It can when approvals are still needed and if the developer has yet to close on the property. It took a bit more than a year for 1112 Carroll to start after approval. 18 months ins't unheard of.
Land Sale Finalized For 1234 W Randolph Street In Fulton Market
Rendering of 1234 W Randolph Street by SCB
BY: IAN ACHONG 7:45 AM ON AUGUST 17, 2023
The sale of the land for the mixed-use development at 1234 W Randolph Street in Fulton Market has now been finalized. Located on the intersection with N Elizabeth Street and replacing a couple of commercial structures, the development can now proceed after originally being proposed as a hotel multiple years ago. Developers Azur Holdings and Golub & Company are behind the project with architecture firm SCB working on its design.
Quote:
...the $160 million project is cleared to move forward with a groundbreaking. While no formal date has been announced, if financing is secure then the developer is aiming for a mid to late-2024 start date as of earlier this year.