Downtown’s dilemma

Demand is there for downtown residential units, yet high land costs are limiting development and deals that are getting done are marketed to higher-end renters to make the numbers work.

David Jacobs

February 22, 2023

DOWNTOWN LIVING: The 440 on Third apartment building, which includes a Matherne’s grocery on the ground floor, is a mid-century modern structure originally built for Fidelity National Bank in the late 1950s. (Courtesy DNA Workshop)

Demand is there for downtown residential units, yet high land costs are limiting development and deals that are getting done are marketed to higher-end renters to make the numbers work.

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Downtown’s dilemma

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