Downtown Condo Gossip/Update
I was treated last night to the opening of the Dallas Center for Architecture at 1909 Woodall Rogers, a new central HQ to support architects, allied organizations and disciplines, and engage the public in learning more about the plethora of talent this city holds when it comes to architectural design. The center is beautiful. I also had the chance to speak with two architects working on two major downtown condo developments that many say are lagging. Given the nature of our economic climate the last two weeks, I had to ask them about progress or lack thereof. Good news: Museum Tower just made another residential unit sale, buyer met with the architect recently: MT is plowing ahead. As for the Stoneleigh, word is that the hotel was so successful and overfloweth so much they need the parking garage to be done STAT — so all hands on deck are finishing the parking garage, then going back to complete the Stoneleigh Heritage.
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Museum Tower is still looking for financing. This project has been around for more than 10 years and all they have a pretty renderings.
Stoneleigh is still looking for financing. The b.s. about “quick, everyone work on the garage,” is just that. Sub-contractors have removed their equipment because they haven’t been paid. The joint development by Apollo and Prescott is currently trying to renegotiate their agreement. It doesn’t look good.
Since when do we believe architects who are being paid to provide a positive spin. If it doesn’t get built, they don’t get paid. How could they ever say anything contrary to what results in their payday?