12-16-2015, 04:06 PM
That rumour/idea has been circulating for awhile. When my wife and I took a tour and looked at a couple of the apartments there, I asked the sales agent that directly an he essentially evaded the the question. Building as a rental building allows them to avoid quite a few rules and restrictions that apply to condo development. I have been told that Auburn has deep pockets and can finance this without outside help. It's a good play on their part, but I would think that they would have to pull the trigger within a limited amount of time, before the building ages any significant amount.