Quote:
Originally Posted by T-Mac
Yes, work has begun again on Broadway Park Lofts. I did not catch a photo but they are building again. Hopefully it continues through completion.
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According to an e-mail from our good buddy Silus Grok this morning...
Re: broadway park lofts
About eight weeks ago, work on the lofts came to an abrupt halt as the financing bank (along with banks across the country, in the shadow of the mortgage meltdown) initiated a review of its builder loans. At this time, the incremental checks for the project were suspended while the project's books were examined. It took about 3 weeks to complete the review, and the project passed. Once the money flow restarted, it took about two weeks for the contractors to return to the site (they had landed work elsewhere, I imagine). It's now been a little over three weeks, and the project has been full-speed-ahead ever since the resumption of work.
The elevator shaft has been completed and topped and all but the last few rows of cinder block have been laid on the back building. I'm expecting the back building to be topped this week. The roughing-out of the interior spaces has also begun, and yesterday the masons started moving scaffolding in preparation for installing the exterior stair ways.
My understanding is that the only thing that is standing in the way of the project, now, is the city's delay in completing the permitting process for the front two buildings.
Photo updates should be coming soon.