Quote:
Originally Posted by Zapatan
According to Wikipedia it has 393 total, is it normal to sell more than half in a buildings first few years of existence?
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I would think a more important question would be the mix of units sold. It's all about dollar sales, not not number of units, you can't pay your debts in number of units sold. St. Regis still has a pretty substantial number of unsold full floor units, so those weigh significantly more heavily than a 1BR on the 15th floor. If the competition is looking at the fact that those large, expensive units aren't selling, they may as well build another 400' building full of inexpensive 1-2BRs, or if the land was particularly prominent/expensive, it makes sense to wait until they believe larger, higher units will sell quick and at a premium.