You would be surprised how well some of those older apartments cash flow. That's what keeps them around for so long.
Ducks4brkfast said:Around the gas station?ptothemo said:
I just noticed this morning that there is construction fence around multiple buildings on the southwest corner of the Blalock and Long Point intersection. I didn't notice any other signs as it took me a second to process the fence being there. I just did a quick google search and couldn't find anything, so does anyone know what may be going on there?
Ag_07 said:
I've heard through the grapevine that a new bar will be opening at Bingle and Kempwood in the space that was The Americana (former dive bar in that shopping center).
Apparently going for the family friendly vibe of Lazy Oaks.
I don't know about that shopping center but at the same time Cobble and Spoke location is kinda odd and they do alright.
ptothemo said:Ducks4brkfast said:Around the gas station?ptothemo said:
I just noticed this morning that there is construction fence around multiple buildings on the southwest corner of the Blalock and Long Point intersection. I didn't notice any other signs as it took me a second to process the fence being there. I just did a quick google search and couldn't find anything, so does anyone know what may be going on there?
The other southwest.
It was around that Autos-Mobiles place for sure and maybe around one or two of the other buildings there. I should have paid more attention to specifics, so I'll do that in the morning when I go by again.
ptothemo said:Ducks4brkfast said:Around the gas station?ptothemo said:
I just noticed this morning that there is construction fence around multiple buildings on the southwest corner of the Blalock and Long Point intersection. I didn't notice any other signs as it took me a second to process the fence being there. I just did a quick google search and couldn't find anything, so does anyone know what may be going on there?
The other southwest.
It was around that Autos-Mobiles place for sure and maybe around one or two of the other buildings there. I should have paid more attention to specifics, so I'll do that in the morning when I go by again.
Very little has been said about it, they do have a facebook page with limited details. Supposedly it's The Kirby Group running the project.tukAg10 said:
First I am hearing of this bar... when and where exactly are they looking to set up?
That also happen to be at the prime of their financing from what 15-20 years ago? With a ton of cash flow. No real estate developer is going to buy a multiple of their cash flow to get the property when there's other opportunities to buy land that don't have functioning real estate based businesses on top of them.Ag_07 said:
The tire and pawn shops aren't what's standing in the way. Those will clear the way easily.
As discussed a little bit earlier it's the low income multi family apartment complexes that are the hurdle.
Maybe they were sold 15-20 years ago but I think many of those apartments are much older. The place my parents lived in when they where first married in the early 70s at Blalock/Long Point is still there and it apparently was already a ****hole back then.one MEEN Ag said:That also happen to be at the prime of their financing from what 15-20 years ago? With a ton of cash flow. No real estate developer is going to buy a multiple of their cash flow to get the property when there's other opportunities to buy land that don't have functioning real estate based businesses on top of them.Ag_07 said:
The tire and pawn shops aren't what's standing in the way. Those will clear the way easily.
As discussed a little bit earlier it's the low income multi family apartment complexes that are the hurdle.
Those will be there for a long time.
I never knew those were day laborers, I thought that park just attracted all of the homeless people in the area.tukAg10 said:
I just wish they would do that Haden Park makeover. Or at least fence the perimeter to keep the "day laborers" out.
Diggity said:
do ya'll really call it LoPo?
Isn't that in Oak Forest?H-town ag said:
Went to Slowpokes this weekend. Great coffee and menu - panino sandwiches, salads, and great flatbread pizzas.