Once again, our local print media has published an article proclaiming downtown to be in a state of decline. First, Berger Briggs reported they are moving their main office to North I-25 a couple weeks ago. Now, Ruby Shoesday owner Jackie Gonzales states she is moving her boutique shop to the uptown area. Oh, and the Petroleum Club closed as well. Although I wasn't even aware they were still open anyhow. Apparently, this is the sign of the rapture for our Central Business District.
This article comes from a newspaper that is in the middle of the action at 1st and Central. Let's compile a small list of activity within a quarter-mile of their offices:
1) Arena & Hotel ($350m) - right across the street
2) BelVedere - ($13m?-ish) - 54 residential units plus retail three blocks west
3) Silver Lofts phase II - 27 residential units seven blocks west
4) Anasazi Downtown - 45 lofts w/ retail
5) old Greyhound site - 100+ lofts plus retail
6) Gertrude's castle
7) WESST CORP downtown incubator on Broadway south of Lomas
8) Impending renovation of La Posada
These large developments are in addition to Mass Mutual, Lockheed Martin and Sento Corporation's decisions to open offices downtown within the last year. Not to mention the opening of the first retail establishment to open up in the Gold Avenue Lofts - Vitality Juice Java & Smoothie Bar. I'm no Alan Greenspan (although his genius can be argued with the coming impacts of his policies) but downtown is still on the move and not really going south. The exodus of one retail shop and addition of another is just business as usual. I can understand the Journal writing this type of garbage seeing as their property is the beneficiary of any increases in land prices around "Journal Center." Me thinks the Business Weekly needed to keep employees busy last week.
This article comes from a newspaper that is in the middle of the action at 1st and Central. Let's compile a small list of activity within a quarter-mile of their offices:
1) Arena & Hotel ($350m) - right across the street
2) BelVedere - ($13m?-ish) - 54 residential units plus retail three blocks west
3) Silver Lofts phase II - 27 residential units seven blocks west
4) Anasazi Downtown - 45 lofts w/ retail
5) old Greyhound site - 100+ lofts plus retail
6) Gertrude's castle
7) WESST CORP downtown incubator on Broadway south of Lomas
8) Impending renovation of La Posada
These large developments are in addition to Mass Mutual, Lockheed Martin and Sento Corporation's decisions to open offices downtown within the last year. Not to mention the opening of the first retail establishment to open up in the Gold Avenue Lofts - Vitality Juice Java & Smoothie Bar. I'm no Alan Greenspan (although his genius can be argued with the coming impacts of his policies) but downtown is still on the move and not really going south. The exodus of one retail shop and addition of another is just business as usual. I can understand the Journal writing this type of garbage seeing as their property is the beneficiary of any increases in land prices around "Journal Center." Me thinks the Business Weekly needed to keep employees busy last week.
Edit (Monday, 2-26-07, 2:51 PM): See Don Pizzolato's article over at Duke City Fix. This is why newspaper articles are so damaging when writers don't understand their subject. I usually like Don's posts because they are intelligent, but this time he's jumped on the bandwagon. Some of the commenters have great constructive criticism, however.