Quote:
Originally Posted by spyguy
- No confirmed (or even publicly rumored) leases for the office space
- No official word on the hotel
- No mention of financing in place
Not that it can't, but why do we expect this one to start soon?
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Yeah, I for sure wasn't in that general camp.
I thought there was a possibility they might somehow get lucky and beat established heavyweights like John Buck and Tishman Speyer, but for sure an outside chance.
I mean, this is the developer - Third Millennium Group (see link below).....unless they have a large experienced partner on this project, what am I missing as far as anything in their track record (they're not even an experienced developer at all as near as I can tell - just an investor in existing large scale commercial property) - that might suggest a likelihood of pulling off something as ambitious as 590 West Madison in the near-term?
http://www.3rdmg.com/properties.html