I guess it shouldn’t really be a surprise, but 92 more luxury condos (starting in the mid-$200,000s) are on the horizon near downtown. This project will sit directly north of Central Park on a .9 acre plot bordered by Foster, Corporation, and the vestigal Roney St. In addition, 10,000 square feet of Central Park itself are being sold to the developer for $41,788.
This location, you may notice, is directly across from the former site of the Liberty Warehouse, which was itself demolished… to make room for apartments. So if you want to live near Central Park, I guess you’ll have no problems finding a place.
The Indy griped about the approval process, which seemed to happen quickly and without much public input. I suppose they take issue with the fact that the initial discussions were held between the park’s governing body (the Durham Central Park board) and the developers. It doesn’t seem clear to me that this was actually any kind of problem, because the project still had to get approval of the council; something it did by a margin of 6-1. Moffit dissented, and it seemed like he mainly had concerns over whether the city should be handing over its land so readily.
I can’t personally muster much of an opinion about this project. There’s nothing especially wrong with it, but it doesn’t really excite me either. It does seem like a missed opportunity for some street level retail on Foster Street to kick things up a notch on that streetscape, or for something a bit more to be done with Roney (which will be improved and made a proper pedestrian through-way, but it feels like they could have put some shops or something back there too). The renderings (PDF) of the park-facing side of the structure look attractive enough.
These are going to be “luxury” condos, which always bring about concerns over affordable housing. Short version: there won’t be any. My own take: when the real estate bubble bursts due to all of these goddamn apartments and condos being built at once, all of these units will end up being affordable housing.