Quote:
Originally Posted by texboy
This would beg the question though Kornbread, what if the developers were holding back on telling us their numbers in order to get a jump on the market with their second project. What you are doing right now is purely speculating. We have heard no solid numbers from ANY of the projects going on right now in downtown. Please do not assume that just bc Vidorra II has not begun construction, that sales figures are low for this project. Just because tower two hasn't started yet, doesn't mean it won't ever. There are alot of logistical things to get through before beginning construction on a structure. For all we know they could be still in the planning stages of tower two at this point. Alot of times developers won't begin a second project (ie Koontz McCombs) until their first project is done.
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I'm not sure I understand your point. It sounds like you're speculating
that sales could be going so well that Presidian doesn't want to make any announcements because of fear that others wanting to jump into the condo market will do so, taking away prospective customers. To me you get a jump on the market with inventory.
I think Presidian did their homework and that there were good reasons for deciding to start with one tower at 20 stories. Phase 2 could be in the re-planning stages. It could be planning it's way into townhomes (they seemed popular) or to the shelve. That's why projects are split into phases. Because someone isn't convinced that the need is there.
I just think with the typical building cycles that San Antonio seems to go through it won't happen soon and I see more promise in other areas for future talls.