Quote:
Originally Posted by The ATX
Four towers are planned as far as we know. Three have approval and the fourth one - Block 190 - is going through the approval process.
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They are wrapping up the entitlements to increase the value when they sell this. It is doubtful they can do anything with this property in the short term, and they need cash. There is significant money locked up in this property. If all four sites are fully entitled, the price goes up.
Personally I hope they sell this site sooner rather than later, to a competent developer, because that will accelerate the development of the site. If WeWork sits on it while they sort out their current mess, it could be years before anything happens with the site and we might be in a downturn by then.