Page 15 of 27
Re: Four Light
Posted: Mon Apr 25, 2022 2:29 pm
by AlkaliAxel
I'm gonna make a prediction here and say some sort of announcement or release on Four Light will be happening soon. Momentum just seems to be happening all over right now.
Re: Four Light
Posted: Tue Apr 26, 2022 9:34 am
by DColeKC
AlkaliAxel wrote: ↑Mon Apr 25, 2022 2:29 pm
I'm gonna make a prediction here and say some sort of announcement or release on Four Light will be happening soon. Momentum just seems to be happening all over right now.
Unlikely. Project team is mostly focused on getting midland building going and managing 3L. Maybe later this year we will see something about 4L.
Re: Four Light
Posted: Tue Apr 26, 2022 1:02 pm
by beautyfromashes
I'd love Four Light to be car free. If the location is behind B&B, it will have prime access to the streetcar and lots across the street in the other Light properties that are never full. Rent some space from the Waddel building across the street. Would be more profitable for Cordish and if someone absolutely has to have a parking spot, rent from one of the other Light properties.
Re: Four Light
Posted: Tue Apr 26, 2022 1:15 pm
by normalthings
beautyfromashes wrote: ↑Tue Apr 26, 2022 1:02 pm
I'd love Four Light to be car free. If the location is behind B&B, it will have prime access to the streetcar and lots across the street in the other Light properties that are never full. Rent some space from the Waddel building across the street. Would be more profitable for Cordish and if someone absolutely has to have a parking spot, rent from one of the other Light properties.
This doesn't make much sense for Cordish to do.................
Maybe at the 14 Main retail shop site where they can't fit parking at all
Re: Four Light
Posted: Tue Apr 26, 2022 1:29 pm
by AlkaliAxel
DColeKC wrote: ↑Tue Apr 26, 2022 9:34 am
AlkaliAxel wrote: ↑Mon Apr 25, 2022 2:29 pm
I'm gonna make a prediction here and say some sort of announcement or release on Four Light will be happening soon. Momentum just seems to be happening all over right now.
Unlikely. Project team is mostly focused on getting midland building going and managing 3L. Maybe later this year we will see something about 4L.
The caps not lighting a fire under their ass?
Re: Four Light
Posted: Tue Apr 26, 2022 1:52 pm
by DColeKC
AlkaliAxel wrote: ↑Tue Apr 26, 2022 1:29 pm
DColeKC wrote: ↑Tue Apr 26, 2022 9:34 am
AlkaliAxel wrote: ↑Mon Apr 25, 2022 2:29 pm
I'm gonna make a prediction here and say some sort of announcement or release on Four Light will be happening soon. Momentum just seems to be happening all over right now.
Unlikely. Project team is mostly focused on getting midland building going and managing 3L. Maybe later this year we will see something about 4L.
The caps not lighting a fire under their ass?
No. We are still 2 years out from a shovel touching that project. I could see a late 2022 4L announce but massively dependent on economy and leasing pace of 3L. Not to mention, they need to get this Midland project started. Seems like they’re almost done with the design and budget phase.
Re: Four Light
Posted: Tue Apr 26, 2022 3:46 pm
by AlkaliAxel
DColeKC wrote: ↑Tue Apr 26, 2022 1:52 pm
AlkaliAxel wrote: ↑Tue Apr 26, 2022 1:29 pm
DColeKC wrote: ↑Tue Apr 26, 2022 9:34 am
Unlikely. Project team is mostly focused on getting midland building going and managing 3L. Maybe later this year we will see something about 4L.
The caps not lighting a fire under their ass?
No. We are still 2 years out from a shovel touching that project. I could see a late 2022 4L announce but massively dependent on economy and leasing pace of 3L. Not to mention, they need to get this Midland project started. Seems like they’re almost done with the design and budget phase.
1.) I thought Platt & Lucas said 12-18 months until a shovel, and they seemed to be optimistic of it being closer to 12 mos
2.) how's the leasing going for 3L then?
Re: Four Light
Posted: Tue Apr 26, 2022 4:03 pm
by beautyfromashes
normalthings wrote: ↑Tue Apr 26, 2022 1:15 pm
This doesn't make much sense for Cordish to do.................
Maybe at the 14 Main retail shop site where they can't fit parking at all
It does if they can replace the levels they would have used for parking on units and demand stayed the same.
Re: Four Light
Posted: Tue Apr 26, 2022 4:05 pm
by normalthings
AlkaliAxel wrote: ↑Tue Apr 26, 2022 3:46 pm
DColeKC wrote: ↑Tue Apr 26, 2022 1:52 pm
AlkaliAxel wrote: ↑Tue Apr 26, 2022 1:29 pm
The caps not lighting a fire under their ass?
No. We are still 2 years out from a shovel touching that project. I could see a late 2022 4L announce but massively dependent on economy and leasing pace of 3L. Not to mention, they need to get this Midland project started. Seems like they’re almost done with the design and budget phase.
1.) I thought Platt & Lucas said 12-18 months until a shovel, and they seemed to be optimistic of it being closer to 12 mos
2.) how's the leasing going for 3L then?
10% showing leased. Mostly existing tenants 1 or 2 L tenants I’m told. We are 1.5 years from opening so “real” tenants won’t be signing leases for a while yet.
Re: Four Light
Posted: Tue Apr 26, 2022 4:06 pm
by normalthings
beautyfromashes wrote: ↑Tue Apr 26, 2022 4:03 pm
normalthings wrote: ↑Tue Apr 26, 2022 1:15 pm
This doesn't make much sense for Cordish to do.................
Maybe at the 14 Main retail shop site where they can't fit parking at all
It does if they can replace the levels they would have used for parking on units and demand stayed the same.
.
Re: Four Light
Posted: Tue Apr 26, 2022 4:08 pm
by beautyfromashes
normalthings wrote: ↑Tue Apr 26, 2022 4:06 pm
Cordish garages are pretty full and I don’t think that works well with the incentive structure
It didn’t seem that the incentive structure was very set when there was a renegotiation of 3 Light last time. Who’s to say Cordish will get the same incentives this time?
Re: Four Light
Posted: Tue Apr 26, 2022 5:14 pm
by DColeKC
beautyfromashes wrote: ↑Tue Apr 26, 2022 4:08 pm
normalthings wrote: ↑Tue Apr 26, 2022 4:06 pm
Cordish garages are pretty full and I don’t think that works well with the incentive structure
It didn’t seem that the incentive structure was very set when there was a renegotiation of 3 Light last time. Who’s to say Cordish will get the same incentives this time?
Besides a nearly two decade old master development agreement, an updated agreement was made. City is on the hook for up to 6 parking structures associated with that agreement.
Would be great if the parking garage for 4L could be underground or a underground tunnel connecting to the existing underground garage the Hilton uses.
Re: Four Light
Posted: Wed May 04, 2022 2:24 pm
by DColeKC
Update: 4L is being designed now with plans to announce more information this year, including ground breaking target date.
My only worry is this pending recession I'm hearing about.
Re: Four Light
Posted: Wed May 04, 2022 2:30 pm
by Cratedigger
DColeKC wrote: ↑Wed May 04, 2022 2:24 pm
Update: 4L is being designed now with plans to announce more information this year, including ground breaking target date.
My only worry is this pending recession I'm hearing about.
Wow! Thanks for the update
Re: Four Light
Posted: Wed May 04, 2022 3:24 pm
by normalthings
DColeKC wrote: ↑Wed May 04, 2022 2:24 pm
Update: 4L is being designed now with plans to announce more information this year, including ground breaking target date.
My only worry is this pending
incentives battle I'm hearing about.
Fixed it for you
Re: Four Light
Posted: Wed May 04, 2022 3:35 pm
by earthling
^Isn't Cordish already locked in with the incentives?
Re: Four Light
Posted: Wed May 04, 2022 4:04 pm
by alejandro46
earthling wrote: ↑Wed May 04, 2022 3:35 pm
^Isn't Cordish already locked in with the incentives?
I thought the City learned last time that they can't just 'jk' the original Development Agreement with Cordish? Agree w DCole, 4L may get pushed back some as the Fed cranks up the interest rates and the economy may cool off some.
Re: Four Light
Posted: Wed May 04, 2022 4:53 pm
by AlkaliAxel
We already have 3L pushed off because of economy. Now 4L too? Yeah, let's get this thing built as quickly as possible.
Re: Four Light
Posted: Wed May 04, 2022 9:32 pm
by Anthony_Hugo98
DColeKC wrote: ↑Wed May 04, 2022 2:24 pm
Update: 4L is being designed now with plans to announce more information this year, including ground breaking target date.
My only worry is this pending recession I'm hearing about.
“Pending”? Aren’t we already there
Re: Four Light
Posted: Wed May 04, 2022 9:36 pm
by FlippantCitizen
Anthony_Hugo98 wrote: ↑Wed May 04, 2022 9:32 pm
DColeKC wrote: ↑Wed May 04, 2022 2:24 pm
Update: 4L is being designed now with plans to announce more information this year, including ground breaking target date.
My only worry is this pending recession I'm hearing about.
“Pending”? Aren’t we already there
Lol right. Need another quarter showing negative growth to meet the technical definition but we we probably entered what will become a recession in February. Smart money calling it since last November.