Diplomat Moving Forward … With What? Pink Wall Mystery Continues

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Alpha Testing in Front of Diplomat with Athena in Background

Alpha Testing in Front of Diplomat with Athena in Background

It was just over a month ago that surveyors were spotted measuring the Diplomat condominiums in Pink Wall turf.  Today we see an Alpha Testing drilling rig seemingly gathering core samples to test for new foundations.

The Diplomat continues to be mum about what’s going on.

PD-15-v3-Small-Colored-Labels

Area of PD-15

Called Geotechnical Drilling, it’s what’s done during site investigation to figure out if a site is capable of withstanding what a developer wants to build.  We’re talking about soil stability and its ability to hold weight without shifting or sinking.  I suppose we can infer that whatever the Diplomat is up to, it requires enough additional foundational support to require this testing.

Does this equate for a desire to double to four stories as the Preston Center Task Force plan hopes?  Or because being inside Planned Development District 15, outside city zoning, that there’s something taller afoot?

I think someone needs to ply residents with egg nog.

 

Remember:  High-rises, HOAs and renovation are my beat. But I also appreciate modern and historical architecture balanced against the YIMBY movement.  If you’re interested in hosting a Candysdirt.com Staff Meeting event, I’m your guy. In 2016, my writing was recognized with Bronze and Silver awards from the National Association of Real Estate Editors.  Have a story to tell or a marriage proposal to make?  Shoot me an email [email protected].

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Jon Anderson is CandysDirt.com's condo/HOA and developer columnist, but also covers second home trends on SecondShelters.com. An award-winning columnist, Jon has earned silver and bronze awards for his columns from the National Association of Real Estate Editors in both 2016, 2017 and 2018. When he isn't in Hawaii, Jon enjoys life in the sky in Dallas.

1 Comment

  1. renato on December 15, 2016 at 5:53 pm

    This whole scenario raises the issue of whether condo owners who option their property to a developer know
    or should know what kind project the developer contemplates. The Diplomat situation is too complicated for me to analyze, but I wonder about the appropriate amount of “vigorish’ a developer should be able to capture off unit sellers by effectively arbitraging the zoning, say between MF-2 and effective MF-3 or higher.

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