It’s called working together, city & developer. You can’t say the developer is not responsible. I know the city has to address the issue, but the developer is the one taking the occupants money and leaving them to find out that the area infrastructure does not support them. I guess it is the responsibility of the buyer.

I as you, will be living here ten years from now?

Guys, all kidding aside, I don't think you always know what you are talking about when you discuss developers.

I do acquisitions and asset management for a Philly based development firm and we develop residential, apartment, condo, retail, office and industrial in over 30 states. Our current portfolio is valued at over $2 billion dollars.

And I can promise you that anything that may be of a concern to a potential buyer/tenant is a concern of ours when evaluating a job. So, for example we will hire third party consultants to conduct environmental, physical, and traffic studies and evaluations BEFORE we even close on a development site.

Why do we do this? Because if traffic sucks it won't be a secret to potential buyers. They will know it too, and they'll know it instantly and THEY WON't BUY OUR CONDOS for the prices we want. So we need to make sure it's all cool. Yes, we are acting in self-interest here, but that is not always a bad thing, because more often than not, in this business our interests and the interests of the market and neighborhood are one in the same. We need to deliver a product that is hot and that people want; if we can't sell our units it's very very costly to us and infuriates our lenders.

That is why Dranoff did a traffic study (among many others) and he knows what he's doing and he'll be fine and so will traffic. Don't sweat it anymore.

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"Life's tough, and it's a lot tougher if you're stupid." My Dad

That is an intelligent reply, thank you for being to forth right with your answer. Can the public see this traffic study? It may help with all the existing heavy traffic. But it is good to know that traffic won't be a problem once these condos are built and sold.

I'm pretty sure you'd have a tough time getting a hold of Dranoff's traffic study. We would certainly not release that stuff to "the public".

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"Life's tough, and it's a lot tougher if you're stupid." My Dad

I knew that already. Just wanted you to tell us that.

I also work with Brokers and Developers, and I can tell you they are the most up standing, honest, trusting people to deal with. I know we all will be in good hands.

I cant wait to move in :tomato:

Yes, Pug, I knew you were trying to be "clever'.

Point is, developers aren't going to release that information because that is not how business is done. It is not because we have something to hide.

We'll spend hundreds of thousands of dollars in preliminary due diligence before closing on a site. Even after that point we'll wear a tremendous amount of risk as we carry the job forward. From the time to close till the time the last units are sold and the bank and other investors are paid off is a period of at least 3 years on even the simplest of jobs. During that time, interest rates can change, buyer tastes can change, and an infinite number of untold obstacles from the zoning, construction to legal issues can set the project back and that time lost costs the developer dollars. Big dollars.

I can see my COO's face now if I were to walk into his office "Hey Boss, I'm just gonna have the intern make copies of these third party studies and offer them up to the public. You don't mind if I do that do you?"

"Why the F... would you do something like that?"

"Well, this guy on some blog named Pug thinks everybody has a right to know every aspect of our business because he's afraid of traffic".

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"Life's tough, and it's a lot tougher if you're stupid." My Dad

So let me get this straight. I won't be seeing those traffic studies?

I understand completely. As I stated I deal with Brokers and Developers I know the drills.

I thought clever developers use other people’s money and not their own.

Well, as far as the traffic at the Venice Lofts, I'm curious what that traffic report says. Yeah, I don't think the tenants will have a terribly difficult time getting onto Main Street and across the Green Lane Bridge. They're entering Main Street practically there. I'm curious if the study shows that there is already a huge bottleneck at the Main & Leverington light that backs traffic up on Leverington and Umbria. Dumping even more cars at that light might not effect the Lofts terribly, but I feel sorry for the people who live up the hill.

"I thought clever developers use other people’s money and not their own."

Again, proving my point that you guys don't quite understand the development process as much you like to believe you do.

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"Life's tough, and it's a lot tougher if you're stupid." My Dad