High Point Spring 2008

I’m beginning to worry that the “Retail Center” is going to be a market-rate apartment complex. Present market conditions (i.e. lack of financing for speculative commercial real estate) and months after months of delays on the retail center’s ground-breaking, as well as the lack of any announcement for an anchor tenant has lead me to believe that this project has been dramatically redesigned from what it was originally envisioned and sold to future residents as.

In other news, it seems that the neighborhood has really been quieting down over the last few months. Personally I have noticed a significant reduction in terms the loitering that used to take place on 30th, 29th, and High Point drive respectively. The raucous parties which often seem to dominate Friday and Saturday nights in certain parts of High Point have died down quite a bit–though not completely. 

Looks like there is plenty of inventory hanging around High Point Phase I for prospective homebuyers; I wonder what this means for everyone who bought on the hopes that Phase II would incorporate more for-sale single family homes. Hopefully the developers who bought the land can secure financing and plan to continue building in spite of the abundance of homes still on the market.