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General Construction Updates
- Thread starter Surrealplaces
- Start date
Albertasaurus
Active Member
It's owned by a subsidiary of Matco, which explains why nothing is happening there. For those not in the know, Matco owns (or owned, not sure if they still do) the vacant land by Westbrook station that has seen no action in over a decade.
Mountain Man
Senior Member
Guess it will stay as a dirt lot for the foreseeable future, lame!
The City bought the Westbrook land back from Matco in April, so that's good news at least.
The City bought the Westbrook land back from Matco in April, so that's good news at least.
outoftheice
Active Member
I believe Matco also owns the Inglewood Brewery lands which they have sat on for ages as well.
O-tac
Active Member
To what benefit?
The Familia
Senior Member
Companies like Matco make me sick. What the hell is their purpose if they never develop anything?
Albertasaurus
Active Member
Well, it's better news. But as we've seen with Midfield and everything else The City gets involved in, they might be better than Matco at getting shit done but they are still irritatingly slow. I'm still betting 5 years or more before anything happens on those lands, although I'd love to be wrong.
Albertasaurus
Active Member
They're a pension fund, and like most pension funds they are extremely risk averse. I get why they are that way but its terrible for city building, and I hope The City will never again engage in a development partnership with one.
maestro
Senior Member
SoBo is near but so far. It's drivable than walkable. I wouldn't call it great for multi-family densification.
Mountain Man
Senior Member
The City will likely sell the land to another developer, doubt they will sit on it. With Truman building directly to the east of this, I could see them try to get a site or two.
Oh, well I guess it should stay as an undeveloped dirt lot then.
Albertasaurus
Active Member
Agreed, but even for The City to sell the land will probably be a lot longer and more drawn out than it should be, which is why I still think it'll take a long time for stuff to get underway.
maestro
Senior Member
It's either a dirt patch or more apartments. City building at its finest
Mountain Man
Senior Member
So, is there a point to what you are saying here? lol
shermanator
New Member
In more Elizabeth Square news, D.O.P. is going into the basement of the building on the NE corner. Just walked by and saw their sign through the window.
This means I have no clue where Bella's Italiana will be. I assume it's more than just the small patio out front.
