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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.
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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.
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I believe they've already sold the 60% percent.
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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.