Comments on: ‘The Hills’ Runs Out of Money http://dtraleigh.com/2009/02/the-hills-runs-out-of-money/ A Downtown Raleigh Blog Wed, 08 Feb 2012 15:32:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Projects stalled, but students kickstarting the warehouse bloc « The Shiny Orange Rock. The soapbox 90% of 100% of everyone likes. http://dtraleigh.com/2009/02/the-hills-runs-out-of-money/#comment-1595 Projects stalled, but students kickstarting the warehouse bloc « The Shiny Orange Rock. The soapbox 90% of 100% of everyone likes. Fri, 06 Feb 2009 17:31:31 +0000 http://dtraleigh.com/?p=576#comment-1595 [...] Filed under: Shiny News. This just in. | Tags: development So, unfortunately, the developers of the Hillsborough project at the corners of Hillsborough, Morgan and Dawson have finally thrown in the towel and are calling [...] [...] Filed under: Shiny News. This just in. | Tags: development So, unfortunately, the developers of the Hillsborough project at the corners of Hillsborough, Morgan and Dawson have finally thrown in the towel and are calling [...]

]]> By: SCP http://dtraleigh.com/2009/02/the-hills-runs-out-of-money/#comment-1593 SCP Fri, 06 Feb 2009 15:50:45 +0000 http://dtraleigh.com/?p=576#comment-1593 It is not a big surprise the developer's were unable to obtain financing. With the current state of the economy, I would agree that there will not be a lot of interest. Which is why a parking lot would be a great way to create some short term income for the lot. It is not a big surprise the developer’s were unable to obtain financing. With the current state of the economy, I would agree that there will not be a lot of interest. Which is why a parking lot would be a great way to create some short term income for the lot.

]]> By: Ernest http://dtraleigh.com/2009/02/the-hills-runs-out-of-money/#comment-1592 Ernest Fri, 06 Feb 2009 13:56:11 +0000 http://dtraleigh.com/?p=576#comment-1592 Leo, I was just as saddened by this news as everyone who liked to see The Hillsborough standing on that site. While I'd rather see something above 30 floors - or even above 40 floors - being built on that site, the implication of losing this project is far greater. It may help some other projects take off, it may also send a negative message to anyone who wishes to try. The location is ideal, and even at a slow pace we may see additional projects materialize nearby. I must also say that it was a great chance to fill a few gaps. Imagine the line that The Hillsborough, Dawson, Hue and Park Deveraux would create. If Empire Properties was to build something across from there (adjacent to Clarion Hotel, we could see a nice urban strip developing. Your idea of using it as a staging area is good, although the state would not be interested to use this parcel for Green Square. For one, they already use the parcel that will become the west wing of Green Square. Second, it is at least 2 blocks away, which may not serve the purpose. In one of the few times I agree with councilman Crowder, I think that it could serve as the site for the city's Public Safety Center, and even more. Given the LEED standards that will be used, it will be just as tall as The Hillsborough. But it is too late for that now :( Leo, I was just as saddened by this news as everyone who liked to see The Hillsborough standing on that site. While I’d rather see something above 30 floors – or even above 40 floors – being built on that site, the implication of losing this project is far greater. It may help some other projects take off, it may also send a negative message to anyone who wishes to try. The location is ideal, and even at a slow pace we may see additional projects materialize nearby. I must also say that it was a great chance to fill a few gaps. Imagine the line that The Hillsborough, Dawson, Hue and Park Deveraux would create. If Empire Properties was to build something across from there (adjacent to Clarion Hotel, we could see a nice urban strip developing.

Your idea of using it as a staging area is good, although the state would not be interested to use this parcel for Green Square. For one, they already use the parcel that will become the west wing of Green Square. Second, it is at least 2 blocks away, which may not serve the purpose. In one of the few times I agree with councilman Crowder, I think that it could serve as the site for the city’s Public Safety Center, and even more. Given the LEED standards that will be used, it will be just as tall as The Hillsborough. But it is too late for that now :(

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