Quote:
Originally Posted by the urban politician
Quick question:
Why is construction about to start so quickly on a condo tower? Don't they usually need a certain amount of presales before financing?
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They only have permits to work on the foundation up to the 3rd floor - or what I assume is upper Harbor Drive - the common components of both buildings. . .
They could continue to build the Cascade building while pre-leasing continues at Cirrus. . . I'd be surprised if they built both towers at the same time, but it's not impossible. . .
How or when they're financing it is a question I can't answer. . .
. . .