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Old Posted Sep 19, 2010, 4:39 AM
denizen467 denizen467 is offline
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Join Date: Feb 2006
Location: Chicago
Posts: 3,212
I'm not entirely sure that inability to get loan documents in order explains construction stuttering two days on and two days off etc. -- it would more explain a situation of prolonged periods of delay and interruption. Teng's inexperience managing complex developments and all the trades involved would definitely explain the slow going though. But anyway Teng clearly attempted something only a limited number of developers would have been able to pull off in the first place, especially with the condo-hotel concept.

Now the (web) site looks as bad as the (construction) site -- it's "under construction" and very out of date (waterviewtower.com). Sigh.

So is the Teng name (whether as a standalone or as an operating unit) going to continue to exist ?