We’ve heard some very welcome news.The long-stalled Strand building project at 1100 Cleveland has apparently been resurrected. The owners have received a $22 million loan to complete the development after sitting untouched for years.
Not only will this remove downtown’s biggest visual blight (well, other than the Harborview and its “gray field”), it will add another 132 apartments to our downtown neighborhood.
In our view, apartments are what we need the most right now. Apartments have full-time residents. Condos, on the other hand, are often second homes. For example, in Water’s Edge, only half are full-time residents. Another advantage to apartments-dwellers in urban cores is that they tend to skew younger, leading to more demand for dining and nightlife. And that’s what leads to a vibrant downtown!