Quote:
Originally Posted by kryptos
ya but you know what, ill bet that some of the same people who signed up for the towers signed up for aura as well...i mean its just a refundable deposit so its not like its a loss...can you imagine if only 1/3 of those who signed up put down the non refundable deposit? would it even get built at that point?
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Well it's a given that Aura, probably won the horse race, being first out of the block (converting non refundables). Like I said, at this early stage, I wouldn't be that concerned over 301 CM. Saca still has plenty of time and plenty of pre-qualified buyers (5,000 on last count). It doesn't sound as if people have requested their refundable deposits back, (which would really signal the project is in trouble). Instead they simply haven't scheduled an appointment to convert to a non refundable deposit; or maybe the sales staff have appointments scheduled (that we wont know about).
Worst case senario; it may not get built as twin 54 story towers. In the end, there will be a high profile project there that will contribute to the skyline and the vibrancy downtown. But my gut feeling is that everything will be fine with this current proposal.
We will know by the end of June.