Comments on: The West Slope Of First Hill

By: Cody Shead

Cody Shead — Mon, 16 May 2011 12:56:36 +0000

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By: Margareta Cowels

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By: perennial shade plants

perennial shade plants — Fri, 14 Jan 2011 14:59:20 +0000

My local TV station reported this morning that, as a result of the recession, almost everyone is starting to grow their own produce. Is anyone here saving money by growing their own produce?

By: Reynaldo Soileau

Reynaldo Soileau — Sun, 29 Aug 2010 06:51:06 +0000

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By: Time Passages (They Grow Up So Fast) | hugeasscity

Time Passages (They Grow Up So Fast) | hugeasscity — Fri, 01 Jan 2010 23:26:52 +0000

[...] 5.5.08: 7th and Madison [...]

By: Thank You Sir, May I Have Another | hugeasscity

Thank You Sir, May I Have Another | hugeasscity — Mon, 05 Oct 2009 16:37:33 +0000

[...] 7th & Madison (907 7th Ave): 205,000 sf, second photo below, see also previous post. [...]

By: Bring On The Life Care For Successful Aging | hugeasscity

Bring On The Life Care For Successful Aging | hugeasscity — Mon, 26 May 2008 07:03:49 +0000

[...] Skyline is 26-story, full-block project at 9th and Columbia on the steep west slope of First Hill. Developed by Greystone Communities for Presbyterian Retirement Communities Northwest, and designed by Perkins Will, the 199-unit complex will offer residents independent living, as well as access to assisted living, skilled nursing, and memory support, if needed — a.k.a., “life care.” You pay an up-front fee to get in, and that gets you a discounted rate on any expensive care you may need in the future. Everything is taken care of. Isn’t it fun to think about such scenarios? [...]

By: Steve

Steve — Wed, 14 May 2008 16:56:14 +0000

Thanks, flotown and dorian gray. This analysis makes a lot of sense — I really appreciate your time and willingness in spelling this out.

(Though the utopian in me is sad to see how hard it would be to build a new building with no parking.)

By: flotown

flotown — Tue, 13 May 2008 18:15:43 +0000

Dorian Gray- I would propose a simpler way to get at Steve’s questions, which is to assume units costs of $30k per stall and $140 (hard cost) plus 50% for all soft costs for the above slab unit, and assume the ground floor reail can carry its own water, so to speak, for the podium at say $30-$35 per sf NNN rents. so that’s three high-level variables to play with to test sensitivity. The last is land, which costs at least $30k/unit anywhere worth building apartments. Lets assume $40k for sake of say, a mid-rise in non-downtown NC zones.

On a per unit basis, we have:
-Land =$40k
-Unit Cost (@750 sf 1 BD)=$158k
-Parking cost =$30k
=Total $228

So, garage cost, assuming 1:1 parking, is 13% of costs in a simple static analysis. IF you could remove all parking and still lease the building for the same rates, that would theoretically translate into similar rent savings, again, on a static analysis.

In reality, that “savings” could be eaten up by higher land costs, larger developer margins, depending on elasticities for land and rental products. Also, the likelihood on building no parking is slim, so even if you did not rent a stall, your rent would probably cross subsidize a portion of the cost of the stalls that are built

By: Jason

Jason — Tue, 13 May 2008 00:01:48 +0000

Sorry for the off-topic comment, but I couldn’t find a “contact” form on your site. I think your site has been hacked. I was reading your site on my BlackBerry, which doesn’t support style sheets, and I found a LARGE number of nasty-looking links at the bottom of the page. Look at the source for a block starting with u style=”display:none” and you’ll see what I mean.

I saw this on another Wordpress site as well. Looks like an exploit’s going around and you got hit.