Oh my gosh. I was out most of last week so I missed the article in the Trib about tough times at the Granite Building, where former New York Times style editor Holly Brubach is having a hard time renting out her condos. (Thanks to Chris Briem for pointing to it today.) From the Trib:
Holly Brubach hasn't given up on selling residential condominium units in the ornate Granite Building, Downtown, even though she hasn't had one sale in nearly two years.
... Brubach acknowledges she's disappointed in the response to her residential sales effort so far... "What I have learned since marketing the building myself is that most of the action in Downtown condominiums has been at the lower end of the market," she said. "I now realize the number of people that could afford a large, more expensive unit, is limited," she said.
So... uh... if you build it... they don't come? Seriously. The idea is that if we build such things, people will move here from Cleveland and New York and Paris to fill them up. Or at least move downtown from Cranberry. Right? Well. It doesn't appear to be working.
Why are we subsidizing the Piatts and PNC to build fancy condos, again?
Head to Mr. Briem for more coherent musings...
>Why are we subsidizing the Piatts and PNC to build fancy condos, again?
Ahhh for the same reason we're building a arena for a billionaire and a light rail extension to a casino...
Because the Piatts, Rohr, Burkel, Barden and Stabile keep heaping perks on and pouring money into the campaigns of Dan O'narato, James Burn, Luke Ravensthal and the "leaders" of the local political machine.
The real question is: when are people in the region going to wake up? And sadly the answer appears to be never.
Is there any other city in the country were someone like Luke Ravensthal could get elected over Mark Desantis? No, and yet it'll happen here.
Posted by: Paul | October 04, 2007 at 04:46 AM
We have different opionions about different living spaces. For some, condo living is the best. Others might not find them so agreeable. We have different needs and situations that's why we have different points of view about the best living spaces.
Posted by: Colby Moore | September 19, 2011 at 05:51 AM