Quote:
Originally Posted by LoneStarMike
The other project was downsized because Sutton sold the land to another developer called The Dinerstein Companies.
If you look at Dinerstein's website they build apartments & student housing - none of which are tall - or even mid-rise.
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Yes, I know, but this doesn't undercut my point at all. You're misplacing causal direction here.
You're positing that "selling" ---> "downsize", but the reality is more likely that "downsize" ---> "selling". The first would hurt me, but the latter actually is entirely consistent with the idea that the project was downsized because they had better opportunities elsewhere and, thus, sold part of their land.
Unless what you're telling me is that an entirely new developer (if they sold the entire tracts of land instead of just what I took this to mean as partial selling) is now doing this project, in which case I'd only be partially right (they sold the land entirely because they had a better opportunity nearby, but the downsizing was caused by the selling to another developer... which would actually make us both right I guess).