Comments on: Heritage Row Gets Postponed

By: Rod Johnson

Rod Johnson — Sun, 28 Feb 2010 16:54:59 +0000

When you build something like this, you have to balance costs against possible revenues. If a building costs $X per square foot to build and units can be sold for $Y in this market, you have a pretty definite minimum number of units you have to build if you want to break even, let alone make money. Arbitrarily reducing the number of units below a certain threshold simply means the project could never get financing. Developers and lenders are pretty good at doing this basic math.

By: Joanne

Joanne — Sun, 28 Feb 2010 16:17:49 +0000

There is a house on Packard near Hill, a yellow Queen Anne I think, that has an addition that is being added unto the back. It isn’t much taller than the rest of the house and goes to the back of the property. From the street, the house doesn’ appear to be changed until you notice the addition in the back which will match the rest of the house. Now why can’t De Parry add to the back of the current homes and match the siding/color and height even if it means a possible decrease in number of units?

By: Diane Giannola

Diane Giannola — Wed, 24 Feb 2010 14:09:29 +0000

oops…it was Mary this this time. My apologies.

By: Diane Giannola

Diane Giannola — Wed, 24 Feb 2010 14:08:41 +0000

Hi Dave,

Nice coverage of the planning meeting. However, I would like to clarify one of my comments that you mentioned above..

When I was inquiring whether tearing down one of the houses would make it easier it was in response to my inquiry about whether moving all four houses from their original foundations was ideal or necessary for the project. They said they needed to shift the houses to make room for the entrance to the parking garage. I then asked if tearing down one of the houses (in lieu of moving all four from their foundations) would help.

Just wanted to clarify that.