Quote:
Originally Posted by skellergroup
Does anybody think this building will not happen?
If groundbreaking is in Nov. should there be more activity/news at this point?
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I'm not saying it's impossible, but no, I don't think this building will break ground in November. They can't break ground without construction financing, and they can't possibly have their financing without starting pre-sales...to my knowledge, none of these things has occurred. I could be wrong unless, however, they have a very large hotel contract already signed, allocating at least 50% of the buildable square footage to commercial/hotel/retail committments. But I don't think any of that has happened either; otherwise, someone here would have heard or read about it in the press. I have a lot of construction contacts and I can say I've heard nothing about this building moving forward. A shame really.