Articles in the Real Estate Category
Architecture, Economic Development, Editorial, Featured, Headline, Politics, Real Estate, The Media, Urban Planning »
Once again, it appears that “build it and celebrate it” no matter the past sins (or future consequences) reigns supreme among economic developers. While hyping an announcement of more jobs and new construction in Greater Lansing, the fact that the insurance company in question challenged its property taxes using the “functionally obsolete building” scheme in 2010 was conveniently overlooked (see article in City Pulse).
If you are not familiar with the “functionally obsolete” tax game that is being employed most often by big box retailers, the claim that is made is …
Brain Drain, Economic Development, Editorial, Great Lakes, Headline, Politics, Real Estate, The Environment, U.S. Auto Industry, Urban Planning »
The title of this post may be a bit controversial, but can also be sadly true. Far too often, it seems a blind eye is turned toward the sins of the past just to generate new economic investment. A perfect example is portrayed in the past week’s (April 17th edition) of City Pulse by an article entitled “A Tax Break Won’t Change This.” While tax breaks are being offered to GM for additional investment in Greater Lansing, a ginormous vacant parking lot blights the near south side of the city, not to mention additional deteriorated sites along Saginaw Highway on the west side of town.
Featured, Real Estate »
The mansard roof and red brick over white stone façade of the building at 380 East Town Street is a solid, if not somewhat subdued, example of the Second Empire style that was popular in mid to late nineteenth century American architecture. The building, constructed in 1890 by retail titan Fred Lazarus, Sr., has stood alternatively as a grand residence, an office space, a surgeon’s suite, and a boarding house. Most recently it has stood empty, unable to find a buyer willing to take on a historic property in a Columbus neighborhood that does not currently know what to make of itself. This particular section of downtown Columbus has not seen the runaway popularity (and thus runaway property values) that has been seen in some of the surrounding districts. And so the property sat on the market for five years, vacant for the last 12 months. Being situated next to a surface parking lot the owners of the Lazarus House recently became concerned that if they were to lower the price of the property much further, it would be scooped up by the parking lot owner and leveled.
Featured, Race Relations, Real Estate »
The worst part about living in Hough is that you can’t talk about living in Hough.
Not unless you want to experience Horrible Things from your friends, family and colleagues. There are three types of Horrible Things: 1) The LOOK, 2) The pat on the back, and 3) The argument.
Horrible Thing 1: the LOOK:
Several of my high school friends went out to dinner, the ladies who have been there through the highs and lows, from the hilariously awkward middle school dances through baby showers and funerals. One friend was looking to buy a house and I chimed in, “Oh yeah, the neighborhood is everything.”
Featured, Race Relations, Real Estate »
My friend, Youngstown celebrity Phil Kidd, told me a hahafunny recently. After consistently being ranked as one of the poorest cities in the country, Youngstown has recently seen a small reversal of fortunes in its downtown. A handful of new bars, some housing development, and viola — old-school Youngstowners are now complaining about “gentrification.”
I have a message for these people: Stop it!
The following list identifies 55 commercial aviation airports in the Rust Belt in order by land area (or footprint). Pittsburgh International is far and away the largest airport in the region and is one of the largest in the United States. The average size among these 55 airports is 2,613 acres, or just approximately 4.1 square miles.
For some of these cities, the small footprint of the local airport presents challenges for future growth and expansion. This problem is particularly acute for Erie, Chicago (Midway), and Harrisburg. Even some of the larger …
Featured, Real Estate »
It’s been a while since the Phillips 66/Del Taco saucer at Grand and Forest Park Avenue has been in the news. Rumors have heated up recently about two future tenants set to occupy to landmark building once threatened with demolition. Owner Rick Yackey argued last June at a Board of Aldermen hearing that while the Council Towers complex was historic and justified in its listing on the National Register of Historic Places, the former gas station, turn burrito stand, was only listed by geographical happenstance.
Economic Development, Good Ideas, Headline, Real Estate »
This video explains the construction of Climb So Ill, a rock climbing gym constructed in the city of St. Louis in a formerly abandoned industrial building.
The guy who sent me this, Adam Koberna of Walltopia, said his company is looking to build gyms like this throughout the industrial Midwest.
Economic Development, Education, Featured, Public Transportation, Real Estate, The Environment, Urban Planning »
According to September 2012 issue of Money magazine and based on a variety of socio-economic, climatic, financial, and demographic attributes, Carmel, Indiana (just north of Indianapolis) is the best place to live in the United States in 2012. Eden Prairie, Minnesota (southwest of the Twin Cities) took third place in the annual barometer. Other Rust Belt communities included in Money magazine’s Top 100 include:
#11 Woodbury, Minnesota (Twin Cities)
#12 Fishers, Indiana (Indianapolis)
#14 Eagan, Minnesota (Twin Cities)
#19 Lakeville, Minnesota (Twin Cities)
#22 Maple Grove, Minnesota (Twin Cities)
#26 Troy, Michigan (Detroit)
#37 West Bloomfield, Michigan (Detroit)
Headline, Real Estate »
There are few pieces tackling the subject of abandonment in the Rust Belt that are more personal than D. Jones’s film, 631. In less than ten minutes, we get the story of the life and death of a house in Youngstown. More importantly, 631 accomplishes the rarest of things; it gives us the back-story for what would be just one more forgotten derelict home.
Old film footage and stills convey the central importance of this house in the lives of Derrick’s grandparents, mother, and himself. Joyce Jenkins, Derrick’s mother, doesmuch of the narration. The house came to her as a young mother and she was forced to leave it as a middle-aged woman.