As the rules of logic and rational thinking no longer apply to development within the city of Amsterdam, I offer the following as evidence of what happens when you just move a few thousand feet beyond the city boundary (from the Leader Herald here):

A local developer is proposing to build an upscale apartment complex and a strip mall on Wallins Corners Road.
[snip]
Giardino said he wants to build a gated community with an apartment complex, a walking track and a clubhouse.

Imagine that: upscale apartments as a viable concept everywhere but within the city. Of course there is no way upscale lofts on with a river view could ever, ever compete with upscale apartments amongst a retailized and suburbanized cluster. That would be unthinkable.

Something must be in the water– it’s the only explanation.