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One of the downtown properties with several new leases is Republic Center, boasting occupancy well above the CBD average, and adjacent to public transportation and the soon-to-be Pacific Plaza Park.
In the opening workshop session, held Sunday morning at ICSC's RECon Convention, Yaromir Steiner, CEO of Steiner + Associates, talked about how understanding the difference in need based services versus want base services is key.
“This report lays out a roadmap. It is a grand yet achievable vision that could turn the Stock Exchange District into the jewel it should be," says Jessica Lappin, president, Alliance for Downtown New York.
"We do believe there is considerable value to add through investments in social, recreational, and business amenities,” says Steve Card, principal and regional director, Mid-Atlantic, for Rubenstein Partners.
“A rapidly growing job base, increasing household income, and strong demand for quality apartments were all compelling reasons for developing this very well-positioned community," says Austin Knapp of Middleburg.
The development, Estancia, has the first State Street single-family residences in more than 30 years, and despite the recent devastation from natural disasters, Santa Barbara's real estate market is strong.