Posted Sep 27, 2007, 4:29 PM
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Plenary pleasures.
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Join Date: Oct 2004
Location: Monterey CA
Posts: 4,215
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Quote:
Originally Posted by 10023
I'd hate to burst anyone's bubble, but...
1. This proposal is only good news if it doesn't interfere with Spire sales. Everyone is excited about getting both, but if they're competing for a limited pool of buyers, we could end up with neither.
2. Mandarin Oriental, which is just as prestigious of a hotel brand, can't seem to get off the ground with their tower. Why should this?
Really guys, I wish this hadn't been announced until the Spire was fully financed. It just creates more overhang in the market, and potentially pulls people away from lower-floor units in the Spire (which need to be sold) to higher-floor units in this tower.
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Let me guess, you're from New York?
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