 140-uniy apartment community on 6.
2 acres featuring retail shopsa along the corner of Pacific and Midad streets. That’s at the edge of what the city foreseea as its newdowntown area. Two of the proposed six buildingsz would house retail shops in addition to the The project is proposed byMenlo Park-based Lake Street Ventures, a small developetr whose last mixed-use project combine d apartments, shopping and hotels in the small town of American Canyojn north of Vallejo. Michael Stoner, one of the company’x principals, said typical developer connections drew the companyto Rocklin, but the city’s commitment to make developmentt happen in the downtown area is what convincedf him to proceed.
“It’s hard enougnh to get it done when theywant you,” Stonere said. He said the company is unsures of when it willstart construction. The city has also approvedr Triton Tower, a plan to mix 10 townhouses and 10,00p0 square feet of retail along Sunset Boulevardfin Rocklin. Both projects required an amendment tothe city’z general plan because it doesn’ty yet recognize the mixed-use land category. High-density apartments and condos with retail are typica l examplesof mixed-use, but it becomee more complicated when the property type startx to diverge.
Quinn noted that largee job centers andhousing don’t always mix An example is Roseville’s examination last year of an efforr to locate more than 200 homes near an which resisted the plan because it could’vre impacted NEC’s plans for expansion. “The city recognized NEC’s concerns and rejected the project,” said who represented NEC in that Pace said other challenges are sureto arise. Lenders are set up to financew segregated projects and are only now adjusting to the new form of Then there are thehigher “Infill land is more expensive,” he said.
“Digging up an existin street and replacing it is more challenginv than building anew
Wednesday, February 2, 2011
Developer preps apartment project for turnaround - Tampa Bay Business Journal:
http://www.totallypositronic.com/physics/393.html
Minder, president of Intowngroup, will join LLC June 18 at a zoningg department hearing to continue cutting througu red tape fora 404-unit rental complezx on North Franklin Street north of Herman Massehy Park. While dirt won’t be turned anytimre soon, Minder says he wants to have everything in placde for when the market is readyto go. “Ik don’t know if a project like this can get financedf in the currenteconomixc world,” Minder said. “Right now, we’rr just focusing on finishinh up our rezoning and continuing down the path of starting this We are going to be in a positiob to where we can be first out withnew product.
” The North Franklin Street neighborhood has been Minder’ focus for development from the beginning. The area is withinj walking distance of just about anythin g downtown and has been overlooked by developers througbthe years. In fact, attorney Tony Cunninghaj and former wife Robin Lane have owned the property between Frankli n and North Tampa Street bordered by East Harrison Streetf onthe south, sincew 1984. The couple paid more than $600,000 for the propertty at the time, according to property records, and it is now valued at just over $660,000.
The envisioned unnamed comple x would rise roughly26 stories, smaller than Minder’s two othefr nearby projects — the 35-story Element and the 32-storyt . Those projects were built in collaboratioj with over the lastfive years. SkyPoint has sold 335 of its 380 units sinceJune 2007, according to propertyg records, the most recent cominfg May 4 for just unde r $300,000. Element was planned as a secondcondominiun tower, but the shifting market over its construction period forced Novare-Intowngroup to scrap sales for now and insteacd rent units. The first residents moved in less than fourmonthzs ago, and the tower is now 25 percen leased, Minder said.
Whether or not more apartments work in downtowm depends on how quicklt vacant units already there and in the Channel Districtburn up, said T. Sean managing director for NAITampa Bay. “It’zs going to be very, very difficult and probably unlikelyg for any project to break groundbeforse 2011,” Lance said. “Until the market absorbds all the current condo inventor that is offeredfor rental, this is goingf to be a real hindrance for somebody to come in and get financintg for something like that right now.” A lot of the rental vacancies are in a number of condp properties in the Channel District.
That include s Grand Central at Kennedy, The Place at Channelside and most likelt soon the recently completed on200 N. 11th St. “It’ds good they’re doing everything short of going verticapl with it because the market could alwaye turn sooner than people may Lance said. “But right now, it’s difficult if not impossible to finance Banks are dealing with othetr firesright now, and they’re just not able to commitr the funds for Mayor Pam Iorio championed residential development downtown when she firstr took office in 2003 when just 600 people lived withihn walking distance of the business district.
Now thousandsw have the potential to live in the andthe “close-by-5” mentality of retaipl and restaurants in the area is “People are really starting to recognizer that downtown is a desirable place to said Bob McDonaugh, Tampa’sd urban development manager. “We have had 10 restaurants open up there in the last and a lot of younger people arefindingg it’s exciting to live in an urbab environment where they can walk to just abouft anything.
” There is no construction timetable yet for Minder’z rental project, but he’ws keeping a close eye on the “We’re doing well overall, but ‘well’ is a relative term righft now,” Minder said. “I would be lying to you if I said I was ecstativ over the market conditionsrightf now, but we’ll take doingb well, and I’m happy where we are. And when thing s pick back up, we’ll be righ t there to get the marketmoving again.
”
Minder, president of Intowngroup, will join LLC June 18 at a zoningg department hearing to continue cutting througu red tape fora 404-unit rental complezx on North Franklin Street north of Herman Massehy Park. While dirt won’t be turned anytimre soon, Minder says he wants to have everything in placde for when the market is readyto go. “Ik don’t know if a project like this can get financedf in the currenteconomixc world,” Minder said. “Right now, we’rr just focusing on finishinh up our rezoning and continuing down the path of starting this We are going to be in a positiob to where we can be first out withnew product.
” The North Franklin Street neighborhood has been Minder’ focus for development from the beginning. The area is withinj walking distance of just about anythin g downtown and has been overlooked by developers througbthe years. In fact, attorney Tony Cunninghaj and former wife Robin Lane have owned the property between Frankli n and North Tampa Street bordered by East Harrison Streetf onthe south, sincew 1984. The couple paid more than $600,000 for the propertty at the time, according to property records, and it is now valued at just over $660,000.
The envisioned unnamed comple x would rise roughly26 stories, smaller than Minder’s two othefr nearby projects — the 35-story Element and the 32-storyt . Those projects were built in collaboratioj with over the lastfive years. SkyPoint has sold 335 of its 380 units sinceJune 2007, according to propertyg records, the most recent cominfg May 4 for just unde r $300,000. Element was planned as a secondcondominiun tower, but the shifting market over its construction period forced Novare-Intowngroup to scrap sales for now and insteacd rent units. The first residents moved in less than fourmonthzs ago, and the tower is now 25 percen leased, Minder said.
Whether or not more apartments work in downtowm depends on how quicklt vacant units already there and in the Channel Districtburn up, said T. Sean managing director for NAITampa Bay. “It’zs going to be very, very difficult and probably unlikelyg for any project to break groundbeforse 2011,” Lance said. “Until the market absorbds all the current condo inventor that is offeredfor rental, this is goingf to be a real hindrance for somebody to come in and get financintg for something like that right now.” A lot of the rental vacancies are in a number of condp properties in the Channel District.
That include s Grand Central at Kennedy, The Place at Channelside and most likelt soon the recently completed on200 N. 11th St. “It’ds good they’re doing everything short of going verticapl with it because the market could alwaye turn sooner than people may Lance said. “But right now, it’s difficult if not impossible to finance Banks are dealing with othetr firesright now, and they’re just not able to commitr the funds for Mayor Pam Iorio championed residential development downtown when she firstr took office in 2003 when just 600 people lived withihn walking distance of the business district.
Now thousandsw have the potential to live in the andthe “close-by-5” mentality of retaipl and restaurants in the area is “People are really starting to recognizer that downtown is a desirable place to said Bob McDonaugh, Tampa’sd urban development manager. “We have had 10 restaurants open up there in the last and a lot of younger people arefindingg it’s exciting to live in an urbab environment where they can walk to just abouft anything.
” There is no construction timetable yet for Minder’z rental project, but he’ws keeping a close eye on the “We’re doing well overall, but ‘well’ is a relative term righft now,” Minder said. “I would be lying to you if I said I was ecstativ over the market conditionsrightf now, but we’ll take doingb well, and I’m happy where we are. And when thing s pick back up, we’ll be righ t there to get the marketmoving again.
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