The State News has an article up on whether Cedar Fest will expedite the East Village plans at all, and the consensus answer seems to be no. Ted Staton is, however, making the East Village sound like an inevitability rather than a possibility, which is good or bad depending on how you view the project.
According to the State News, The Pierce Group is still going forward with preliminary planning for the East Village Project, and has actually unveiled detailed renderings regarding the project. Unfortunately, there's no link to the renderings from either the State News or the LSJ, which also has posted an article about how the East Village Project should be immune from the current housing crisis.
I agree with Nancy Kurdziel, the president of Prime Housing, in that it is sort of silly to see Pierce coming up with these detailed plans for property that, apparently, he hasn't even acquired one lick of yet. That, above anything else to me, has to be the most discouraging thing. If Pierce continues this "the property will basically sell itself to me" mentality they seem to have over there, then I certainly can't see them starting construction by 2010, if at all.
Ask and you shall receive I suppose. I went back to the SN article, and noticed that they stated the renderings ARE on the City of East Lansing website. I don't have a chance to look at them in detail right now, but those that do have fun and let us know how they look.
Good point LMich. I could see Bogue getting crazy during class time with the pedestrians and those wanting to drive in and out of the East Village. Luckily they'll have plenty of time between here and construction to figure all that out. BTW, that underground parking will have to be MASSIVE if it's just going to be in that one area underneath the undergrad housing.
This hasn't been discussed in FOREVER, and for good reason. I, for one reason or another today, decided to check out the project website. The last "update" is from this past fall, when it was noted that the project was put "on hold due to the recession and its impact on the development industry and capital markets." It's noted that the project isn't technically "dead," but it's not progressing at all for the foreseeable future.
I sorta figured that. This is one that I expect to see move forward in the future though. Its a large project backed by a major development company, it's just a matter of when the credit market gets better.
Comments
I agree with Nancy Kurdziel, the president of Prime Housing, in that it is sort of silly to see Pierce coming up with these detailed plans for property that, apparently, he hasn't even acquired one lick of yet. That, above anything else to me, has to be the most discouraging thing. If Pierce continues this "the property will basically sell itself to me" mentality they seem to have over there, then I certainly can't see them starting construction by 2010, if at all.
Let me just say, I am very impressed with this project and I can't wait to see it completed.