Eau Claire Place II | 68m | 17s | Pacific Reach

The big one will be painted, the Hat wont.

Makes you wonder why the conversion incentive was fixed. Both sites get the same incentive with one spending quite a bit more on the exterior/interior.

Hope one or both have retail components eventually.
 
The big one will be painted, the Hat wont.

Makes you wonder why the conversion incentive was fixed. Both sites get the same incentive with one spending quite a bit more on the exterior/interior.

Hope one or both have retail components eventually.
Agreed. There are more applications than grant money so the city could easily negotiate the $75/sf allowance with developers and make the money go further. There are many conversions happening without the grant.
 
Which one is spending more on optional exterior improvements? It wasn't an option to convert the mechanical penthouse to residential without replacing the cladding. The Hat's ground floor reclad wasn't necessary. That cost alot more per foot than painting the concrete.
 
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