[chris08876]

Could also be factoring in competition up North in Midtown and Midtown West. IDK what these units or the projected cost is but if its competing with the likes of say the 57th Street towers, could be market risk given the location. I'd probally look to towers not starting up earlier like 80 South (aside from the shenanigan's with Oceanwide, but the general trend of towers not starting up South of Canal St relative to everything North of the Thirty Streets). In terms of construction commencing due to timetables that correspond to the market risk (optimism in the ones that start up with respect to your typical Ultra-luxury niche market).