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by errantmind
1052 days ago
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This depends on other conditions being good as well, like being bike/pedestrian friendly and reasonably safe. There's no amount of new homes they could build that would revitalize Houston's downtown because it sucks. Most of the people I know who live and work inside the loop go out of their way to avoid downtown. I live adjacent to downtown and haven't been there for anything, including events, for years. |
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Moreover, there are many urban downtowns that don’t “suck’, such as Boston and NYC that are still facing a challenging commercial real estate market. Additional residential in this metros will be quickly snapped up and drive demand for nearby offices.