Comments on: Crabtree Place Goes Back to Drawing Board http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/ The Latest in Retail, Entertainment, and Development in Raleigh Thu, 28 Aug 2008 10:08:38 +0000 http://wordpress.org/?v=2.6.1 By: jbgraves http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-827 jbgraves Fri, 25 Apr 2008 16:22:04 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-827 Condos are scaring most everyone at this stage of the game so I have decided to call them stacked townhouses. That makes them easier to sell. Condos are scaring most everyone at this stage of the game so I have decided to call them stacked townhouses. That makes them easier to sell.

]]> By: Ernest http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-826 Ernest Fri, 25 Apr 2008 12:25:41 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-826 I agree with both jbgraves and Subway Scoundrel... The developers are not to blame in this case. While other projects have fallen victim of their developers' non-stop tweaking and changing, this project is more about meeting general market demand. Like Dana mentioned, a stronger rental market may "force" the developers to alter the scope of the project, and not necessarily the size. On the other hand, lenders will soon find out that if they don't loan money to developers with good reputation, they will soon suffer the consequences... In the future, they will beg for clients and bend over backwards to offer loans... It is a cycle and we've probably been sitting at its worst point. I agree with both jbgraves and Subway Scoundrel… The developers are not to blame in this case. While other projects have fallen victim of their developers’ non-stop tweaking and changing, this project is more about meeting general market demand. Like Dana mentioned, a stronger rental market may “force” the developers to alter the scope of the project, and not necessarily the size.

On the other hand, lenders will soon find out that if they don’t loan money to developers with good reputation, they will soon suffer the consequences… In the future, they will beg for clients and bend over backwards to offer loans… It is a cycle and we’ve probably been sitting at its worst point.

]]> By: Subway Scoundrel http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-824 Subway Scoundrel Fri, 25 Apr 2008 01:18:31 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-824 I think the issue on parking was not this project but the one down the street. I like the latest plan but I guess it will not be built. Too bad but I can not blame the developer. In this banking market, no way would this go forward, esepcially with condos in the mix. I think the issue on parking was not this project but the one down the street. I like the latest plan but I guess it will not be built. Too bad but I can not blame the developer. In this banking market, no way would this go forward, esepcially with condos in the mix.

]]> By: jbgraves http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-815 jbgraves Thu, 24 Apr 2008 17:24:25 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-815 Don't always rush to blam the developers. You know they are given an outline of what is needed by the city and their long range plan... Which is not always perfect. Disposal or no disposal? Anyone? Don’t always rush to blam the developers. You know they are given an outline of what is needed by the city and their long range plan… Which is not always perfect. Disposal or no disposal? Anyone?

]]> By: Dana http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-813 Dana Thu, 24 Apr 2008 15:17:23 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-813 I agree (that it's an eyesore). Surely, though, the suffocating banks are putting enough pressure on Weingarten to get moving. I agree (that it’s an eyesore). Surely, though, the suffocating banks are putting enough pressure on Weingarten to get moving.

]]> By: Jerry http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-812 Jerry Thu, 24 Apr 2008 14:52:38 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-812 What an eyesore this area is. This has been going on for years. Another Raleigh project that never get's off the ground. If anything, this design needs to have an urban flavor, something very different. If they do not break ground by Q408, the land should be "For Sale". What an eyesore this area is. This has been going on for years. Another Raleigh project that never get’s off the ground. If anything, this design needs to have an urban flavor, something very different. If they do not break ground by Q408, the land should be “For Sale”.

]]> By: Dana http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-811 Dana Thu, 24 Apr 2008 14:20:42 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-811 As I understand the plan, there is a ton of parking...all below at the Crabtree Valley Blvd elevation up to the retail level - like North Hills is. I think that their concerns probably have to do with allocation of square footage in: * A dying brick & mortar retail age, * A sluggish condo market * A strong apartment market I wish that Soleil would alter their project to blend across Creedmoor into this project as well as Crabtree Village. The whole area could be a pretty cool, walkable, connected village and future rail stop if done right. The fear is that it becomes another disconnected South Square-type fiasco. As I understand the plan, there is a ton of parking…all below at the Crabtree Valley Blvd elevation up to the retail level - like North Hills is.

I think that their concerns probably have to do with allocation of square footage in:
* A dying brick & mortar retail age,
* A sluggish condo market
* A strong apartment market

I wish that Soleil would alter their project to blend across Creedmoor into this project as well as Crabtree Village. The whole area could be a pretty cool, walkable, connected village and future rail stop if done right. The fear is that it becomes another disconnected South Square-type fiasco.

]]> By: Jenna http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-809 Jenna Thu, 24 Apr 2008 13:46:04 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-809 If I remember correctly, there have been lots of public complaints about this design - concerns about parking, maybe? This is a chance to correct those problems. I'd rather them go back to the drawing board and get it right than slap something together that doesn't meet the area's needs. If I remember correctly, there have been lots of public complaints about this design - concerns about parking, maybe? This is a chance to correct those problems. I’d rather them go back to the drawing board and get it right than slap something together that doesn’t meet the area’s needs.

]]> By: Ernest http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-808 Ernest Thu, 24 Apr 2008 12:33:38 +0000 http://www.gogoraleigh.com/2008/04/23/crabtree-place-goes-back-to-drawing-board/#comment-808 Round and round we go with this project, which pre-dates Soleil Center 1, for those of us who care to remember... It is sad that so many years of stalling have not taught developers anything, be that the previous, or the new developers. Anyway, I hope they don't scale down the project, or at least they make it more urban looking. Any more stalling and I am going to purchase that land and develop it, myself :LOL: Round and round we go with this project, which pre-dates Soleil Center 1, for those of us who care to remember… It is sad that so many years of stalling have not taught developers anything, be that the previous, or the new developers. Anyway, I hope they don’t scale down the project, or at least they make it more urban looking. Any more stalling and I am going to purchase that land and develop it, myself :LOL:

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