Skip to comments.High-Rise Apartment Buildings Sprout in Downtowns Nationwide
Posted on 04/26/2014 11:21:33 AM PDT by MinorityRepublican
It would be hard to confuse Minneapolis for Manhattan, but the Nic on Fifth might make it possible.
The Nic on Fifth is new 26-story apartment building that sits smack on a light-rail stop and boasts amenities like a pool deck and a private dog park. From the top floor you can see miles of the Mississippi river and the field where the Minnesota Twins play.
When the building opens in August, it will be one of two new rental towers that are stretching this city's skyline andwith monthly rents ranging from $1,450 for a studio to $9,000 for a penthousecharging prices rarely seen in the Twin Cities.
Minneapolis isn't the only place building upward. While the U.S. housing market as a whole may still be creeping back from recession, downtowns around the country are seeing a veritable boom in high-rise apartment buildings.
This year, 74 rental towers are on pace to be completed, and there are 81 on the books for 2015the highest number since at least the 1970s, according to Axiometrics, a Dallas apartment-research firm that defines a tower as 15 stories or more. At the same time, strong apartment rents and sluggish demand for office space have resulted in some high-rise buildings being converted to apartments.
Overall, the growth has been largest in denser and pricier markets like San Francisco, New York and Chicago. But in percentage terms, the increase has been most dramatic in smaller cities like Minneapolis, which is building apartments, including high-rise apartment buildings, at the fastest pace in decades.
In Austin, the seven apartment towers that will be completed between 2013 and 2015 compares with four from 2005 to 2012, according to Axiometrics. Houston has eight apartment towers set to be completed in 2014 and 2015, compared with six from 2005 to 2012.
(Excerpt) Read more at online.wsj.com ...
Car traffic is becoming so hideous that the suburbs are no longer viable.
Yup. No need for your own transportation. Part of the plan to move folks out of the countryside and in to the cities. I’m sure there are plenty of urban dwellers that absolutely LOVE this idea. No need to go out in to the rural areas for anything. Yucky toofless hillbillies live out there.
Ton of them going up in Downtown Dallas.
Dude, nothing is stopping anyone from living in the suburbs or even the country. Some people simply don’t want to deal with the driving. Especially in Minnesota, of all places.
Needs a fireplace. And I don’t see the wet bar, but it might be behind the camera.
Where is the nearest grocery store?
Until some liberal federal judge decides t o poor are being discriminated against and orders 20% of the apartments be rented to low income housing recipients. Then you'll have a nice ghetto in the middle of your city.
See how many people want to pay 1500 a month to live next door to Teniqua and Rasheedy and their thumping rap music.
That’s already happening in the burbs, thanks to Section 8.
You live in that place? You have your groceries delivered.
This new urbanism is an attack on the conservatives who prefer the comfort and safety of the suburbs.
These condo towers serve the function of drastically increasing urban property values, drawing the wealthy from the suburbs and thus hurting suburban property values which thereby force those who once lived in the urban blight to the suburbs.
That in turn increases crime in the suburbs and impacts those who worked hard to buy a piece of the American Dream out in the conservative suburbs.
LOL! Nothing is stopping them............yet. Minnesota, winter time, tons of fun.
Well, in the 14-storey building I live in (on the 14th floor, with a view of the Carpathian Mountains), the nearest grocery store is on the ground floor.
So I just take a trip downstairs.
Also, my bank and the post office is on the ground floor as well. And the tobacconist as well. :)
Lots of them going up in Hollywood, Ca too... but I wouldn't want to live in a highrise in Los Angeles. Besides, there's no parking around there already... will be 10 times worse with these things.
Only because liberals won’t let us build more roads and pour money into public transit and trains.
I bet that’s awesome.
We are planning on visiting Prague next year, can’t wait.
I don't see it as a threat to the suburbs. I did my time in the suburbs, raised my 2.2 kids there and did the whole Little League routine with the endless car trips to Blockbuster's, Chuck E Cheese, bowling alleys, strip malls, miniature golf, ice cream stands, and so on.
I mowed lawns, raked leaves, shoveled snow, painted sheds, cut firewood and all that other suburban kind of stuff. I hosted easily 2,000 backyard barbecues over the years with neighbors in sport shirts drinking cold long necks, getting bit by mosquitoes and having to spray for ants, wasps and other pests.
Now that the kids are grown, I yearn for a less complicated life. I find a condo in an urban high-rise pretty appealing. Zillions of restaurants and cafes within walking distance of the ground floor. A balcony to sip a glass of wine, read a book and take in the view. A pair of binoculars to be a nosy neighbor without ever knowing who they are. Enough space for the wife and I but not enough space to host "extend-their-welcome" guests.
It’s all part of the plan by HUD, the DNC and big city politicians to create population density with even more people as they know that the higher the density of a population, the more liberal the people will be.
Look at the most densely populated cities in America. New York, San Francisco, Chicago, Boston and the are all very liberal Democratic strongholds.
Do not think that this is all coincidence.
They want to destroy the suburbs socially, politically and economically and that will draw the poor to the suburbs causing suburban areas to also go Democrat.
On the other hand, could it also mean more conservative voters will move to the cities and dilute the liberal stranglehold they have now?
Boston is pushing toward ultra-small apartments so that young professionals can afford to live in the city. The new apartments are about 450 square feet (total) and cost about $2000 a month.
It’s all about affordability.
And Agenda 21.
Girl I know (a cutie) was checking out her "neighbors" one day. Saw a guy looking through a telescope. She waved. He waved back.
The tour we’re looking at goes through there.
Yes, all of that may appeal to you, but the facts are that the higher the density of a population, the more likely the residents of that area will be Democrat.
I’m not saying that it would ever turn you into a liberal, but statistically, people become more liberal when they live in densely populated urban areas.
That’s not news, this has been going on for quite some time in Seattle.
If your grocery store sells booze, you truly live in heaven.
Excellent. It’s a beautiful place. I hope you enjoy your trip to the Czech Republic.
Personally, I love living here. No complaints on my part!
Yes, grocery stores here all sell booze. Sort of like California, and pretty much all the major US brands, Jack Daniels, etc., can be found here, as well as local brands and types of booze.
And of course, beer. Oceans and oceans of beer, LOL!
“On the other hand, could it also mean more conservative voters will move to the cities and dilute the liberal stranglehold they have now?”
It could mean that, but it does not mean that.
You cannot find one urban area in the US with a densely populated population that not only does not vote Democrat, but has become even more Democrat over the last ten years.
Central suburban NJ, tons of 3 floor condos going up these days..
And we have a long way to go.
It's a pipe dream anyway because I could never afford the type of high-rise apartment that would suit my needs. Maybe I could afford a brownstone condo unit in Back Bay or Brooklyn - we'll see!
The gubmints plan is to have EVERYONE living in those high rise death traps. They HAVE TO SAVE the environment out there in the country so putting everyone one in those boxes would make it much better? (sarc)
Driving in on this highway
All these cars and upon the sidewalk
People in every direction
No words exchanged
No time to exchange
And all the little ants are marching
Red and black antennas waving
They all do it the same
They all do it the same way
When I was in my 20s and single, urban living was OK. Now that I’m approaching 60, you couldn’t pay me enough to go back to it and leave small town life.
I’ve lived in one for about 15 years. Cut my commute from 75 minutes to 3. I put 6500 miles on my car in the last two years. The gas savings is really nice. Urban living does have advantages however it’s really more of a young folks lifestyle. This is why I’m shopping for a suburban home again.
Agenda 21 will have everyone living in downtown high rises. Easier for the elites to control the masses. Downtown will be a deathtrap when the EBT cards read “Error” and the feral tribal parasites begin rioting.
“In real estate economics, the first sign of a RE recovery is an increase in rents, then followed by an increase in the building/new construction of rental units.”
Real estate is very local. In my county, there are many high density apartment projects under construction, right now.
They are often built as individual condos but kept as rentals, awaiting the time later when the owner can benefit from selling them off separately.
Historically in the area, 2 stories was typical. Now the new projects are four stories.
The project provides for parking on site, but there are no new streets, roads, highways. So traffic will eventually be worse.
Some of these apartment projects are going up, on previous retail sites. Retail was overbuilt, so it solves that.
(I’m describing projects in Orange County, California.)
I’ll keep the rural life I was born into-it is hard at times, trashy by city standards, and you do have to drive your 4X4 to the grocery store, and provide your own protection-just about anything else can be ordered online, or by phone.
But it is cheaper, the air is clean and after dark there are the sounds of donkeys, coyotes, owls, and the occasional dog instead of sirens...
No matter how elegant and convenient the condo/apt/flat, even if I could afford those prices, just the thought makes me claustrophobic-I’m not a bee or an ant-I’d run away screaming in a week or less...
If the Illuminati is really running the world, then why did they allow forced busing to happen? That was the biggest incentive for getting the middle class to move out of city centers in order so they could send their kids to neighborhood schools.
If some people are moving back toward city centers because the traffic is getting horrible or because they prefer a more urban lifestyle, and investors are willing to meet the demand by building highrises then so be it.
My grocery store didn't sell booze, but I never ran out. My takeout drivers would know to call me when on their way to ask if I needed any.
The pizza driver was so smart that he figured out that, when I called after midnight to order a pizza, I didn't want the pizza. ;)
And we have a lot going up all over in Houston. Ongoing battle between home owners in small, older single family dwellings living within the 610 Loop versus the City and high rise builders. Narrow side streets which currently have maybe 20 homes and 40 cars being replaced by thousands and thousands of high rise residents with thousands of cars. The mayor has to have all those tax dollars.
Drove from Houston to Pottsboro weekend before Thanksgiving last year on Highway 75. Lots of road construction. Thought I’d never get through Dallas and I thought Houston was bad. Won’t do that again.
Along 75 in Dallas, they are everywhere.....$1200 to $2500 for 900 square feet. Ugh.
Life in “The Hive”.
I used to like parking my car in the high-rises garage and the dry cleaners was right inside the door of the building. Pick up laundry, elevator to the 35th, and my work clothes are done for the week.
Tiny cubicals for environmental idiots!!!
Obviously there are Demand pressures which have caused a Supply of high rise condo towers in urban areas.
However, there are powers at work here that are far beyond Free Market factors.
For example, it is not uncommon for the developers of these condo towers to receive tax abatements from local governments. It is also not uncommon for HUD and other federal agencies to aid in the financing of these liberal urban condo towers.
It is extremely common to see cites invest transportation funds into public transit and urban roads and bicycle lanes and ignore the funding for expressways to and from central business districts and the suburbs.
And now they are even building HUD housing projects out in the suburbs not far from suburban schools, parks, Christian churches, Bed Bath and Beyond, Applebees, Chucky E Cheese and even fine department stores.
Expensive, vertically stacked, glorified closets in the sky with the concrete jungle down below. No danke.