02-03-2023, 02:34 AM
(02-02-2023, 08:58 PM)panamaniac Wrote: Any info on how sales are going? I struggle to understand how it can be a viable project.
Generally a building has to be at least 80-90% pre-sold to begin construction. I believe they got it sold before interest rates really started rising. I heard a number of purchasers were trying to back out, but legally they were committed (and assignment sale would be at a loss).