The Debt Wall & The Doom Loop

[Jolly]

Downtown...

https://www.msn.com/en-us/money/realestate/the-ticking-time-bomb-in-america-s-downtowns/ar-AA1bIvax

[Aqua Letifer]

Convert to residential and quitcherbitchin', guys.

[Mik]

That's exactly what's happening in Cincinnati. Even the venerable Carew Tower is being converted to residential. I remember my dad's office there when I was a kid, looking down on the Central Trust tower.

The Carew is the tall Art Deco building, the Central Trust the pyramid top.

The Carew houses the former Netherlands Plaza hotel, which is about the finest Art Deco interior I've ever seen. Pictures really don't do it justice.

[Jon]

It would do wonders for rents if we converted 20-30% of office space to residential in the largest 50 or so metro areas.

[Jolly]

Gotta have businesses to service the tenants. Restaurants, grocers, pharmacies, coffee shops, etc.

Can those guys handle the rent?