Mr. Lee is a great guy and a visionary. However, he is smart and calculated. Having said that, he will reassess the housing situation in 2016 and if it is a bit too risky with all the product in the current pipeline, he will wait until 2017, 2018 or later to develop this project (if at all).
Also, don't get your immediate hopes up regarding the possible Lambie St. project. I believe this is another attempt to maximize entitlements to the site and then sell it to someone as a future development opportunity. Larry Nelson tried this back in 2008.
BTW, it's "Lambie Street." Lambie Cove does not exist.
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AUSTIN (City): 974,447 +1.30% - '20-'22 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,472,909 +2.69% - '20-'22 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
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