4Marq - 400 Marquette Ave (313' - 30 Stories)
Re: 4Marq - (313' - 30 Stories)
Aren't shared utilities usually build into the rent? In which case you'd probably be overpaying.
Re: 4Marq - (313' - 30 Stories)
Sharing heating (or cooling) can be bad because there's little direct reinforcement of costs versus the amount of energy used. One of my coworkers is president of his condo association, where one of his first jobs was to switch over to billing units individually for electric usage. Some people relied way too much on space heaters and were amazed when their first bills were huge. People kept their lights on all the time too, but they're behaving better now.
Mike Hicks
https://hizeph400.blogspot.com/
https://hizeph400.blogspot.com/
Re: 4Marq - (313' - 30 Stories)
^ That is my thought as well. When the HOA pays for the heat, what is to stop someone from having their heat on and windows open in the winter. Individual heat and cooling would seem to be better for energy usage.
Re: 4Marq - (313' - 30 Stories)
FWIW Sub-metering gas is expensive because of the small amount of gas used and the large upfront cost. It often doesn't "pencil out.". Gas needs to be sub-metered on the exterior and copper($$$) pipe run up to each individual unit, even more expensive when talking about a high rise like this.
Electricity, on the other hand, is easy to sub meter as mains can be run vertically and sub metered in a closet/room on each level. With electric appliances in the unit, using an electric magic pak makes the mos financial sense for the owner.
Electricity, on the other hand, is easy to sub meter as mains can be run vertically and sub metered in a closet/room on each level. With electric appliances in the unit, using an electric magic pak makes the mos financial sense for the owner.
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- Capella Tower
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Re: 4Marq - (313' - 30 Stories)
^It's interesting to see the engineering/GC side of the equation. I work a lot with the utility billing side of things for our Sustainability group and I often see single-bill heat for most Residential buildings, and especially hi-rises, probably for the reasons you outlined.
There are a lot of perks to having one consolidated bill for the LL though, as it's much easier to track and control, especially when it comes to investing in improvements. However, if the efficiencies gained pass on to the lessee when they pay their own bills, the LL has less incentive to make sustainable retrofits (for example), since the savings is largely passed on to the customer (I said "largely" because the LL will still pay for common areas and vacant spaces, and also because the building will be more attractive to lessees due to lower utilities expenses, and that can drive rents up).
There are a lot of perks to having one consolidated bill for the LL though, as it's much easier to track and control, especially when it comes to investing in improvements. However, if the efficiencies gained pass on to the lessee when they pay their own bills, the LL has less incentive to make sustainable retrofits (for example), since the savings is largely passed on to the customer (I said "largely" because the LL will still pay for common areas and vacant spaces, and also because the building will be more attractive to lessees due to lower utilities expenses, and that can drive rents up).
- FISHMANPET
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Re: 4Marq - (313' - 30 Stories)
It's kind of a larger problem for efficiency in rental, if the person purchasing the equipment isn't the person using it and/or paying for it, you can get weird situations. A tenant paying the cost to run a refrigerator would like an efficient refrigerator, but the landlord doesn't have a direct incentive to buy a more expensive fridge. With something like the magi-paks, there's no direct incentive to keep and maintain the unit efficiently. And if the heating/cooling costs are paid by the landlord, no reason for the tenant to moderate their usage.
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Re: 4Marq - (313' - 30 Stories)
Nice picture. The block looks better IMO with these buildings here than not.
Re: 4Marq - (313' - 30 Stories)
I have to say while standing outside of Wholepaycheck this evening, This building really pops out of the skyline compared to other building that just blend in and are background noise as it were.
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- Capella Tower
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Re: 4Marq - (313' - 30 Stories)
I was just in town last week visiting friends and I was in downtown checking out all of the development, and one thing that made my heart sink just a bit was how both the Nicollet Hotel Block AND the Powers Block both have single-project developments planned, as opposed to the 3 projects U/C for the Ritz Block you see in this photo. The Ritz is urbanism and revitalization done right, if you ask me.
I realize the Nic Hotel Block is smaller, and that the Powers Block may eventually have two buildings -- and that helps some -- but still....I wish developers were only allowed to build 1/2 a block at a time, or ideally, 1/4 of the block.
I realize the Nic Hotel Block is smaller, and that the Powers Block may eventually have two buildings -- and that helps some -- but still....I wish developers were only allowed to build 1/2 a block at a time, or ideally, 1/4 of the block.
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- Stone Arch Bridge
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Re: 4Marq - (313' - 30 Stories)
^this. I'm also concerned about the DTE megablocks. Though one area where coordination is useful would be full block plate underground parking, not that we're likely to get that anywhere at the north end of Nicollet. Yet we get much better results with smaller parcels.
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- Wells Fargo Center
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Re: 4Marq - (313' - 30 Stories)
The Powers block is the one featured in the photo above... Marq4, Nic on 5th & Xcel building. The Nicollet Hotel block is north of the library, and the Ritz block is east of the library.I was just in town last week visiting friends and I was in downtown checking out all of the development, and one thing that made my heart sink just a bit was how both the Nicollet Hotel Block AND the Powers Block both have single-project developments planned, as opposed to the 3 projects U/C for the Ritz Block you see in this photo. The Ritz is urbanism and revitalization done right, if you ask me.
I realize the Nic Hotel Block is smaller, and that the Powers Block may eventually have two buildings -- and that helps some -- but still....I wish developers were only allowed to build 1/2 a block at a time, or ideally, 1/4 of the block.
Just wanted to point that out. However, you make a good point - but when a developer owns the entire block, there's not much that can be done to change what they want to develop on it. The Powers block had multiple owners - which is why it has 3 different uses on it.
Re: 4Marq - (313' - 30 Stories)
Well, the Gateway tower is going to be full block underground parking, albeit under a full block parcel. They also suggested that they were looking at connecting it directly to Marquette Plaza's underground parking, though I'm not optimistic that'll happen.
Joey Senkyr
[email protected]
[email protected]
Re: 4Marq - (313' - 30 Stories)
They're not really "megablocks," though. The Wells Fargo buildings spread the length of a block, but they're actually quite narrow and won't front the street all that much when the other buildings are completed.^this. I'm also concerned about the DTE megablocks. Though one area where coordination is useful would be full block plate underground parking, not that we're likely to get that anywhere at the north end of Nicollet. Yet we get much better results with smaller parcels.
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- Capella Tower
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Re: 4Marq - (313' - 30 Stories)
Agree.The Powers block is the one featured in the photo above... Marq4, Nic on 5th & Xcel building. The Nicollet Hotel block is north of the library, and the Ritz block is east of the library.I was just in town last week visiting friends and I was in downtown checking out all of the development, and one thing that made my heart sink just a bit was how both the Nicollet Hotel Block AND the Powers Block both have single-project developments planned, as opposed to the 3 projects U/C for the Ritz Block you see in this photo. The Ritz is urbanism and revitalization done right, if you ask me.
I realize the Nic Hotel Block is smaller, and that the Powers Block may eventually have two buildings -- and that helps some -- but still....I wish developers were only allowed to build 1/2 a block at a time, or ideally, 1/4 of the block.
Just wanted to point that out. However, you make a good point - but when a developer owns the entire block, there's not much that can be done to change what they want to develop on it. The Powers block had multiple owners - which is why it has 3 different uses on it.
Agree. Agree.
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- Foshay Tower
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Re: 4Marq - (313' - 30 Stories)
Dang it Grant, I've got that view from the library copyrighted!
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- IDS Center
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Re: 4Marq - (313' - 30 Stories)
It's my reading nook too! Seniority rule I guess
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- Foshay Tower
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Re: 4Marq - (313' - 30 Stories)
Ok, we will just battle over that spot! I think I will wait till it hits 30 floors and snap another photo.
Re: 4Marq - (313' - 30 Stories)
I completely concur.I was just in town last week visiting friends and I was in downtown checking out all of the development, and one thing that made my heart sink just a bit was how both the Nicollet Hotel Block AND the Powers Block both have single-project developments planned, as opposed to the 3 projects U/C for the Ritz Block you see in this photo. The Ritz is urbanism and revitalization done right, if you ask me.
I realize the Nic Hotel Block is smaller, and that the Powers Block may eventually have two buildings -- and that helps some -- but still....I wish developers were only allowed to build 1/2 a block at a time, or ideally, 1/4 of the block.
Re: 4Marq - (313' - 30 Stories)
Looks like they only have 4 floors left! It's looking better now that I see it in real life.
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