All of the angst over East Side "gentrification" assumes that these speculative projects will become successful. The reality is that businesses fail and the best laid plans of mice and men often go awry.
And so . . . All of the hype, debate and hand-wringing over this project is presumptuous at this point given an inability to capitalize on this part of town over the past half century despite an EPIC amount of public subsidy.
No turning back now, Ilan Salzberg said. "This is real," the Wonder lofts developer laughed, gesturing at the freshly installed kitchen cabinetry and hardware in a model apartment unit at 30th Street and Troost Avenue.