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Originally Posted by PHXFlyer11
Yea I was operating under the assumption that the company would not get any recurring revenue for residential, condos or apartments. They are not a management company and most of the apartment developments are quickly sold. So I'm looking at this for one time profit to fund later portions of the project. If they still wish to pursue retail this buys them and also would allow them to build a more realistic retail model with ground floor retail in new residential towers they can lease vs the current standalone mall model.
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All they need to do is hire a GC and a property manager and revenue will come. They could also lease the land to a developer. Lots of ways to skin it so they get residual income for a long time.