Quote:
Originally Posted by Will O' Wisp
Or, you know, the minimum wage employee they've got answering the phones is only allowed to use that one soundbite. And she hung up after someone kept badgering her for answers she's not allowed to give, and probably doesn't even know herself.
This honestly doesn't tell us anything we didn't already know. MPG has said they're focusing on finishing the Navy building atm, and they haven't said when they're going to start on the rest. That could mean just about anything, including that construction is progressing normally and MPG sees no reason to give potential rivals any more info than they need to.
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You’re right, it could mean anything. But the fact they haven’t named a single tenant except the military doesn’t look good considering the timelines they presented. They said a lot of the construction was going to happen simultaneously and now they’ve changed course, so there has to be some reason for that. Projects announce timelines and tenants all the time, suggesting they are afraid of “rivals” and are secretly progressing normally but afraid to tell anyone they are on time seems extremely unlikely.
These are the timelines they presented when they broke ground:
Block 1A (Open space and waterfront plaza): 2022
Block 1B (Boutique Hotel, Office and Retail): 2021
Block 2A/B (Convention Hotel and Retail): 2021
Block 3A (Office and Retail): 2020
Block 3B (Navy General Administration Building): 2020
Block 4A/B (Office and Retail): 2021
There’s no way those can be met if they are just focusing on completing the Navy HQ for the foreseeable future.
If they had financing and tenants, I think they’d be moving forward with these other things now.