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"Space is space is space." Blah blah blah. This isn't Econ 101. We have zoning laws, so no, all space is not the same. I haven't checked, but I'm fairly cer
by timr 14y ago
"Space is space is space."
Blah blah blah. This isn't Econ 101. We have zoning laws, so no, all space is not the same.
I haven't checked, but I'm fairly certain that the Grove's location isn't zoned for residential use. In any case, I can guarantee that isn't what the owners are planning to do with the space, given its prime location on a high-foot-traffic, retail strip.
- mhjacobson 14y agoThe zoning restricts the market somewhat, but it like anything else can be changed. Didn't mean to come across as patronizing above — sorry if I did. One more thing... you may have misinterpreted my comment. The situation I'm imagining is not the case where The Grove is turned into a residential development. It's the opposite — some residential areas are razed and rezoned for business, driving down The Grove's rent.