Quote:
Originally Posted by wchicity
I could be wrong, but I'm pretty sure the second tower won't start construction at least until the first is finished. I think it also depends on how leasing goes in the first tower.
|
This is my understanding as well.
I would think that OGP and Essex would suck up a lot of the rental demand in the immediate area once they come online and start leasing, so it wouldn't be an immediate start for the 2nd tower.
Another factor is that the economy might start to slow down or cycle to recession in the next 12 to 24 months as well, so its fairly likely 2GP might not break ground this real estate cycle.