I don't think it has to do with parking lots are profitable but the reality that their is not enough demand and therefore rent rates are not high enough. Chip away at demand, get more people, visitors and jobs downtown to fill the current empty space. Will it save 300 S. Broadway? Who knows because might very well take another decade to fill the current empty space downtown.chriss752 wrote:If the parking lot owner South of here was willing to sell all or a portion of the site, that would be the case. Unfortunately, I don't see that happening until parking lot profitability comes down. There was a discussion on this earlier on in this thread.Elek.borrelli wrote:For the love of god, please convert this into lofts/ hotel instead of demolishing it. There is a massive lot just South on Broadway with equally good views into the stadium and of the arch. It would just be ridiculous to tear this piece of history down for a tower that could instead fill up an empty lot 100 meters away. All they have to do is cut holes for new windows, add street-level retail, remodel the interior, and sort out parking situation for future residents then bam you have yourself a smart, urban conscious development.
In some respects, I thought DeWitt/Cordish would have made a play on it just to land bank and or even protect against near term competition for One Cardinal and future Two Cardinal Way.







