There’s going to be so much of this. Going to have a crazy effect on our cities.
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Replying to @Molson_Hart
I am hopeful many of those malls get redeveloped into multi use walkable developments.
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Replying to @mgirdley
Hope so too but Will only happen if the malls were in excellent locations like Northpark in Dallas. I wonder if it’s cheaper to start from scratch or to demolish and keep the poured concrete? Probably start from scratch.
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Replying to @Molson_Hart
Concrete would come out because you need to run new utilities. It’s probably also questionable after 30-40-50 years.
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Replying to @mgirdley
Why do you need to run new utilities? Pipes for residential on floors 3+?
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Replying to @Molson_Hart
Let’s say you make it housing or a portion of it housing... Assuming (unlikely) that want the housing where the mall/retail building is then you’ll likely want to have bathrooms+kitchens in each one. The same kind of mess applies to making it light industrial, too.
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Replying to @Molson_Hart
That’s just a basic one. Another is concrete comes in different formulas based on the building. so the existing stuff might not be strong enough or whatever. Brutal!
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Replying to @mgirdley
How’d you learn construction? Managing contractors etc seems a lot like managing manufacturing overseas and I have enough gray hairs doing that - is it?
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You said no spoilers but one of the things that Zell says is that he eventually realized that he was not being sufficiently compensated for the risks in construction. So he just stopped doing it.
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Replying to @Molson_Hart
As a developer? Yes just got through that. eye opening statement!
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Replying to @mgirdley
Right as a developer (not sure if I’m using that word right). Basically, I think he was saying that he just does buying, selling, and simple renovations. Though he did recently build a bridge into Tijuana’s airport so I dunno.
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