A.G. Spanos
The highlight of last night’s PD-15 meeting was seeing the developer proposals for both the Diplomat and Preston Place by A.G. Spanos and Provident Realty, respectively. No slam on city planners, but somehow platting, drainage, and residential proximity slopes don’t hold the same ooo-ah as drawings. To give a few spoilers, A.G. Spanos’ plans for…
Read MoreA.G. Spanos has released a second, more thorough economic analysis of the feasibility of redeveloping Pink Wall parcels within the confines of the Preston Road and Northwest Highway Area Plan (PRNHAP). Spanos has a contingent contract to redevelop the Diplomat condos within PD-15 and has financed both viability studies. While Spanos has obvious motives, any…
Read MoreGood news. You don’t have to go to Idaho to fish in Bogus Creek. Last October, I wrote about how the NHPRAP (Northwest Highway and Preston Road Area Plan), not even a year old, wasn’t designed to be economically viable. Essentially, my scribbles revealed that were its Zone 4 area to follow the recommendations contained…
Read MoreWhat makes PD-15’s gyrations different from many other upzoning cases is that there is no blueprint to follow. The Toll Brothers building in Oak Lawn largely fits within its MF-3 zoning. Sure, some complain whether MF-3 is appropriate for the area, but it’s there. Other projects have MF-2 and want to move beyond those controls.…
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