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[quote=Anonymous][quote=Anonymous]There has yet to be a matter of right proposal for either parcel. The Safeway plans were subject to more density and the earlier Martens proposals were subject to more density. But we can keep waiting for the mythical Matter of right proposal while the vacant property adds blight.[/quote]

Many developers may ask for a PUD (and Safeway was running into issues with its proposal).  But the reason that developers are hiding behind GDS' skirt on this transaction is because they can only make this density transfer argument if there is a common owner and development proposal.

If the market believes it can manipulate the regulatory regime, it will try to do so.  If the market can't, it will adjust and build accordingly.  I don't want to see vacant lots, but the neighborhood wants to get this right.  Otherwise, it will get a big, mediocre, overbuilt project like Cathedral Commons which can't even lease all of its space.  And that's not a surprise, because the Wisconsin corridor already is overbuilt for retail.[/quote]

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