Quote:
Originally Posted by peanut gallery
That last bolded paragraph is intriguing. With current inventory selling well and very little new inventory coming online next year, I would think developers of projects like The Californian, 45 Lansing and ORH (phase II) would be motivated to get moving. I also hope it means that Tishman will move rather quickly on Infinity's sister development next door (once they have finished up Infinity of course). I'd love to see that parking lot bite the dust.
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Yeah, but unfortunately, all the motivation in the world is not going to get around the fact that banks are super shy about real estate lending and probably will be for 2 years or more. And, yes, any forward thinking person would agree with you that demand will likely outstrip supply with the impending lull in high rise condo buildings over the next couple years. But, generally bankers are far too nearsighted for visionary plans.
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