Quote:
Originally Posted by TempleGuy1000
There are quite a few apartments coming onto the market in a pretty small area.
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Yes, but the East Market project recently accelerated their development timetable, adding the second tower immediately (with a lot of additional apartments) in what must be an inferior location to 19th and Chestnut. Does the market change that quickly? Do builders made decisions with multiple-year building timeframes and long-term consequences on the basis of such short-term data? It seems strange to me…but I am not a builder, nor in the Real Estate business.