More Downtown Residential Space?
The Statesman reports today on a proposed new development at the corner of Congress and Second. As I’ve written before, I love the idea of more residential building going on downtown. But, I’m afraid I’m going to have to come out against this one. Something about the repeated statements that this would be a luxury project and prices of the condos would be on the upper end of the price range turned me off. We need mixed residential in the downtown area. If you’re going to only put condos starting at $400,000 and going up to a million or so then you’re pushing people out of downtown in the long term. Even the commercial/retail spaces will cater to this demographic and you’d wind up with a downtown full of things the rest of can’t afford.
I call this idea, bad idea jeans. That makes me mad, too. Because I’ve been all over downtown development.