Quote:
Originally Posted by ILUVSAT
*If they plan on breaking ground in 1Q2016, don't you think they would have someone lined up and marketing the for sale condo portion of this development. Unless they completely drop that portion of the project (or revert the for-sale units to rental), I would expect a financial backer would want to see a substantial amount of presales. Kind of hard to do that without marketing them.
Look at 70 Rainey, Austin Proper, The Independent, etc...they all will be breaking ground (supposedly) in the coming three-to-four months. And all of these developments have already started taking reservations.
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You would think so, except delivery still wouldn't be until 2019 because of the scope of the project, so maybe they would really start marketing it two years out. I agree that a financial backer would like to see the presales, and correct if I'm wrong, but I think 5th and West broke ground before they really had their marketing all lined up.