Quote:
Originally Posted by 1487
Im thinking that the project is going forward if the building is being demolished. I dont see them taking on that expense if they werent sure construction of the new building was imminent.
|
That depends on whether the developer owns the property and tore the buildings down, or if the original owner still owns the land. Sometimes the seller will tear down buildings in anticipation of a tentative buyer, the buyer can back out, or the buyer will give up on the project and turn it into parking hoping another, wealthier buyer comes along. It's how we end up with so many dang parking lots.