Quote:
Originally Posted by AusTxDevelopment
That is prime land and the project - in whatever form it takes - will never be dead. Now whether Sutton will actually build their vision is very questionable. But they can entitle then flip that land for an astronomical price, provided Brexit, China's teetering debt and the questionable presidential choices here at home don't conflate to send us into a global recession in the near future.
Even if we enter a recession, the land will only gain value over time. Once financing is easier to get someone will come along and snap it up. I hope whomever builds it, whether its Sutton or someone else, keeps the density and height.
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At the price they paid for the Villas, it will have to have significant height and density. If I'm not mistaken, the price per sf for land is about twice the previous record for downtown land.
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