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Originally Posted by TJPHXskyscraperfan
Seems like development has slowed down a lot or at least these proposals are not getting off the ground. I think about the one on Central north of the canal. The other one next to Central high school. The big lot across from there. I also thought there was a new proposal on McDowell where that old car wash was and also the empty lot North of Portland Broadstone. Anyone have any word on these empty lots?
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High interest rates are hurting the multi-family developers right now. Lenders are increasingly sitting on the sidelines. I hear some optimism that this will pass once the Fed reduces rates, but OPM is tight right now.