The now-approved permits, first filed in April 2020, show 10 residential units, most likely rentals given the square footage.
This is the second former residential parking lot on the block to yield to housing... No. 639, an 8-story building, was unveiled (finally) in late 2020...
Nice. So many empty lots still to go.
ReplyDeleteGreat news. Keep building on all of the unoccupied lots. More housing is the only way to control prices
ReplyDeleteWish they would think about the design. Nice to fill the empty lots but this thing is FUGLY !
ReplyDeleteLITERALLY looks like a detention center.
ReplyDeletePerfect for this neighborhood.
If you think building more will lower the cost, it won’t. There’s tight control on the number of units that would be required to lower the cost. The industry will just block the building of large projects in a timely manner and small projects get rate limited. All so the cost of housing never goes down or balances out,
ReplyDeleteEven if they built 100 buildings in a single year, inflation and other political tactics wouldn’t allow the cost to go down.
It is however correct to say that building “could” cause prices to lower, but it never will.