Quote:
Originally Posted by Swinefeld
Starting at $369,000. There's no mention of how high the prices go. That $369,000 price might be for a one bedroom on a low floor overlooking a parking lot. All the rest of the units are probably much higher.
|
I went in there this weekend and the saleswoman stated clearly and openly that they have to sell at least 30% of the units before they can get financing and start construction. She said they have 4 reservations after two weeks of previews and their official opening of sales will start October 15th. If you believe that they can sell 90 units between now and some speculative November groundbreaking, then believing in Santa Claus isn't such a leap. When I bought my unit at American Loft, the sales center was full and they did like 12 reservations in one day! I just don't see the momentum and excitement behind this that's necessary for them to hit that financing target.