[chris08876]

It's going through the regular process of design, permits, approval stage (various steps), studies if applicable (environmental, zoning, etc.) and financial planning. It will rise, just have to be patient thats all. Remember that it takes a while for the soft cost stage. Even in places like NY that seem like they start instantly, its actually years for a lot of them in terms of the process of getting to construction. Sometimes we just don't hear about it right away, but any time we hear about a revealing of some design, there's often months if not years behind the planning. A lot of parcels that were bought in 2014/2015, are now starting to see the beginning of construction.