I knew someone would write this perky, upbeat article for me. It comes from Work It, Richmond, and I can't remember if that is some Richmond Times-Dispatch offshoot or another initiative from the Greater Richmond Chamber of Commerce, through HYPE, the "Helping Young Professionals Engage" group.
[I personally call HYPE "Helping Young Professionals GET Engaged"," but that's just me.]
Anyway, of course everyone there said everything was "Great!," everything was 100% occupied or renting up well above expectations, rents were high, blah, blah, blah, blah.....
God bless Brian Ohlinger of the VCU Real Estate Foundation, who basically looked at the developers following his presentation and said "Stop. Building. VCU. Student. Housing." Although in a much more diplomatic and politic manner. No one else seems willing to call anyone on all this insane apartment development downtown.
I'm going to write more on this later, but I just had to post this article. For now, you can see my personal opinion on the apartment building craze here. And keep in mind my March 7, 2012 post includes a much broader geographic scope of development than Venture Richmond's definition of "Downtown" and does NOT include a heck of a lot of apartment units that were discussed yesterday. Scarier and scarier, I believe.
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