View Single Post
  #42  
Old Posted Apr 23, 2007, 2:25 PM
sakyle04's Avatar
sakyle04 sakyle04 is offline
COGSADCAJA, VP and CGO
 
Join Date: Aug 2006
Location: Frozen Swamps of Ohio
Posts: 1,369
Quote:
For them to supposedly break ground in December and there not be any kind of activity at the site for 4 months, it sure seems like the groundbreaking was for appearances only. For all we know, they may still be trying to reach 60% (going on one year since they started selling the units).

We were in town this past weekend and the Broadway is all boarded up in a way that seems like they are trying to hide THEIR lack of activity.
I agree with this theory...

If the place was sold out (or even sold to a level that was profitable for the developer) that tower would rise so fast our necks would snap.

Quote:
I believe they've already sold the 60% percent.
And they may have sold 60%, but it may be that the number of profitability is 75% and that's the number that they're really waiting on before they sink 10s of millions into a building.
__________________
PAVE PARADISE, PUT UP A (HIGH-RISE ON A) PARKING LOT...
Kyle on Twitter
Reply With Quote