All posts tagged 123 West Franklin


How often do we hear the community — the people who live here or have businesses here or otherwise spend money here — tout the virtues of walkability? Some of us on council are pushing for creating a more walkable town by advocating for shorter block size (300 feet, tops) for new developments, more sidewalks […]

Small town, big money

The Age of Private Equity Transactions has arrived in Chapel Hill. Private equity transactions are nothing new; they got a lot of press coverage during the 2012 presidential race because Mitt Romney’s Bain Capital specialized in them and made Romney rich. This is the concept: Buy an asset with borrowed money; resell it at a […]

Whose fair share?

Turns out 123 West Franklin’s parking spaces and grassy courtyard weren’t for the public after all. In trying to defend its miserly contribution to affordable housing in the face of several council members’ criticism, developer Cousins Properties pointed to the courtyard green space and the pool of 150 to 200 metered spaces in its parking […]

Too big to donate?

Shortbread Lofts got off easy when it came to making a contribution toward affordable housing. Should that set precedent for downtown redevelopment projects going forward? Cousins Properties apparently thinks so. Cousins makes a return visit to council tonight for a zoning change and special use permit to tear down the existing University Square buildings at […]