Quote:
Originally Posted by jollyburger
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So does anyone have any idea if their presales were good enough to allow them to do both towers at once versus building them separately in a phased construction?
Other projects and developers in the area seem to be reporting relatively healthy, if not strong presales for their pending projects (specifically Anthem with both Citizen and Ethos), despite the interest rate situation.
I would imagine for a developer it might make some sense to bite the bullet and proceed with a project now - if presales are strong enought o justify it - even with the current inflation situation, and high interest rate and borrowing market and all, .......as opposed to waiting a year or a couple of years for the interest rate levels to cool down, only to have construction and labor costs (...and all corresponding taxes) having risen in that time.
But I'm not really sure how they work out their cost-benefit analysis
for a stituation such as the one we are in today.