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Old Posted Dec 12, 2007, 4:15 PM
CondoGuru CondoGuru is offline
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Join Date: Mar 2006
Posts: 302
The latest I've heard is that its moving forward. I will not speculate as to what that means or if it's true until we see concrete rising out of the ground. But it was confirmed that Intercontinental has committed and that the condos will be Intercontinental Residences. The sales and marketing will also be handled by Intercontinental, NOT Metro. This is a huge sign of how serious they are because that group is very well-seasoned and not cheap to work with. If Grasso is using them, they are serious about the success of the project, and not cutting corners by using a local broker not equipped to marketing and selling something this huge. I didn't get any pricing information as I've been told that they're still working on the unit mix for the residences. But the hotel committment definitely accounts for at least two-thirds of the total square footage and is enough to get this off the ground.