It’s hard to believe how much has not changed at the former
Towers site… it's been six years today since the job was halted.
Even if it had been built, with the regions record home foreclosure
rate over the last 4 years, today I imagine it would sit more than
half empty like the L Street Lofts which only sold 22 of the 92-units.
My contact at CalPERS says there are no plans to develop the
site in the near future.
Just think, if 17 more condominiums would have sold to reach the bank
requirement of 400 units, money from CalPERS and Deutsche Bank
would have continued to invest in the project.
