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!
![Big grin](images/smilies/biggrin.gif)
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.