TheLastGentleman wrote: ↑
Sun May 31, 2020 2:25 pm
The Ashland will be the first new construction north of the crossroads on the streetcar line since it opened almost 4 years ago
We have seen sizable development spurred by the streetcar along, near, and even somewhat distant from the line itself. I don't think that not physically touching the tracks should discount a project. By that measure, WR, Loews, One Light, Two Light, Reverb, Corrigan Station, Savoy, Tracks 215, Arterra, Artistry, and many others "don't count." Yet we know the decision to build them and the economic market to support them stems in part from having the streetcar.
RM has seen 2 Delaware, RM West, RM West 2, 531 Grand, and Centropolis constructed. Ashland close to starting. 3rd Delaware, 5th Main, & 3rd Grand in the pipeline for the next year with a few others coming.
As has been said previously, the central RM lots are generally the most tied up (for various reasons) so of course, you will see development occur nearby at easier parcels first. Outside of RM, most of the empty lots along the line are owned by a small collection of individuals. A few have been tied up as parking for the redevelopment of nearby buildings and so suffer from similar issues. There are also proposals with good people behind them who sometimes lack the scale and money to get things going quickly.