Apparently our rental market is still on fire. We will definitely see a slow down in
condo projects, but it looks like the rental projects (Union Square II, East Village Tower, West Village, etc.) are all full steam ahead!
Not to mention that before the downturn, a bunch of condo projects had already reached the critical point in sales at which construction is feasible (Waterfront Parkside, Verve, Smith, etc.), so we might actually not notice much of a slow down before the economy swings back into overdrive.
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