01-09-2022, 10:48 PM
(01-09-2022, 08:06 PM)plam Wrote:(01-09-2022, 06:05 PM)danbrotherston Wrote: It's worse than that, it's owned by 100s of individual owners.
But money solves a lot of problems. If the land is sufficiently valuable, they could probably convince 2/3rds of the owners to work through a sufficiently non-disruptive plan.
That being said, while I like big developments, I think there are tons of smaller parcels. Like, most of Charles St. is parking...these I think are the real opportunity if only we can eliminate the obstacles to developing these kinds of things.
Turns out that where I live (condo townhouses), the parking (which is immediately outside my unit) is actually exclusive-use common area. I don't know how Kaufman is set up, but it may be like that, so that only the condo corp needs to be convinced, which is easier.
If it's not assigned parking (and I don't believe Kaufman Lofts has that) you still need approval of the owners of two thirds of the units in order to sell a substantial portion of common elements (and I'm sure this would qualify as substantial). So, not impossible, but no slam dunk, either.