Hat @ 14th Street | 94.48m | 28s | Cidex Group | NORR

Mountain Man said:
There are usually fairly large securities the City makes developers post for sidewalk stuff. I'm sure they need those back to close out their financing.
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I wasn't aware of this. Any source I can read up on to understand the nuances of this better?


I'm glad that this and the other recent build on the block will add some foot traffic to the area and will hopefully draw some more construction and business that far westward. I think the area still has a ways to go though
 
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Garceyues said:
I wasn't aware of this. Any source I can read up on to understand the nuances of this better?


I'm glad that this and the other recent build on the block will add some foot traffic to the area and will hopefully draw some more construction and business that far westward. I think the area still has a ways to go though
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There's a formula the city uses with developers. I never get into it, just pass on the amounts when they come up in my Development Permit process. Once a DP is approved, the city will advise on the amounts, and these need to be paid in order for the DP to be released. A Building Permit (BP) can be applied for when the DP is approved, but no BP release until you have DP release, and securities are usually one of the last things as developers usually have a ton of money tied up in the city through fees already. The funds are returned once the project is done and the city is happy with the results.
 
The 1400 block building has done a good job improving that NE corner of the intersection, but this grassy section is a fail. I'm not a landscaping expert, but I know this grass probably won't survive or ever look nice. It's too bad they couldn't have done something different there. Plant some shrubs, or level it into a couple of tiers.

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heritageguy said:
This may have been asked before but does anybody know why Cidex calls all of their projects Hat?
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It's just their brand. I don't think it's an acronym. It would have shown up in marketing. Whichever marketing guru came up with it probably was inspired by the look of their East Village tower's mechanical penthouse and a top hat completing the look of success in 1901.
 
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