Quote:
Originally Posted by Zapatan
Most of us probably assumed it was just site maintenance.
It says it's still technically on hold until September, which doesn't mean it's cancelled. The cancelation of cash flow from Goldman is much more worrying though... i.e. probably means at the end of the day it will be.
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I can't see this rising this fall. I'd say early to mid next year at best. The uncertainty is very high at the moment. This may go the way of 45 Broad. On hold until the situation domestically or even globally clears up.
The crappy part is if there are no reserves on the units or if deposits were given back. Presales can do wonders if you can fill a tower 1/3 or 1/2 prior to it even being u/c. That's the biggest blunder I see, not so much the financing which looks like its a hold based on uncertainty via the lender.