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Re: The Midland Lofts (formerly Midland Office Building)
Posted: Tue Mar 26, 2024 1:09 pm
by Chris Stritzel
Highlander wrote: ↑Tue Mar 26, 2024 10:31 am
Chris Stritzel wrote: ↑Mon Mar 25, 2024 9:40 pm
Wanna hear something wild?
The Midland Lofts website says 53 apartments are available of the 135 being built. Already 60% leased if that's the case. Could they open with a 90%+ occupancy number?
Are these the P&L District "affordable" units? If so, shows there is a market for that in downtown.
They’re far more affordable than most housing product built downtown in recent years. Some apartments rent for below $900 per month, but those are smaller units. The amenity package for this property, despite being small, is packed.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Wed Apr 24, 2024 9:20 pm
by Chris Stritzel
Chris Stritzel wrote: ↑Mon Mar 25, 2024 9:40 pm
Wanna hear something wild?
The Midland Lofts website says 53 apartments are available of the 135 being built. Already 60% leased if that's the case. Could they open with a 90%+ occupancy number?
33 available apartments. 75.5% pre-leased.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Thu Apr 25, 2024 7:25 am
by langosta
Could be 20 of 55 leased
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Thu Apr 25, 2024 8:19 am
by DColeKC
Chris Stritzel wrote: ↑Wed Apr 24, 2024 9:20 pm
Chris Stritzel wrote: ↑Mon Mar 25, 2024 9:40 pm
Wanna hear something wild?
The Midland Lofts website says 53 apartments are available of the 135 being built. Already 60% leased if that's the case. Could they open with a 90%+ occupancy number?
33 available apartments. 75.5% pre-leased.
All of the sub $800/month units went fast. Opening is now June.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Tue May 07, 2024 10:21 pm
by DMNBT_RCJH
Sign is up on corner of building at 13th and Baltimore. Looks nice.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Fri May 17, 2024 3:10 pm
by langosta
75%+ leased by opening per KB Biz. Journal
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Sun May 19, 2024 8:07 pm
by DColeKC
langosta wrote: ↑Fri May 17, 2024 3:10 pm
75%+ leased by opening per KB Biz. Journal
Might exceed that amount if it keeps up. Very cool to see.
Also mentioned and well known here but third historic building that Cordish has renovated in PNL.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Mon May 20, 2024 10:29 am
by dukuboy1
bring on the residents! Also let's hope we can get some more businesses downtown as well so these folks can walk to work.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Mon May 20, 2024 1:06 pm
by WoodDraw
It’s worth noting that this took like a billion years and only happened because of negotiations with the city.
What we need is more developers and policies that make development a right!
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Mon May 20, 2024 4:19 pm
by DColeKC
WoodDraw wrote: ↑Mon May 20, 2024 1:06 pm
It’s worth noting that this took like a billion years and only happened because of negotiations with the city.
What we need is more developers and policies that make development a right!
It was moved up in the timeline due to negotiations with the city but was always in the plans.
Make development a right? I think I've heard it all now. Everything is a "RIGHT"....
What we need is less red tape and more creative ways to help developers build new affordable and profitable housing. If we are just going to continue to expect developers to build affordable units and not make money, we're going to be waiting awhile.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Mon May 20, 2024 4:22 pm
by langosta
DColeKC wrote: ↑Mon May 20, 2024 4:19 pm
WoodDraw wrote: ↑Mon May 20, 2024 1:06 pm
It’s worth noting that this took like a billion years and only happened because of negotiations with the city.
What we need is more developers and policies that make development a right!
It was moved up in the timeline due to negotiations with the city but was always in the plans.
Make development a right? I think I've heard it all now. Everything is a "RIGHT"....
What we need is less red tape and more creative ways to help developers build new affordable and profitable housing. If we are just going to continue to expect developers to build affordable units and not make money, we're going to be waiting awhile.
By right is a well established phrased. Ie loosening zoning / mass rezone instead of making every single project plan require a rezone and council appearance.
Re: The Midland Lofts (formerly Midland Office Building)
Posted: Mon May 20, 2024 8:51 pm
by WoodDraw
langosta wrote: ↑Mon May 20, 2024 4:22 pm
DColeKC wrote: ↑Mon May 20, 2024 4:19 pm
WoodDraw wrote: ↑Mon May 20, 2024 1:06 pm
It’s worth noting that this took like a billion years and only happened because of negotiations with the city.
What we need is more developers and policies that make development a right!
It was moved up in the timeline due to negotiations with the city but was always in the plans.
Make development a right? I think I've heard it all now. Everything is a "RIGHT"....
What we need is less red tape and more creative ways to help developers build new affordable and profitable housing. If we are just going to continue to expect developers to build affordable units and not make money, we're going to be waiting awhile.
By right is a well established phrased. Ie loosening zoning / rezone instead of making every single project plan require a rezone and council appearance.
Yeah this