Posted Jun 22, 2018, 3:56 PM
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Registered User
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Join Date: Dec 2007
Location: JERSEY
Posts: 1,494
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Quote:
Originally Posted by chris08876
I wonder whats going to happen if lets say he passes away before any major deal occurs. They should sell the site, and relinquish control over the site. Give it to a different developer. I think thats what will happen eventually.
There is demand for office city wide too but for a site like this to be on-hold for so long, tells you something about the location, and the rates their asking. Its not like there isn't office construction and deals NOT being signed within the city, but quite the opposite. There is a toxic aroma regarding this tower, and the limiting reagent are the negotiations.
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Even if he does pass away, Silverstein Properties would still be in existence. Not sure why you think it would just be up for grabs.
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