Quote:
Originally Posted by Munchitup
Here's a question I have been wondering as you guys go back and forth about these boxes -
What happens if the planning commission puts a firm foot down and requires more expensive steel frame construction / greater design standards and developers just say, "Eh... never mind we'll go build elsewhere in the city".
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It comes down to what the economy will bear....meaning the amt of demand for new apts & condos in dt.
the most recent example of a high rise....& a rather expensive one for residential use....being completed & open for business in dt was the Apex...formerly concerto. The owner started leasing a bit less than a yr ago. I bet if they had fully booked up almost overnight....instead of today still sitting with about 20% of their apts unleased....other devlprs would have noticed....& swooned....& gotten excited by what they could do in their part of dt.
btw, I still see ads...here at ssp.com....for totally new condos in the Evo condo bldg....& how long ago was it when that bldg was completed & open for sales?
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