Comments on: Local neccesity for mixed-use on Cafritz Property? http://rethinkcollegepark.net/blog/2007/436/ Helping imagine a great college town for a great university Wed, 15 Feb 2012 18:30:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MbS (Calvert Hills) http://rethinkcollegepark.net/blog/2007/436/comment-page-1/#comment-36155 MbS (Calvert Hills) Wed, 08 Aug 2007 14:01:48 +0000 http://rethinkcollegepark.net/blog/2007/436/#comment-36155 Re the financing angle, what the Cafritz and Landy properties share is that each parcel has been held for a long time. The assets held over time represent less need for financing, than say the EYA project that is based on land purchases made in the last, say, five years or so. Sidebar: Marvin Blumberg's philanthropy is not as easy to see as the Cafritz family. I know that at times, he has been generous to Northwestern, in a low key and intermittant style. Regarding the market information, the biz--guy consultant at the Cafritz meetings was the least professional of all. His figures/data barely skimmed the surface. I am not sure that any here understand the range of wealth to povery in the area. I will be bold on the "underserved markets" idea. Perhaps people on Route One -- despite wanting some shopping improvements -- don't define themselves as consumers needing more, more, more, more. The click-economy of web-based vendors makes transaction costs between consumers and produces very efficient for many products. Shopping may be oversold, in the emerging I-economy. Re the financing angle, what the Cafritz and Landy properties share is that each parcel has been held for a long time. The assets held over time represent less need for financing, than say the EYA project that is based on land purchases made in the last, say, five years or so.

Sidebar: Marvin Blumberg’s philanthropy is not as easy to see as the Cafritz family. I know that at times, he has been generous to Northwestern, in a low key and intermittant style.

Regarding the market information, the biz–guy consultant at the Cafritz meetings was the least professional of all. His figures/data barely skimmed the surface. I am not sure that any here understand the range of wealth to povery in the area.

I will be bold on the “underserved markets” idea. Perhaps people on Route One — despite wanting some shopping improvements — don’t define themselves as consumers needing more, more, more, more. The click-economy of web-based vendors makes transaction costs between consumers and produces very efficient for many products. Shopping may be oversold, in the emerging I-economy.

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]]> By: David Daddio http://rethinkcollegepark.net/blog/2007/436/comment-page-1/#comment-36020 David Daddio Tue, 07 Aug 2007 16:38:57 +0000 http://rethinkcollegepark.net/blog/2007/436/#comment-36020 They have some sort of market study. You can't get financed on a whim (without a market study) unless of course you are financing yourself (and you would still have one done). One problem with these studies is that a lot can happen between when they are conducted and when a project is built out. They have some sort of market study. You can’t get financed on a whim (without a market study) unless of course you are financing yourself (and you would still have one done). One problem with these studies is that a lot can happen between when they are conducted and when a project is built out.

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]]> By: Route 1 Growth http://rethinkcollegepark.net/blog/2007/436/comment-page-1/#comment-35921 Route 1 Growth Tue, 07 Aug 2007 02:31:56 +0000 http://rethinkcollegepark.net/blog/2007/436/#comment-35921 Not necessarily so, Marvin Blumberg is putting up the Landy project without any market analysis. Univ. Town Center's sales are very slow for the almost completed loft condo building. Recent market analysis in our area is very uneven in quality. Not necessarily so, Marvin Blumberg is putting up the Landy project without any market analysis. Univ. Town Center’s sales are very slow for the almost completed loft condo building. Recent market analysis in our area is very uneven in quality.

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]]> By: David Daddio http://rethinkcollegepark.net/blog/2007/436/comment-page-1/#comment-35909 David Daddio Tue, 07 Aug 2007 01:31:44 +0000 http://rethinkcollegepark.net/blog/2007/436/#comment-35909 Maybe the best explanation would be that the developers will make more money from a mixed use project (also they will make more money from a higher density project). Whatever market analysis they have done must have substantiated this fact or they wouldn't even pursue a zoning change. Maybe the best explanation would be that the developers will make more money from a mixed use project (also they will make more money from a higher density project). Whatever market analysis they have done must have substantiated this fact or they wouldn’t even pursue a zoning change.

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]]> By: Kevin Fallon UM '93 http://rethinkcollegepark.net/blog/2007/436/comment-page-1/#comment-35845 Kevin Fallon UM '93 Mon, 06 Aug 2007 18:18:05 +0000 http://rethinkcollegepark.net/blog/2007/436/#comment-35845 what shopping center is that in the photo? what shopping center is that in the photo?

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