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Actually, with lawyers and a track record and financing, Cafritz does have more going for it. Your position and theirs is by no means equivalent. Getting a zoning change is pretty likely, especially in PG County, especially now.

That's what I meant in terms of what I stated.

I don't know anything about the solar proposal nor do I have time to find out about it. Maybe it's great, but for a lot of developers, it would be a distraction. Whether or not it's the best use for that space, I don't know.

One problem with the Cafritz proposal for nonhousing stuff generally is that there is plenty of suboptimal commercial space already present in the area, and seemingly it would be better if instead some of those suboptimal places could be improved with the commercial part of this proposal, rather than doing "new development" and adding to the commercial space inventory (further devaluing extant commercial spaces).

But that's not how development works generally. Ideally Cafritz could link up with another developer, do the housing on the RP site, and jointly do other commercial (re)development elsewhere, with TDR etc. allowing for more intense housing at the RP site.

by Richard Layman on Aug 19, 2011 9:59 am • link • report