Quote:
Originally Posted by pegcityboy
I still find it hard to believe with their extensive portfolio that a $180 million apartment tower with upfront costs is even close to making them jump ship . Artis has lots of holdings so maybe they have calculated the capital costs off abit, but really are they out of money ?
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Just to clarify so the speculation can continue - the budget is around $140 million for the tower. (***I edited this - previously stated $60 million)
My feeling is that it is just tough sledding for an inexperienced builder of a project of this scale.