Quote:
Originally Posted by maccoinnich
I have no idea. Looking at their foundation permit they submitted corrections to the city on 03/17/2015. The most recent activity is the Life Safety review being approved on 04/28/2015. I'd be pretty amazed if a project this far along was cancelled, especially in an economy as strong as right now. They went through a Type III Design Review and have submitted construction documents to the City for plan review. That's a lot of money spent by the owner.
|
Just speaking generally, but as a contractor (up north) I wish it was list that! Projects routinely get to the brink of breaking ground, and then get delayed or cancelled. (True cancellations don't really happen if the same people still control the land, because conditions can change, but often they've based the entire project on land not owned but under contract, and if they let the contract expire that can be considered cancellation, though even then the plans and permits can be a high-value commodity).
When a project is a few days from drill rigs, they're still in the middle of design detailing, the price is still a bit fluid, the financial partners haven't made their final "go" decisions, interest rates probably aren't tied down, and the developer might be searching their soul over how the market is trending.