Quote:
Originally Posted by Atlanta3000
Slow your roll atlantaguy - this is a forum not a personal attack.
Correct me if I am wrong, but The Related Group is 2-4. Two dead proposals in Atlanta (CityPlace and Lenox Mall Tower) and Two projects in the Pipeline (22 Fourteenth Street and Buckhead) of which neither of those will break ground before 2016 at the earliest.
See my post above validating my reason to question The Related Group's lack of progress compared to their peers.
|
I think it is just the nature of the real estate biz. Developers often make proposals that don't get out of the ground for many years, if ever.
Perhaps part of it is the "first to announce" strategy -- if Company A, Company B and Company C all announce they will be bringing projects to market in 2017, the competition may be deterred by what looks like a glut.
And of course market conditions and the availability of capital change, too. It's my understanding that financing for condo towers pretty much vaporized in the great recession of 2008-2013.
Threaded Mode