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Peter Callaghan has weighed in on the grocery store/condo mega project landing on top of USA of Yesterday. Our discussion became the most verbose and complex threads in Exit133’s history at more than 110 comments at last count. Callaghan calls the building “one of the coolest spots left in town” and argues that the loss isn’t worth a grocery store – or at least the city and the people shouldn’t subsidize it.
If the owners want to tear it down along with the rest of a long city block for what looks like an uptown version of the Thea’s Landing monolith, they can. But they shouldn’t get financial help from city taxpayers and financial contributions from their neighbors.
Because, in truth, this isn’t a private project. It is the latest result of public policy decisions aimed at changing the economics of downtown development – for better and now for worse.
By state law and city ordinance, any multi-family housing units built within designated areas enjoy a 10-year property tax abatement on the value of improvements. In this way, Tacoma taxpayers subsidize living in some of the priciest homes in town.
What I have to ask is this, where’s the creativity? Will another starbucks/tully’s color schemed mixed use project become something we’re proud of ten or twenty years from now? While I would love to see the building reused or saved, couldn’t the new architecture at least bow its head toward what was there? New condos and higher density doesn’t necessarily mean we have to tear down every corner of the lot. If we can’t save the building (and several will try), at least show me a new mixed use project with a huge fin, big windows, and a Cadillac in the window! I realize it takes work, but I believe some creativity will be worth it in the long run.
(Derek Opens Can of Worms)
Link to The News Tribune
Link to Brett’s Letter to The News Tribune
Previously on Exit133
Link | Posted on 23. January 2007, 08:54
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Derek, I totally agree with you. While I would rather see the building preserved, I would at least like to see something other than another run-of-the-mill 200X mixed-use condo building thrown up. Design is of course quite subjective but I would like to see the subsidy apply only to well-constructed, well-designed buildings that won’t look boring 24 months from now and ugly 24 years from now.
Okay, so the scale’s probably too big for something that’s interesting in the way that the Java Jive or Hat ‘n’ Boots are interesting, and something like the EMP might be a bit much, but please give us something different, something better.
1 | Posted by Erik S | Jan 23, 10:50 AM
I think generally some of the feelings about losing the building, at least with myself, has to with the recent loss of the United Methodist Church
Here’s how I thought of the different issues, which made me support the new project:
1) The Mueller-Harkins isn’t on the historic registry for good reason. It is basically a cheaply built concrete poured (1949) building made to sell cars with no unique mason or detail work I can see.
(Yes, perhaps there are buildings from the modern era that should be saved, this isn’t one of them)
Much of the attractiveness seems to lie in the cars that are in the building, not the poured concrete structure.
2) The building, even when originally built, was not a good one for a downtown as it is a surface level and large parking garage.
This differentiates it from other historical downtown buildings.
Livable, walkable cities usually work hard to fill in their surface level parking lots and short parking garages. If we can’t fill in parking lots and garages, we are going to have a hard time restoring Tacoma with enough intensity of use to make it attractive.
Much of Broadway and Commerce is filled with parking garages making it difficult to reuse the buildings and transform the area.
3) The building isn’t one that is designed for a reuse that is very beneficial for downtown such as having any significant height.
4) The proposed building is better designed, in my opinion that 95 percent of the projects built in the last 75 years in Tacoma.
The proposal is a multistory mixed use building with retail on the first floor and commercial and/or housing above with a number of stories. This is a tried and true formula which has worked to add life to downtowns in other cities like Vancouver (Canada), Seattle, Portland, and Bellingham.
Most of the buildings built in Tacoma are single story buildings in strip malls surrounded by huge parking lots which people downtown are required to drive to.
The buildings built downtown are getting better. Yet, we still have many condos being built downtown that don’t have any retail on the first floor which makes the area “sleepy.”
Other condos being built are only two or three stories tall.
There are only a handful of projects that are designed as well as the present one as far as functionality to benefit the area.
Finally, it gives this area of downtown a grocery store which many people downtown will be able to walk to, reducing their reliance on cars as much. It will be the closest grocery store to the center of the center of downtown. (And yes, 4 blocks makes a big difference).
The new grocery store will make much of downtown a “livable” community rather than living in an isolated apartment, house or condo.
2 | Posted by Erik | Jan 23, 11:08 AM
I’m going to be the third Erik to post on this thread.
I live right across the street from this new development, so I’m certainly partial to the life it will bring to the neighborhood. And I don’t have a particular attachment to saving the entire building.
BUT! I would love—love—to save the showroom. It has beautiful classic features and it would preserve the most important part. Why couldn’t that be worked in to the lobby of the hotel or as one of the restaurants?
Even if it were to go, I do believe that the building needs something. Perhaps the cascading water will be it, but I’d rather see them invest the same amount of money in interesting architecture around the entire exterior than add a water feature.
3 | Posted by erikemery | Jan 23, 11:14 AM
Erik Emery (? or “Erik E. Mery”?) I like your idea to incorporate the showroom into the new development and have been thinking about it myself. I’m not an architect and I’m sure that there are technical challenges to such a proposal but that would be a wonderful middle ground and I think that the grocery would fit well into the showroom area while still allowing plenty of space for new construction.
Erik (“Just Erik”?) I do hear your arguments about density and am in fact a big fan of mixed-use buildings. I must respectfully disagree with you on the matter of the proposed design, however that’s a very subjective thing. Along similar lines, I do not agree that a building has to have pre-war masonry features to be a classic. I like the early 19th century brick jobs as much as the next guy, however I see the Mueller-Harkins as a different kind of classic from a different period. Some classics are wooden, some are concrete, others are glass and steel. Again, that’s just my take on things.
Here’s to hoping (probably in vain) that the developers will change direction and try for something in line with Erik Emery’s suggestion.
Sidebar: should we start a Forum topic on Eriks/Erics so that we can sort out some preferred forms of address/reference?
4 | Posted by Erik S | Jan 23, 11:35 AM
I have watched this thread closely and have to agree with the first Erik’s (Erik1.0) comments, this building should give way to further development in the Downtown. Go rent “American Graffiti” if the cars in the showroom or the fins on the building take you to a warm fuzzy place, I want a thriving City to enjoy and the ole’ building just doesn’t fit the bill. Please Tacoma, let this one go.
5 | Posted by Dome Topper | Jan 23, 11:38 AM
I’ve got to stick with Callaghan on this one. A grocery is a must but this is not the place for it, and I’d still prefer to see some creativity/historical sensitivity in the design of the project. Ah well.
Also, I still don’t think that this site is actually downtown. Then again, perhaps downtown is creeping slowly north, running (slowly) away from the blighted brewery district.
6 | Posted by Erik S | Jan 23, 11:42 AM
erikemery = Erik Emery Hanberg. Though I rather like Erik E Mery, just because it sounds so jovial.
And to follow up on Dome Topper, I would be fine if Tacoma did “let this one go.” But if we’re going to tear down a cool building (historical or not) let’s replace it with another cool building.
7 | Posted by erikemery | Jan 23, 11:42 AM
Aw, DomeTopper, you had to go and screw up the “all Erik, all the time” vibe of the comments…
8 | Posted by jamie from thriceallamerican | Jan 23, 11:49 AM
“The proposed building is better designed, in my opinion that 95 percent of the projects built in the last 75 years in Tacoma.”
“There are only a handful of projects that are designed as well as the present one as far as functionality to benefit the area.”
You must be privy to information I don’t have, because I’ve seen the renderings and descriptions released to the public and don’t think there is any way you can draw these conclusions based on that information.
Concepts and schematics are a long way from final programs, finish materials and construction documents.
9 | Posted by tom waits | Jan 23, 11:52 AM
Are we talking about that 50’s building that looks like a giant cock with glass testicles? I agree with the Eriks. We gotta save that thing!
10 | Posted by RR Anderson | Jan 23, 12:02 PM
that’s just damn funny, in a middle school sort of way that I’m not above.
11 | Posted by Dome Topper | Jan 23, 12:12 PM
Brett works in the architectural field. I would love to see what could be done with the building and not loose any rooms/condos/retail space.
Oh and I have heard a few mentions about the Temple Church being demolished for the Metropolitan Apartments Phase II. They actually used the foundation of the building (which is about 3 stories) for the new building going up. Technically you could say they saved half the building. It was probably less about saving the church and more about cement costs.
12 | Posted by Jake | Jan 23, 12:32 PM
I am a big fan of historic preservation as long as it is applied in a manner that does not detract from a neighborhood or area.
From an urban design standpoint, leaving the Mueller-Harkins building at its current location and building up to 8 stories next door as proposed would be a visual disaster. This is the same dilemma facing Tollefson Plaza. Therefore, I would have to opine that the best solution for defining this ever-changing, developing urban neighborhood is to sacrifice the Mueller-Harkins for more complete usage of the site. Based on the renderings presented so far, this appears to be one of the more attractive developments out there and I think it should be embraced.
Tacoma has a long history of snubbing developers because of these type of concerns. In 2001, we prevented a major out-of-town developer from building a large, high-rise office complex in the Dome District. Others have been denied as well, including another out-of-towner wanting to build an office building next to the Luzon Building. I feel Tacoma is still not yet the city where developers are ready to wage bidding wars over the right to create large projects. If we have someone willing to design and build something of this magnitude, I feel we should not interfere and convince them Tacoma is not worth the investment.
And Drizell is not my real name (The secret is revealed!)
13 | Posted by drizell | Jan 23, 12:47 PM
You must be privy to information I don’t have, because I’ve seen the renderings and descriptions released to the public and don’t think there is any way you can draw these conclusions based on that information.
Concepts and schematics are a long way from final programs, finish materials and construction documents.
My obervations on the project was not on how aesthetically pleasing it was or what finish materials might be used but rather the overall mixed use design of the project, and the location of different components that were described in their press release and on their web site.
That doesn’t mean they can’t improve how the building looks, they probably can.
Even if it were to go, I do believe that the building needs something.
I agree. Tacoma needs to build with less stucco. The city is moving toward design review for downtown which would likely be a good move.
14 | Posted by Erik | Jan 23, 01:26 PM
“My obervations on the project was not on how aesthetically pleasing it was or what finish materials might be used but rather the overall mixed use design of the project, and the location of different components that were described in their press release and on their web site.”
Erik, overall mixed use design is still pretty vague and not something I’d lay odds on. Like I said, the final programming of the space really will tell. Mixed use can be just as disastrous as anything else.
“Others have been denied as well, including another out-of-towner wanting to build an office building next to the Luzon Building.”
If you’re referring to Paul Schell and Virginia Anderson’s ill-fated attempt to redevelop the block next to the Luzon, in which an entire turn of the century block was demolished before financing was secure (a National Register District, no less)...then I don’t know what to say.
Except that in 1984 it would have been nice if folks had exercised some critical thinking skills and said “No.” Then, in 2007 we wouldn’t still have to be looking for someone to infill the bombed out crater left behind.
15 | Posted by tom waits | Jan 23, 02:52 PM
I think the Mueller-Harkins building is interesting and adds texture to the street that it is on. I don’t think how cheap the materials used to build it matter, it sems representative of the time that it was built, early fifties, a time that America’s love affair with muscle cars was about to begin which makes it interesting and relevant now that the car museum is being built.
“........It is basically a cheaply built concrete poured (1949) building made to sell cars with no unique mason or detail work I can see….....”
The introduction of concrete as a material that could be used in construction was a significant thing – wasn’t Frank Lloyd Wright one of the first architects to include it for strength in his designs around this time period? Someone gave a demonstration during I think the 40s – 50s Bauhaus movement with columns made to show the strength and potential of concrete.
Regarding all other parking lot, height, design, and condo saturation issues – I do think that there is an over-saturation of condos in Tacoma. I think the other issues would be better discussed by experienced architects – I’m not particularly impressed with the outside design of Beaver’s condo building, however the inside is impressive in its more than 4,000 square feet of luxury amenities. However in my opinion, good design doesn’t have to be extravagant or large but it should incorporate the community, its local history, and especially its interesting architectural ties to the past and present (car museum and community interest). Unfortunately you can’t legislate these things and moralizing gets tedious and snippy.
16 | Posted by Laura Hanan | Jan 23, 04:54 PM
I don’t think this building itself is worth saving all that much – I have to agree with RR Anderson about what it really looks like! Plus, the bullet holes in it from a driveby a few months back don’t add to it’s appeal… But on a serious note, why couldn’t they incorporate it’s function into the new building? It would save a bit of history on the site and add interest into yet another blah, soon to be dated looking building. (to all the architects with these new buildings: PLEASE come up with something different! All your designs look exactly the same: cheap junk! try some brick or stonework! go out on a limb!)
17 | Posted by Rebecca | Jan 23, 05:24 PM
“Regarding all other parking lot, height, design, and condo saturation issues – I do think that there is an over-saturation of condos in Tacoma.”
I hate to pick a fight, but I just don’t know how a rational person could state that there is an “oversaturation” of condominiums in Tacoma. Condos make up maybe 2 percent of the housing stock here. If anything, there is an oversaturation of SINGLE FAMILY HOMES in Tacoma. The plethora of single family streets is the largest obstacle to becoming a real city. If anything, we need to start tearing down all those ugly Craftsman houses and replacing them with something a little more aesthetically pleasing. Otherwise we will never be anything but suburban.
18 | Posted by drizell | Jan 24, 10:09 AM
“Regarding all other parking lot, height, design, and condo saturation issues – I do think that there is an over-saturation of condos in Tacoma.”
Let me qualify that with over saturation in downtown Tacoma – There seems to be an over saturation of condos, condos under construction, or planned condo projects for the start and stall “renaissance” currently underway downtown, the lack of retail and support services that currently exist to support downtown urban dwellers’ needs and wants, the absent street vibrancy needed to draw urbanites, and non-existent forward-thinking city leaders to address basic city services and urban planning. The few people that visit Tacoma come for the glass museum, lame.
19 | Posted by Laura | Jan 24, 10:43 AM
Wow. I certainly understand the point you’re driving towards, but I wouldn’t describe those houses as ugly. I’d also suggest that the biggest issue facing Tacoma in it’s bid to become a “real city” isn’t lack of multi-family housing (which I do agree will be needed in the future) but rather lack of employment opportunities. (Well, that and lack of good concerts for me to go to, but that’s just me.)
If I hated single family residences, I don’t think that I’d move to Tacoma. There are plenty of megacities out there if you can’t stand the idea of a patch of green. For what it’s worth, I’m still glad to have you. I’d like to find a balance between your high rise vision and the Tacoma of today. But then as a child of Seattle, I look back on the city of my childhood as a sort of nostalgic golden mean. I have my biases.
20 | Posted by Erik S | Jan 24, 10:55 AM
The schematic drawings for this project are just that, a space planning tool. The exterior elements will be better defined and designed at a later date, but should reflect the overall character of the neighborhood. The majority of the units are designed to be market rate rentals, which Tacoma sorely needs. It is important to note that the cornerstone of this project is the Walker Building, a historic renovation, which is on the National Register. This point seems to have been missed.
21 | Posted by CRI | Jan 24, 11:37 AM
No Erik, the problem isn’t that drizell goes to far, it’s that he doesn’t go far enough.
Think about it – even if we tilt the balance much further towards condos, who’s buying them? At the moment, there are an awful lot of empty nesters who like tacoma as it’s an affordable place to look out the window and see something pretty while you slowly die. Are these folks the creative class? Hardly.
That’s why we can’t ignore the elephant in the room – or on the horizon, more accurately. If we’re ever going to be a real city, we’re going to need to erect a gigantic screen somewhere in the tideflats to block Mt. Rainier. After we bulldoze the craftsman houses, natch. Seriously, does New York City look out on a mountain? Does San Francisco? How about Chicago? You getting the picture?
Mountain views make people think of summer houses, family vacations and grizzly bears. Outside of the last, what the hell is edgy about that? Are we urban or are we Leavenworth West? It’s time for hard choices, people.
On the plus side, local artists could paint the giant screen.
22 | Posted by marc w. | Jan 24, 11:46 AM
I have no idea why I’m so drawn to Tacoma; I suppose it’s just the feeling I get, the numerous opportunities and areas for improvement, and potential to create a community where one doesn’t exist. My roots are in inner city Boston; having spent considerable time there has skewered my perception of how cities should develop.
In the Northeast, everyone has lived at very high densities for generations, so that standard of living is widely accepted. By comparison, Seattlites and Tacomans worship single family homes. You’re right on when referring to the effect The Mountain has on development. People here go on a warpath if anyone tries to block their mountain view.
23 | Posted by drizell | Jan 24, 12:19 PM
In response to CRI – the Walker building is supposedly being “historically renovated”. In fact, only the outside is. The inside is going to be gutted and redone in cheap condos, something that MRED quickly glazes over in their PR release.
24 | Posted by Rebecca | Jan 24, 12:43 PM
Well at least we’ve all owned up to our roots and our biases! Perhaps that’s the first step towards progress. I think that the east coast is fine, but I don’t want the west coast to become the east coast. I am not an east coaster, and while I acknowledge that the coast has many wonderful things, I don’t wish to live there.
I don’t want to make this too personal, both because I think that many of the arguments you make have a lot of validity and becuase you seem like a nice guy, but something in this thread reminds me of the NYC folks that I periodically meet that complain about Seattle/Tacoma/Everett/etc not being like NYC. I usually just bite my lip, but sometimes I just have to ask why they don’t just go back there if that’s the way they like things.
Now, Drizell, I really don’t want you to pack up your things and head off for Boston. And I agree that Tacoma’s downtown needs more density (I would focus more on infill, but replacement will be needed as well) and more housing options. That means more condos. I would argue that there should be more than one model for building a functional city than just blindly going up, up, up. There are plenty of empty lots to fill, plenty of derelict buildings to build or replace, and plenty of neighborhood business districts that could house pockets of higher density development.
All of you architect/urban designer types out there: is an identifiable NW model of (mixed-density?) development? How it might be used as a model to help Tacoma grow without abandoning its character?
A friend of mine point to Portland as an example of a city who’s real charm is spread out from the CBD, where single family homes are the norm, and even the CBD itself doesn’t look noticeably ‘taller’ than, say, Tacoma and is much more spread out than Seattle. It’s true that there has been a lot of development (including condos) downtown and in the neighborhoods immediately adjacent to downtown but, again, there are pockets of commercial activity and higher-density housing (condos, apartments) everywhere. Each neighborhood has some cool things, where you can buy a single family home if you want, and there’s a decent mix of both.
I know that referencing Portland as a model for Tacoma’s future may be something of a cheap shot. It’s certainly been done enough. But is that perhaps because it’s both successful and unmistakably west coast/northwest in feel. Seattle, as my friend also pointed out, is a bit too idiosyncratic to be an easy model. The geography there is very limiting and it’s had a history of major employers to lean on (Boeing, Microsoft).
Again, Drizell (and everyone else) I really don’t mean to attack you for your roots or your ideas. This is a sensitive issue, but I think that it’s one worth bringing up.
25 | Posted by Erik S | Jan 24, 12:59 PM
“but rather lack of employment opportunities”
That’s something I’ve been thinking quite a bit lately, too, but in my head I’ve defined it as lack of employment opportunities to bring you above the median income level to allow you the opportunity to get into one of the downtown condos without leveraging the piss out of yourself. Granted the data in the link below is a few years old, but even if you assume a reasonable growth rate the affordability of ‘New Tacoma’ isn’t there. http://www.ci.tacoma.wa.us/Econdev/3Data/Demographics.htm
And yeah, there’s a whole debate of do jobs bolster housing markets, I won’t get into that but instead will assume that a human will make some tradeoff on commute time/affordability/area you live, and depending on the choice you make you’ll fall into that matrix somewhere.
If I assume that I am your average, reasonable human (a large stretch, believe me, I know) I just don’t see the average tech worker (using that as a generic term for someone making an above average salary in a large field, but feel free to substitute career) saying hey my job is in Redmond but I’ll live in Tacoma for the affordability, commute be damned.
OK, commenting here is much more fun that working, I overuse the “(” and “)” key, and if Tacoma becomes a town of empty nesters/retirees will we once again have the “Aroma of Tacoma”? Depends…
26 | Posted by nitsuj | Jan 24, 03:13 PM
Oh my!
27 | Posted by Erik S | Jan 24, 03:16 PM
Granted the data in the link below is a few years old, but even if you assume a reasonable growth rate the affordability of ‘New Tacoma’ isn’t there.
The middle class abandoned downtown decades ago and is going to take years to bring them back in significant numbers.
The average income of Tacomans downtown was of some debate last year. The city of Tacoma demographics assembled showed an everwhelming concentration of poverty downtown.
The demographics get better if you look all of the 98402 zip code. If you only look within a couple blocks of 9th and Commerce, around 85 percent of residents are low income.
There are a few housing projects downtown that may help bring up the average. However, many of the condos have relatively few units and there are only a few going up in the downtown core. Most new buildings are going up on Broadway or on the Foss.
28 | Posted by Erik | Jan 24, 07:11 PM
Good point Erik – okay two blocks up from the downtown core!
29 | Posted by Laura | Jan 24, 09:54 PM
If the middle class doesn’t want to live there why would the upper middle class and upper class?
30 | Posted by nitsuj | Jan 25, 11:35 AM
I wonder what will happen to the businesses across the street…like the auto-shop and noisy bark bark dog daycare…and the apartment building full of sex offenders?...
If USA of Yesterday is getting torn down, it’s because creepy old Walt Sharp is letting it get torn down so he can become a millionaire…
31 | Posted by anon | Jan 25, 11:05 PM
I don’t see overbuilding/condo saturation in downtown – and this includes St Helen’s area to me.
I believe this is a natural process for Tacoma. Take North Tacoma/Stadium, 6th ave, etc, leading into downtown. There are very few empty lots to build on. I see the growth in the area as naturally progressing into the downtown core, and Hill Top, etc. I also believe that both local and outside developers see this and are bellying up to the bar to get in while the getting is good. It seems clear to me the more people we have in Tacoma, that more housing is necessary. And yes, the community is growing, not diminishing. The only way I can see downtown not continuing to thrive is if it were to fall into the waterway.
The St. Helen’s area is set for growth and the residential community will be much heavier within the next 2 – 5 years and this progress is happening and developers see that the residents will need more amenities within the immediate area. The concentration will be much denser residential-wise than anywhere else in the downtown core. Thus, more retail is just another natural process.
Also, “Ledger Square” – historic name, is set to be redone thru the LID project which centers on 7th & St. Helens/Market St. I’ve seen the artist’s rendering and they are hoping for a park-like, public setting. Looks beautiful and I am hoping that comes to fruition.
As far as housing costs in downtown. I feel is it already incredibly expensive and will just continue to be so. Just like in the north end, stadium district, etc., land, home-ownership, renting…things cost money everywhere. I wish is just wasn’t so. However, the fact remains that a lot of people cannot afford to live in the North end, the Stadium district, or downtown. Nor can they afford to live in the Harbor, Seattle…the list goes on. I myself would personally love for someone to pay for my housing, or give me cheap rent just because they like me, or whatever. I’ve not met anyone willing to just give me things, I’ve always had to figure it out myself and spend my money accordingly.
32 | Posted by dni | Jan 26, 10:23 AM
I don’t see overbuilding/condo saturation in downtown – and this includes St Helen’s area to me.
That’s true and a great understatement. Much of downtown and the surrounding area is vacant, with empty buildings or underutilized such as prime spots being used for storage.
Exit 133 had a great satellite photo about 7 months ago of the downtown and immediate area. It showed huge green swaths of vacant land. The caption said something like “this isn’t a park.”
33 | Posted by Erik | Jan 26, 12:08 PM
dni,
I guess the problem I’ve having is putting your statement to the effect of ‘yes, downtown’s expensive, but so is the North End, Seattle, Gig Harbor, etc.’ together with Erik’s that downtown is dotted with empty lots.
At the moment, downtown appears to be expensive because there are a lot of high-end condos there banking on big-time growth in the retail sector along Pacific (and nearby). But I don’t think it’s crazy to point out that this hasn’t happened yet – there are some encouraging signs, like the new restaurants, but then there are the conflicting signs: lots of vacancies, lots of vacant lots.
The point is, it’s totally reasonable that places like the North End/Gig Harbor/Seattle are expensive. People choose to live there for a variety of reasons (that none of us need necessarily share), but the important thing is that those factors are already present. In the north end, you can get a beautiful (well, to most people – avert your eyes, drizell!) craftsman house, possibly with a view, in a very low crime area. In seattle, you get the vitality of a major city, which Erik S has described. In Downtown Tacoma, you get a slight discount, but seriously – WHY is it so expensive given that the turnaround is nowhere near complete?
I guess the big issue is this: developers in the high-end condos downtown (yes Erik, there are cheaper condos elsewhere, like in Stadium or further east) have successfully transferred a ton of risk from themselves to buyers. Hey, I’m a free market guy, I don’t see a problem with that, but I think it’s worth pointing out. The developers have done fine; it’s the condo owners who might get stuck if the vacant lots are still there once the property tax exemption goes away.
Maybe you’re right, and maybe retail really is just a natural next step. But I think a lot of people here have been saying the same thing – it may come first to places that ring the downtown core – st. helens, stadium, hilltop, etc. It makes some sense, given some of the thorny issues with downtown. Is it then natural that development just fills in downtown, just out of inertia? Maybe, and most people know a lot more about this – I’m just being a bit of a devil’s advocate here. There’s certainly the possibility that downtown is getting overbuilt relative to some of the other regions nearby.
34 | Posted by marc w. | Jan 26, 12:47 PM
(Sorry I don’t know how to format this all fancy-like so I’m just going to quote Marc the old-fashioned way.) “I guess the big issue is this: developers in the high-end condos downtown (yes Erik, there are cheaper condos elsewhere, like in Stadium or further east) have successfully transferred a ton of risk from themselves to buyers. Hey, I’m a free market guy, I don’t see a problem with that, but I think it’s worth pointing out. The developers have done fine; it’s the condo owners who might get stuck if the vacant lots are still there once the property tax exemption goes away.”
This is what I am getting at. We have a bit of a chicken-and-egg debate going on right now, with some folks pointing about that the amenities will be built once all the people have bought $300K+ condos downtown while others (e.g., me) are asking why anyone would pay $300K+ for a condo in a downtown that hasn’t developed yet. This when they could purchase a house with land (traditionally considered the more valuable/secure asset) very near to the downtown core for less money. Yes, it’s a free market and it’s working, but the result isn’t necessarily the most beneficial one for the city. I am afraid that there may not be enough people willing to bet on the “urban living” which has yet to arrive. Or perhaps there will be enough people willing to make that bet but without the resources to do so at current prices. If that is the case, we might find the downtown condo market in a mess with our urban pioneers upside-down in their mortgages. That would do a lot of harm to the redevelopment of downtown.
To be honest, I don’t know what the answer to this dilemma is. It’s pretty tough to ask developers to slow down or to charge less for their units in order to reduce the risk of a price bubble and allow for steadier, safer growth downtown. So I guess I’ll just cross my fingers. Things should work out. But it could be pretty ugly (?) if they dont.
35 | Posted by Erik S | Jan 26, 03:13 PM
Yeah, erik s – that’s the issue. But on the other side of things, if I was to have made some predictions on the vacancy rates of all of these new condo places, I would have been wrong, wrong, wrong.
I’m just stunned at how many of these places sell out, and sell out damn quickly. That’s the kind of data that tells me dni may be on the right track. We’ll see; I’d be nervous as hell to buy there, but it’s sort of a moot point as I would never, ever live in a condo. As drizell was imprinted on dense, urban living in Boston, I was imprinted on spread out craftsman houses in Tacoma. I have simply never understood the appeal of a condo; it sort of makes me nervous just being in other people’s condos. So obviously, my analysis of the ‘condo glut/deficit’ may be suspect.
36 | Posted by marc w. | Jan 26, 04:02 PM
For what it’s worth (not much, really) those two posts pretty much encapsulated my views, too, Erik S and marc w. I’m totally with marc on the condo-living thing, but that’s just me. While I’ll never understand it, I’m glad there are those feel otherwise. Chicken-and-egg. Or paraphrasing as a reader once said to me, few want to take a giant leap, but as all sides take a step, and then wait as the other sides take a step, we’ll get there. Somewhere. Sometime.
37 | Posted by Dave L. | Jan 26, 04:26 PM
I actually meant to ask if there’s a good place to look to tell how the sales of new units are proceeding. The Exit 133 condo map is very interesting, however I don’t have a good sense of how many of the sold out complexes were completed in the past, say 12 months. Do we actually know how well these things are selling?
For what it’s worth, I don’t feel the same deep aversion to condos that Marc and Dave describe. I just happen to think that if a 750sf 1BR apartment with HODs is going to cost me the same up front as a 1500sf 3BR house (I don’t need 3BRs but like to think that someday I might need 2) with land then the location of the condo had better bring more than a little added convenience.
In fact, the location would have to be pants-crappingly awesome. I’d pretty much need a soccer pub 30 seconds away, a train to Seattle (for the concerts) at my doorstep and go-go dancers to be lowered in cages down the side of the building to clean my windows every month (or week). I like to think that Tacoma is going to get there (sans dancers and probably with more useful bus service rather than a choo-choo) but it’s going to take a while.
38 | Posted by Erik S | Jan 26, 05:31 PM
Anecdotes aren’t very empirical but from what Ive heard the condos downtown are selling quite well. A close friend of mine just sold his place in Pacific Tower and bought in Marcato, and is supposed to be in before Valentines day.
39 | Posted by ca | Jan 26, 06:00 PM
Anecdotes aren’t very empirical but from what Ive heard the condos downtown are selling quite well.
I agree, its hard to tell.
The Pierce County Assessor can give you some information although it is delayed by at least a month and doesn’t show pending deals.
One project to watch is Pacific Towers at 3201 Pacific as they had a ton they were trying to move in the last year. There are stills ones left to sell according to the auditor, but alot of them sold in 2006.
Two other interesting ones to watch is 1 Broadway and 25 Broadway as well as the Bridge at 744 Market. Around 3/4 or more of these appear to have been sold. There appear to be three or 4 Triagle Townhomes still for sale.
40 | Posted by Erik | Jan 26, 09:25 PM
In regards to previous conversation about mountain views, I know that all the upper floors at Marcato have pretty much sold out but they are having trouble with the lower ones because their views will eventually be blocked by a new building.
I’m no real estate agent, but in my frequent walks around town and searches on the Internet it appear that the apartment-to-condo conversions fly off the market pretty quick while the newer projects take much longer to sell. More affordable places featured in the Tour of Urban Living like Sky Terrace or Luna sold out quickly, while Pacific Tower was completed years ago and still is not completely occupied.
At least these places are selling, albeit over a long period of time. Contrast our Tacoma market with that of Seattle, Bellevue, or even Redmond, where new condos are 90% sold before they even break ground, and you realize how far we have to go.
I also know that the people willing to pay for an “urban living” setting are confined to a very small geographic area close to and in downtown, while other high-density projects elsewhere in the city haven’t had nearly the success rate. The Apex apartments overlooking Tacoma Mall have rents STARTING at about $1200 yet are only about one quarter occupied.
41 | Posted by drizell | Jan 27, 03:41 PM
“The Apex apartments overlooking Tacoma Mall have rents STARTING at about $1200”
no offense if anybody lives in those, but i just laughed beer out my nose reading that.
42 | Posted by nitsuj | Jan 27, 11:41 PM
I don’t understand why people throw stones at developers. Its like persecuting a small business for taking the risk, providing jobs, etc. to sell a product. Isn’t that how our system works?
Regardless. It makes sense that condo conversions are cheaper than the new construction condos, as you’ve got the land and core construction base, which equals less in construction costs, architects, permitting, etc. Also, concerning the new construction, from what I’ve witnessed, most are of high-quality standards, not your ordinary building/developing costs.
My take on the “hill” overlooking condo projects, they turned me off immediately…small, hotelish, far away from most down-town ammenities/attractions.
I believe the reasons people are paying what they are paying now for these condos—location, amenities, investment, convenience. Lets face it, property values everywhere have climbed within the past 5 years and its not stopping folks.
Its only been the last 5-7 years that developers have been even willing to look at downtown to invest in, let alone actually do it, and look what’s happened already. More are signing up everyday (not to say they will all show up). The way I see things…its very few people that will start the show in front of an audience of naysayers. However, the naysayers will line up as soon as the risktakers prove them wrong to say “told you so”...or they will pat themselves on the back for being “right” about the “crazy/smart” people that had the vision and took the risk in the first place. Sheep….
You can feel the desperation of something dying a slow death, and you can feel the aliveness of what’s growing and prospering (the smell of money is a wonderful smell also). I smell the revitalization, and it smells yummy!
43 | Posted by dni | Jan 28, 12:48 PM
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