Quote:
Originally Posted by trueviking
$100 million for 300 units seems pretty high.
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Especially for rentals, but we'll see I guess. It doesn't look like this firm has done anything close to being on this scale before. Hopefully the financing tied to syndicated mortgages.
There's an active manufacturing operation in that building right now in October of 2019. They expect to relocate the operation, get permits, demolish the building, build the new building, and have occupancy in 18 months? Tip of the hat to these ambitious gentlemen.