Postby min-chi-cbus » January 3rd, 2013, 1:32 pm
Crazy! I find it so hard to believe myself but I don't doubt your sources or speculation if you have an inside track, I just have a hard time believing the market will cooperate long enough for anything to come to fruition!
I am especially having trouble grasping the "super tall" tower that's being thrown around, especially since it would have to be pretty much built by God him/her self before the residents of the city would accept any design proposal. I can see NIMBYs having an absolute field day with a project like that! Besides, I can't think of who could fill even 50% of a supertall tower (almost any bank is going to have that as a condition before lending). Wells Fargo COULD have, but clearly that's not happening if they're opting for the "corporate campus" route. The National Bone Marrow Donor Association is (only) looking for 300K-400K SF of space, and any super tall would easily be 1.5 million SF at the smallest, so that's about 25% of the space, and probably not enough to be an anchor tenant for something so big. The two lawfirms looking for space could EASILY be in the market for super premium class A space (and the rents they command) but again, I don't think they could be large enough anchors on their own (maybe together).
I'd love to know more details but I realize there's insider company restrictions and such that make talking about such things illegal, so we can all just suffice with the "gut feeling" of a few lofty msp'ers for now -- it sure makes daydreaming more interesting!
P.S. are these 3 or 4 NEW towers (over and above what we have already been discussing here on urbanmsp.com)? Because we already have a decent foothold on the NBMDA proposal, and we can surmise what the Wells and convention center hotel could be fairly well, given the info we have on those.