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Submitted by Just another voice on Mon, 06/23/2008 - 9:35pm.
Much talk about TriWay right now. Though no one seems to be talking about the Colpitts development at Columbia & 5th Ave. For this project, 88+ parking spaces will be removed and the city will spend $200,000+ on clean-up. In the spirit of taking a look at what could be, I did some (crummy) photoshopping of what a 7-story building would look like around a sea of 1 to 3 story structures surrounding it.
The 100+ units of housing will sell for "market rate" which could mean anything from about $290,000 to $400,000. The project will also have a 2 level parking area. So why aren't we as focused on this project as being out of place, or not catering to a more affordable level? With the 'view' and alternative use argument aside, these two projects only have a difference of a few hundred-thousand dollars.
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Simple
Submitted by jlw on Mon, 06/23/2008 - 10:14pm.OK. So do you feel that if
Submitted by Just another voice on Mon, 06/23/2008 - 10:27pm.But I am Just Another Voice
We would be hearing fewer
Submitted by jlw on Mon, 06/23/2008 - 11:12pm.Probably not much!
Submitted by Burr on Tue, 06/24/2008 - 10:05am....which is what scares me the most. I am surprised that this fact is not more well known: Triway already has a full blown plan to build a 3.5-story office building with accompanying surface parking if this rezone is not passed. The views will be blocked no matter what. We will have to redesign our storm water systems to accommodate sea level rise no matter what. We will not get a park no matter what. The land is privately owned.
So, what would we rather have? A mixed-use building that brings residents into our downtown 24 hours per day, or an office building that brings office workers (and their cars) downtown 9-to-5?
I don't buy it
Submitted by jlw on Tue, 06/24/2008 - 1:08pm.and it won't be a big yellow box
Submitted by emmettoconnell on Mon, 06/23/2008 - 10:25pm.Even if it means this big
Submitted by Just another voice on Mon, 06/23/2008 - 10:35pm.I am seeing a lot of the arguments against the TriWays proposal emphasizing on the price of the condos. For this project though, not so much.
But I am Just Another Voice
These condos are going for
Submitted by Phil Owen on Tue, 06/24/2008 - 7:46am.These condos are going for half the price of the Triway condos. With the exception of the top-floor, North facing units, the condos will likely run just a little above the price of the average Olympia home. I call that a good idea.
The Canaanite's Call
Question...
Submitted by Burr on Tue, 06/24/2008 - 10:12am.That's what I read in The Olympian, also.
Submitted by Rob Richards on Tue, 06/24/2008 - 10:26am.I am guessing that the
Submitted by Just another voice on Tue, 06/24/2008 - 10:34am.But I am Just Another Voice
Correct me if I'm wrong, but
Submitted by emmettoconnell on Tue, 06/24/2008 - 10:44am.You're right.
Submitted by Rob Richards on Tue, 06/24/2008 - 10:49am.Yes...
Submitted by Burr on Tue, 06/24/2008 - 10:50am.Couldn't TriWays have rental
Submitted by Just another voice on Tue, 06/24/2008 - 10:58am.I think it is pretty speculative to say that they will be rental units.
But I am Just Another Voice
Not speculative,
Submitted by Rob Richards on Tue, 06/24/2008 - 11:26am.Below is the staff report that describes the project as "a range of studio, 1 bedroom and possibly 2 bedroom units". The staff report also refers to the project as "market rate apartments". Again, it would be clarified in this report if they were using a different definition of 'apartment' than the common one.
Yes, I've read all these
Submitted by Just another voice on Tue, 06/24/2008 - 11:43am.Colpitts very well could sell the units to folks that will not rent them. I think we may see that many of the units, especially those with views, don't turn into rentals.
But I am Just Another Voice
OK
Submitted by Rob Richards on Tue, 06/24/2008 - 12:10pm.Traditionally, Yes
Submitted by Ehver Green on Tue, 06/24/2008 - 10:56am.But lately I've seen where apartments are being listed "For Sale." This is common in large cities like NYC, LA, and even Seattle.
Condominium is the legal term when referring to a unit in an apartment building. Conversationally both terms are used.
Tax Breaks
Submitted by Thad Curtz on Mon, 06/23/2008 - 11:44pm.I'd say "one of the blocks". Four blocks in that north-south strip and a bit on the hill by Swing were rezoned over many peoples' objections as part of the Council's "compromise" about rezoning the isthmus in 2002. (90 per cent of downtown is zoned to allow tall building right now.)
And I wouldn't say I exactly "want" it anywhere downtown. I think we need to have it there if we want to reduce driving, preserve local farmland, etc. — given a lot of other things that seem harder to change. Less population growth is what I want.
As for the subsidy, I think there are many other ways to use a big tax break like this which would spread the money around a lot more and produce much bigger reductions in energy use than this. It just seems somewhat more regressive and unfair when the recipients of these tax dollars are all supposed to be twice as rich as the people who are expected to buy the most expensive condos in the building you're talking about.
If Triway manages to get the rezone, we'll see what actually gets built in the end. Their "design concept" simply ignores the marketing analysis they submitted with the project, which concludes, "begin with a more affordable project"and "do not lead off with a waterfront project," etc. City staff also did their analysis on a scenario with about twice as many condos, averaging half the size of the ones in Triway's "design concept." (Their recommendations in the draft EIS are based on analyzing 478 housing units at full build-out in the whole rezone. Triway owns just under half the total land, so they analyzed 239 condos in the space where Triway says it would only build 141.)
PS
Submitted by Thad Curtz on Mon, 06/23/2008 - 11:53pm.I wouldn't actually call $600,000 (the difference between the top price you give for condos in this other project and $1 million) "only ... a few hundred thousand dollars." And the difference between the cheaper condos in this other project and $1 million is $710,000.
But as I said, I do think we could do a lot more for more people and for the planet by spreading that tax break around widely. $290,000 is still a lot of money.
Best, ThadBirds got to fly, fish got to swim
Submitted by Crenshaw Sepulveda on Tue, 06/24/2008 - 2:42am.Developers have to build and sell. That is what they do. You build big, you build expensive and you try to attract the big spenders and make piles of money. What we are being asked to do is to give up a public resource so that a developer can make money. Unhappy with the current restrictions the developer wants to make even more money by building bigger. And what is this I hear about 10 year tax abatements? This is good public policy? The Fat Cats will be spending all their money at the local shops and pouring money into the sales tax coffers is the plan? No thanks, I'd rather see the city get their money off the top because Fat Cats still have to eat and they still like buying stuff so I don't think we'd be in danger of losing their sales tax revenues, we'd just be ahead ten years worth of property taxes. Olympia is no two bit whore. Take away what belongs to everyone and make everyone pay, that's a laugh. And what is that land worth with the zoning change? Probably a lot more than before the zoning change. Who gets that money? The people of Olympia? I don't think so, think Fat Cat developer.
"I would make it impossible for the covetous and avaricious to utterly impoverish the poor. The rich can take care of themselves."
^@^
Now if...
Submitted by einmaleins on Tue, 06/24/2008 - 7:46am.mathias
einmaleins
I have no doubt
Submitted by Crenshaw Sepulveda on Tue, 06/24/2008 - 11:01am.If TriWay gets their way their project will sell out, provided they actually build it. There is a maket for these sorts of projects and Olympia does not have much in the way of luxury condos. So TriWay will build an office building if they don't get their way, pretty spiteful if you ask me. Our choice is to let Fat Cats have their fancy views or have some low rise office building be a blight on the landscape. Thank you TriWay. Sure it is good having more people living downtown, no question about it. The problem with upscale developments is they tend to drive up the prices of everything in the area, apartment rents and business rents. In time downtown will be the domain of the wealthy and a pale imitation of what downtown is today. If this is the plan for downtown, and many people want it that way, I'm afraid there is not much we can do. These sorts of projects are very appealing to city councils. Anything that involves bringing in more of the "right" kinds of people and driving out the "wrong" kinds of people tend to be what city councils like. They will make an attempt at what appears to be taking into consideration all public comment, but in the end Olympia will lose. The Olympia I know and love is doomed. Bellevue of the South Sound, kind of has a nice ring to it, doesn't it? We need the State to intervene but I suspect the Olympia part of the State government is probably looking forward to this project moving ahead.
"I would make it impossible for the covetous and avaricious to utterly impoverish the poor. The rich can take care of themselves."
^@^
22nd LD delegation: No
Submitted by emmettoconnell on Tue, 06/24/2008 - 11:05am.The "Olympia part of the state government," you mean our local 22nd LD legislators right?
Karen Fraser in the Olympian:
Sam Hunt:
That's two out of three saying no. I don't know where Brendan Williams stands on this one.
No tax break for office space
Submitted by jlw on Tue, 06/24/2008 - 1:24pm.I'm for downtown density
Submitted by jlaing on Tue, 06/24/2008 - 11:02am.If you don't want big buildings in downtown then are you for huge developments of single family homes destroying wilderness area?
More people are comming to Olympia and the Puget Sound. The only question is are they all gonna live in single family homes or something more reasonable like condos or apartments?
The housing aint gonna be cheap either way, but at least with more density it will have less impact on the natural landscape.
We've gotta stop thinking in dualities.
Submitted by Rob Richards on Tue, 06/24/2008 - 11:29am.The answer to your question is no.
Thank You Karen and Sam
Submitted by Crenshaw Sepulveda on Tue, 06/24/2008 - 11:17am.I hope their opposition is sincere and they will do what they can to keep this abomination from happening. We all know how politics works and it is easy to appease voters by being against something a politician knows will pass anyway. I'd like to believe that Fraser and Hunt will step up for Olympia and not just oppose this strictly for the votes. There is politics and then there is the truth.
"I would make it impossible for the covetous and avaricious to utterly impoverish the poor. The rich can take care of themselves."
^@^
IKEA!
Submitted by chad360 on Tue, 06/24/2008 - 12:50pm.OK, well >oops< thought for a minute there...
Perhaps what would be refreshing is to have a monthly design day where staff and developers can come together with community and sorta have a show & tell...
...I'm just thinking that there seems to be alot of folks that have an eye for design and care about our "built environment", so the natural fix for me would be to tap this resource and relieve some of the social pressure surrounding the structural change of our urban landscape by encouraging input & interaction.
I guess I'm kinda excited to see what plans are in the works for various sites in Oly
Just got confirmation,
Submitted by Rob Richards on Tue, 06/24/2008 - 4:01pm.Fantastic!
Submitted by Phil Owen on Tue, 06/24/2008 - 7:13pm.That's going to provide some seriously needed relief to the rental market.
The Canaanite's Call
So, is this definitely happening?
Submitted by rainy gray on Tue, 06/24/2008 - 4:53pm.No, there was never controversy around this.
Submitted by Rob Richards on Tue, 06/24/2008 - 6:06pm.