Quote:
Originally Posted by Mr.RE
It's probably just $$$. A developer new to phoenix probably doesn't want to invest too much upfront for a future phase. My guess is the 2nd phase starts when (and if) the first phase starts showing some success in the co-living concept. Or its just subject to financing.
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And if it doesn't (although unlikely), we're stuck with a 20 story building with a 50'+ setback. That would be no better of a setup than the original 200 Monroe plan which was what everyone pretty much had a beef with.
But chances are, both phases get built as strong as growth is in downtown right now. I'm just throwing out conjecture.
