Quote:
Originally Posted by Atlanta3000
Also the Proton Therapy Center.
With that said, the developer could provide enough Equity funding w/o pre-sales to meet a Lender's debt funding requirements.
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Which violates the developers #1 rule-- use other peoples money.
In any case-- I have been in Atlanta a long time and the only time buildings have been stopped once construction began were during the 2007-2009 recession (a depression in the building industry). The Proton center was also a special case since the whole deal fell into question after the operator's bankruptcy.
I'm really not sure about Opus-- they seem to be pushing dirt around-- when they actually start foundations (an expensive proposition for a 50 story building) and go vertical for at least the first floor, I'll believe it.