Tuesday, June 26, 2007

Holes in the Ground


This is "Riverpark" one of my local "holes." Holes are development projects that have been started but stand little chance of being completed as promised. Sacramento has a hole so large it swallowed CalPERs. Bakersfield appears to have dodged the big bullet as Crisp & Cole got caught before they got to the hole stage with their high rise condo scam. Got any holes in your area?

25 comments:

The Dude said...

The Global Warming Heretic

The Dude said...

Thought I'd throw ya'll off....FIRST!

The Dude said...

And murst! What a day!

Anonymous said...

yeah theres a big hole here in Ventura County named rob dawg. What an effing wind bag.

Jeffrey said...

Elevation Tower

http://www.weknowurban.com/highrise-loft-buildings/Chandler/Elevation-Chandler.html

Right now it's a big 7 story skeleton of concrete and steel, no money to finish, an eyesore on the 101.

serinitis said...

Has Crisp and Cole actually been stopped. They have tax agencies and mortgage companies trying to collect from them, but I had not seen anything about their project being cancelled.

The Real Wagga™ said...

Fresno's Running Horse is 3 quarters of a square mile in 9 square miles of blight.

samk said...

No 'holes' that I know of, but there are a few townhouse developments in the area that have been sitting, mostly vacant, for the past year or so. This is a small town in Southwest PA. I am sure the people who bought McMansions on the hill above one of the developments are very happy to have had their view of the Amos K Hutchinson bypass besmirched.

mejustme said...

Hotel developer asking for more time

This was such a crime. A redevelopment agency allows this guy to put $1MM of improvements into a property, which was a successful cigar shop in our bustling Gaslamp Quarter. Then they turn around and tell him he must sell to a hotel developer. "Best and highest use" is the agency's constant refrain. Plus they get all the additional tax revenue (redevelopment agencies are a huge scam!).

Lawsuits ensue, the perfectly unblighted building is bulldozed, a large settlement is being appealed, and meanwhile the hotel developer doesn't have the money to build a hotel.

opal said...

'River Park' eh? Funny I don't see a river or a park.

I guess the reic are just as creative with names as big pharma is with their latest drug names.

The Dude said...

You want holes in the ground? Try Trump Towers New Orleans. The BIGGEST hole in the biggest anal cavity on the planet. At least the proposed 70 floor tower is a large enough phallic symbol to get the job done. *IF* it does get built, it will be by the taxpayers; not developers....just like the SuperDome.

Don't get me started......

J-Dog said...

It's called riverpark because it literally sits on the Santa Clara river plain. They just backfilled the river plain and diverted it somewhat.

Anyone who was around two years ago when we had those monsoons in January 05 (remember La Conchita) could have driven over the Santa Clara river bridge on Los Angeles Ave. and would know the last place to buy a house would be in Riverpark. That also goes for the new development in Fillmore, just a little further up the Santa Clara river plain. I wonder if everyone is required to carry flood insurance and how expensive it is in those areas?

Anonymous said...

Did Casey buy SLV? (Silver ETF)

Ogg the Caveman said...

The only holes in the ground here are quarries, and even those aren't holes so much as flat spots where the hill was cut away.

One notable hole in Bellevue was the Lincoln Center project, but it was eventually completed after changing hands a few times. IIRC upper floor condos went for upwards of $1M with views of the Olympics, the Cascades, or both.

High-rise living really isn't my style, but that view...

opal said...

Thanks, J-Dog,

I am not familiar with the area.

FILLMORE maybe a very appropriate name for a development during a flood!

Sharky said...

A hole?

Near me?

That would be Baltimore...gotta love them waterfront slums off of South Hanover street, hon!

Anonymous said...

hey Sharky, i just watched seasons 1-3 of The Wire, that is filmed in Baltimore - what a warzone! Jesus

Sharky said...

http://maps.google.com/?ie=UTF8&ll=39.253757,-76.621635&spn=0.001894,0.003616&t=k&z=18&om=1

Sharky said...

Here's another...doesn't quite qualify as a "hole" because they completed it...but:

http://www.dullestowncenter.com/buildingone_progress.html

The 411 on this heap of Bauhaus is that the county engineer fudged his soils studies.

They built the core, jacked the llors up into place, and then one side of this "Jetson's Barn" sank to a level 18" (so I heard), lower than the other.

As you can imagine, lawyers came a-runnin' from every point on the compass.

They ended having to backfill somethinglike 21' under the foundation to make the thing more-or-less level.

You'll notice that it's still seeking tenants, despite a fairly prime NoVa location.

Maybe Kangatard will buy it for Casey Serin World Headquarters...what y'all think?

It's close to Dulles airport, which seems to be important to the Hobbit's bizness plan.

Anonymous said...

Looking at that picture one 'minor' detail springs to mind THERE IS NO WATER!

If there is a prolonged drought 'oh wait there already is' these places will be among the first to get cut off.

Rob Dawg said...

Santa Paula and Fillmore are real disasters in the making just upstream. They are also building in the floodplain. The wildcard is the new city of Newhall just over the county line in LA county. They are channelizing their stretch of the river and are basically setting up all the downstream places for multibillion dollar lawsuits.

Chris Johnson said...

Why was the Crisp & Cole condo project a "scam," other than being a dumb investment?

Anonymous said...

River Park - the Retail parcel North of Ventura blvd. adjacent to the 101 will break groung in 5 months, as will the smaller parcel across the street adjacent to the office tower and Ventura Blvd.

The largest parcel south of entura blvd. and adjacent to the 101 will break ground in six months.

All those projects are entitled, leased, and funded.

Anonymous said...

Your picture appears to be taken from the south side of the largest retail parcel, looking north over that parcel toward the apartment complex being constructed on Ventura blvd.

Rob Dawg said...

Anon, where do you get that the projects are leased?