3 ms·
At 170M development cost for 1,000 residents, a break-even point of $170k per resident seems quite high for Phoenix. This unfortunately looks like a luxury prod
by didgeoridoo 3y ago
At 170M development cost for 1,000 residents, a break-even point of $170k per resident seems quite high for Phoenix. This unfortunately looks like a luxury product. Hopefully future costs come way down as they figure out the formula and can make this accessible to more people, as it’s definitely a much more human-scale, healthy, and pleasant way to live.
- bombcar 3y agoIt's basically an apartment complex, smack-dab in the middle of the city. They just don't have parking (and I am suspicious that this will eventually cause an issue, but we'll see).
- jononomo 3y agoYeah, living without a car is definitely a luxury lifestyle. It's funny how the tables have turned and a relying on a car is now a sign of poverty.
- didgeoridoo 3y agoThere may be a cultural component. A few very poor 1st-generation immigrant Dominican and Cambodian communities near me are actually super walkable (e.g. grocery store and schools within 10-15 min walk). Same with the much richer historic downtown. It seems that the white and 2nd+ generation Hispanic upwardly-mobile middle classes actually have the most car-bound lifestyle around here. Maybe being able to afford an isolated yet stroad-surrounded single-family home is kind of a trap in the long run.
- mym1990 3y agoWith a McKinsey and startup background I would almost guarantee he is not shooting for the more affordable end of the stick.
- digdugdirk 3y agoNot particularly. Large apartment buildings would be ~1/4 that cost, and this consists of much more infrastructure that would need to be built. Seems like a reasonable cost for something that would have much better opportunities for extra value generation (shops, activities, etc) for the development itself.
- nostrebored 3y agoIt's a luxury product because, unlike car infrastructure, it's not funded extensively by the state.