Quote:
Originally Posted by wwmiv
I'm skeptical given that plans keep getting grander, not that they are getting grander. The fact that they are getting grander (whether this latest info is true is irrelevant to this statement) seems to me to be based less on market fundamentals, which keep delivering to us projects smaller than this (especially the office projects that have actually gotten bigger with time), but rather on a lack of knowledge by the developer on how to lure financing.
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I was told that they're working with Sutton Company, but that the "main guys" were from a much, much, much larger company out of NYC. So the project was planned to be closer to an NYC-scale type project, and less of a Central Texas-scale type project. This was pretty vague information, so like me, I would take it with a small grain of salt. But he didn't seem worried at all about the financing.