This project is more in line with the new economic reality: jobs are scarce, jobs are short-lived, and jobs are mobile. Renting makes more sense than buying a condo that you can't sell. Although the rents at Studio One are still high, I think the concept of renting instead of owning is what has made Studio One a success, in addition to the ground floor retail. I think any mixed-use development in Midtown is looking at Studio One as the model for how to get people to move into the area. Now, if we could get a couple of Studio One type developments along Woodward south of Charlotte, instead of parking lots, then that would be a coup.
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