Cirex Views & News Commercial Real Estate Insights
by Ralph Kamps
cirexnews.com
Minneapolis, Tackling Housing Crisis and Inequity, Votes to End Single-Family Zoning
In a bold move to address its affordable-housing crisis and confront a history of racist housing practices, Minneapolis has decided to eliminate single-family zoning, a classification that has long perpetuated segregation.
The Minneapolis City Council voted last Friday to get rid of the category and instead allow residential structures with up to three dwelling units — like duplexes and triplexes — in every neighborhood. Minneapolis is believed to be the first major city in the United States to approve such a change citywide.
RSK: WOW! This may be the most interesting story of the year. Will need to track this to see how it works
out....there are reasons for zoning laws and ordinances.
Ken Notes: This would be great for micro housing as well! Employees with Disabilities Find a Home in Restaurants
Located near a school for the deaf, Starbucks’ new D.C. store only hires people who are proficient in American sign language.
Tom Landis, founder and CEO of Dallas-based Howdy Homemade, remembers walking into one of his many ice cream stores to see that his manager, who has special needs, had brought his personal drum set into the dining area, explaining that kids would enjoy playing. Before an incredulous Landis could respond, a family with young boys walked in. Their eyes lit up, they ordered their ice cream, and sat down to rock out. The drum set increased traffic for the rest of the day....
RSK: Good article.
Get to know the Terravessa Neighborhood … of Fitchburg
Fitchburg, a neighbor of Wisconsin’s Capital City, Madison, is known as a progressive and environmentally-conscious community — where residents care about sustainability, accessibility, and open spaces. That’s why we’re excited to bring you Terravessa™ — a 21st Century neighborhood that embraces all of these attributes and much more. This is not your typical suburban neighborhood of the past. Terravessa is a neighborhood with great promise of the future. One with a theme, culture, and amenities suited to the lifestyles of the residents seeking sustainability, active recreation, and connectivity. It will truly be a unique place to live in the Greater Madison area.
RSK: New neighborhood with homes plus retail etc.
Wisconsin Development News
by KEN HARWOOD
wisconsindevelopment.com
Judge Doyle Square litigation could cost city $40 million, developer says
With a critical City Council vote Tuesday, Mayor Paul Soglin and city attorney Michael May are warning of potential costs, delays and other impacts if a developer sues the city over the massive Judge Doyle Square project.
Beitler Real Estate Services of Chicago, in a new memo to city officials, said it doesn’t want to sue but that current plans to transfer part of the project from private to public ownership “will result in a lawsuit for damages associated with the entire project in excess of $40 million.”
The council twice has refused to pay $600,000 to Beitler to resolve the dispute over part of the $186 million project, which calls for a hotel, apartments, commercial space and parking on blocks that hold the Madison Municipal Building and Government East parking garage...
Ken Notes: The council needs to be held responsible for their actions because there is far more than politics in play here. Also contrary to what is being said, developers are not a litigious bunch they more than any other business know that time is money. The lawsuit may have been wrong from the onset, but city decisions did not align with the agreements in place and they wanted to Quickly point this out. Cooler heads have now prevailed and an agreement is on the table that moves the project forward. If the project is delayed or substantially modified the ONLY winners will be the lawyers for both groups.
I was among those who liked other projects more than the current one. I had my say and got out of the way. Now the council needs to do the same.
The swords were out when the city challenged the developers and ques- tioned their change of plans, the agreements and contracts aligned with the developer - it is now time to put the swords away.
When a project is in the dirt time is REAL money and lots of it, it can be documented and the responsible parties are held, well... responsible. In the end the winner gets paid and in this case the contracts and agreement say the developer will win. The courts play by a very specific set of rules and the opinion of the city council will not even be considered. So here are your options an agreement to complete the project for 600K in what amounts to a change order or spend upwards of 40 Million to not move for- ward, leave a large hole in the ground, and have to find another company to step in and complete a 186 Million dollar project from square one. I promise you won’t even get credit for the hole...
KEN HARWOOD The Future Wisconsin Project and Wisconsin Development News P.O. Box 930234 Verona, WI 53593-0234 Phone (608) 334-2174
ken@wisconsindevelopment.com
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