Given the cost of raw land, density is the key to viability. It is not out of line what you are seeing in other developments.
More Quotes from Brian Gordon:
From a development standpoint, the perceptions of the market are as important as the economics, and any activity to promote the industry is probably important to alleviate market concerns.Brian Gordon
Developing a critical mass at that site is paramount. The project is not going to capture foot traffic like we see in properties on or adjacent to the heart of the Las Vegas Strip.
Brian Gordon
Despite above average market expansions through the first quarter of 2006, the office sector held its ground as demand nearly matched new supply. The amount of space that came online during the current quarter matched last year's record-setting quarterly average, and was well above the nearly one-half million square feet quarterly average posted during the past decade.
Brian Gordon
It's a mature market area that hasn't seen a lot of new investment. The low vacancy rates are being driven by a lack of new inventory and relatively strong densities. As a result, new retail centers are performing well in the area.
Brian Gordon
We're looking for demand to continue to stabilize as projects move forward. It is slowing down, there's no doubt about it.
Brian Gordon
Any time you talk about rising costs for certain necessities it is a cause for concern. It's particularly difficult for seniors who are on tight, fixed incomes.
Brian Gordon
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