Today I offer you this Ode to Slow Learning.
Or, from another metaphorical perspective, to a hammer, everything looks like a nail. To an investor, every square inch of urban property looks like a money-maker, no matter how unconventional it may be.
I did not notice until this past week the prevalence of scraped slabs in the urban cores of Texas cities. The first wave of development a hundred-ish years ago resulted in small, inefficient buildings. Most of those were later razed to make way for more intensive development. But if the original tracts were small and unable to be incorporated into larger projects (e.g., if adjacent landowners would not sell), they basically get scraped, patched, and put into service as portions of pay parking lots.
Case in point. If you have to park in a dense urban core, there's a lot that can be said for these things, as long as you are careful not to launch yourself off the edge of them: