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TheSausageFattener t1_iz7ovt8 wrote

Reply to comment by Dry_Faithlessness135 in New design for Fane Tower keeps height the same by Rogue-Island-Pirate

For me it just doesn’t seem to make sense. Just flat out. Its as tall as it is so it can say that its the tallest. If you look at this developers projects a lot of them are renovations of existing buildings in the 4-5 story range in New York, and were not talking about a huge portfolio here. Here’s their website:

https://faneorg.com/index.html

As I recall their financing is also a bit up in the air, probably thanks the the slowdown in the housing market, increased interest rates, and the inexperience of the developer at executing something like this.

They seem most equipped to build a 5 over 1, not a 46 story tower. This is just stupid, and I’m looking at this thing thinking that even if they manage to get it built I cant see its vacancy rate being low or it penciling out.

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FunLife64 t1_iz9cuyb wrote

^^ these comments are why PVD is lagging behind other mid size cities in development.

“This project makes no sense” is crazy. There’s extreme housing demand at all price points!

Build the damn thing already, it will not have any adverse impact on you.

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TheSausageFattener t1_iz9mj7q wrote

Except this isnt on PVD, its on the idiots at the state level who refuse to reform zoning laws or address the housing crisis by building up missing middle housing or transit oriented development around the absolutely barren stations in NK and Warwick. Its on the guys at the state who picked this developer and project. Instead we get these moonshot projects where we go for a 46 story tower built by somebody with zero experience in executing projects of this scale. This is the equivalent of the DOT picking a guy who lays concrete for patios to pave I-95.

Im good with more housing, but this state handles development in such a ludicrously stupid fashion that its no wonder its lagging behind. Whats their solution for TF Green Airport Stations terrible ridership? To spend even more money on giving it an Amtrak link instead of helping or pushing Warwick harder to develop around it. They fucked up Quonset, they dragged their feet with the other I-195 parcels, and now their magnum opus will be somebodys vanity project with a tenuous chance of being built.

This is dumber than Tidewater Landing, which I support, because its desperate.

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lightningbolt1987 t1_izah3yw wrote

The developer previously built a 47 story tower in Toronto. He has experience.

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FunLife64 t1_izauhbv wrote

I love that suddenly they are “inexperienced”. Seems like grasping at straws to hate a project.

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Thac0 t1_izpyv2s wrote

It is grasping. The city is growing and going taller conserves space. The tower will add population density and foot traffic in in the area to support local businesses just like the Superman building. Is not like either of these spaces are exiting green spaces to protect or are going to demo historic buildings

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Kraft-cheese-enjoyer t1_izf0ona wrote

I mean, if you look at their "Chaz Yorkville" on their website they seem to have built a 47 story tower in Toronto.

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