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Comments
Submitted by Anonymous (not verified) on Thu, 8/7/2008 - 12:51pm
this is an amazing structure...so much potential...I poke around it everytime i walk by.
but damn do they want alot for it...right around $1,000,000. last time i checked. It's not wonder it's sat empty for so long.
TSQ75
Submitted by Anonymous (not verified) on Thu, 8/7/2008 - 12:57pm
Rumors abound that the current owners have bulldozer plans for this building. Not sure what they want to replace it with.
Submitted by Sean Lilly Wilson (not verified) on Thu, 8/7/2008 - 1:14pm
the owner does *not* have plans to bulldoze the building. I've talked with him extensively about the plans and can state with certainty that this is not the case.
Submitted by Anonymous (not verified) on Thu, 8/7/2008 - 3:07pm
it would sometimes be much more helpful to talk direct with folks involved rather than delve so deeply into speculation about properties - that approach would create reports with much more value
Submitted by Gary (not verified) on Thu, 8/7/2008 - 3:21pm
Anon
I'm not sure who your comment is directed towards, but I'd disagree that my 'report' includes speculation. I'd stand by my assessment that the property looks underloved, and that the many persistently empty buildings in this area are threatened. It's a challenge to talk to property owners directly, even if I had time to do so with every property. So I write what I see, and what I know.
GK
Submitted by Anonymous (not verified) on Thu, 8/7/2008 - 3:43pm
now you have hit on the point - such areas are a challenge and the change/turn around takes a great deal of thoughtful planning and massive amounts of funding
Submitted by Anonymous (not verified) on Thu, 8/7/2008 - 7:44pm
It doesn't help that a lot of these landowners have an inflated sense of what their properties are truly worth. $1 million for that thing, plus renovations? Give me a break. At that price, it would almost certainly have to be a tear down to make the numbers work for any developer. Awesome building.
Submitted by Anonymous (not verified) on Thu, 8/7/2008 - 9:14pm
People, check Durham GoMaps before you start your wild speculation. It is plain as day owned by the same people who own Trinity Lofts.
We'll just have to wait for those who know best in New York to sell all those lofts, then we can get a little slice of urban heaven dropped in to that corner that says F U to anyone walking by.
If the condo market wasn't so bad, I'd say the bulldozers were imminent.
Submitted by Jeremy (not verified) on Mon, 2/1/2010 - 5:24pm
Don't underestimate the bureaucratic challenges imposed by the City and the State. Lots of buildings could be put back to use if these government entities would eliminate the regulatory roadblocks that can easily add hundreds of thousands of dollars and many months of waiting to even the simplest of projects.
Submitted by Toby (not verified) on Fri, 2/12/2010 - 7:38pm
Gary - looks like someone has leased the building to create a nightclub/bar:
http://www.bullcityrising.com/2010/02/the-geer-coming-to-dap-district-b…
Perhaps you'll have reason to update this post later this year!
Regards,
Toby
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