Let's say that CDM purchased an office building in downtown Dallas.
The 15- story building, built in 1958, will be completely renovated.
The plan is to develop 12 of the floors as very high quality, affordable apartments or condo/lofts.
Over 100 units will be studio efficiency apartments. There will also be larger studio apartments, as well as more traditional, larger, multi-room apartments and/or condo/lofts. The size of the units could range from under 400 square feet to over 1,500 square feet.
The smaller studio apartments, and possibly the larger studios, would be within the reach of people who are very poor, including many who will spend the night on the street this evening.
Every unit will be very nice.
All will be below the downtown market rates.
In addition to the 12 floors of residential development, there will be a wonderful lobby area, including several shops where people can meet for coffee or meals and take care of routine living matters.
There is also an auditorium area that could be developed as a performance and meeting hall.
Two of the floors will be leased by CDM for headquarters, LAW Center, workforce training and Community Development Corporation offices. Twenty-plus members of our staff will work in the building at least 5 days a week.
Security, including a doorman, will be provided 24-7.
There is plenty of parking at and near the building.
The building is located in a good part of downtown, near several landmark buildings on the Dallas skyline and very near our famous and most unusual Fountain Place building (the one in the photo above with all of the surprising angles).
Here is your question:
Would you consider living in such a place?
I look forward to your feedback, as well as any questions you might like to ask.
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Rising from Ashes
Larry James' Urban Daily
A repository of ideas, resources, commentary and opinions concerning the issues facing low-income residents of the inner cities of the United States and how mainstream America largely forgets or, worse, ignores the day-to-day realities of urban life for the so-called "poor." Written and edited by the President & CEO of CitySquare. Please visit CitySquare.
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