Quote:
Originally Posted by hamilton23
They don't really have a cash cow. They let the building rot for the years that they've owned it...Same can be said for whoever owned it before them. It's a prime area, but a developer is going to look at the current status of the building before they make an offer. If the building is in shambles (which is very likely), a builder isn't going to shell out a massive amount for that building, knowing they have to do extensive renovations.
It's great that they are doing exterior improvements, but I'm not convinced those exterior improvements will be that impressive...given the track record of the owners.
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Well hopefully someone with enough money and enough heart offers to buy these places then.. they really do deserve better.
At least the interior was semi-renovated last time.