[Jjs5056]

Originally Posted by nickw252

I did some historical research- 44 Monroe was 43% leased after 4 months, 56% after 6 months:

http://www.downtownphoenix.com/blog/...ning-exposure/

http://forum.skyscraperpage.com/show...=98405&page=59

50% after 5 months sounds about right.

I'm sure CityScape would've loved to have had the additional marketing of sitting completely finished with signs advertising high condo prices within view of USAC and Chase for 2 years prior to switching to a rental model with more modest pricing.

44 Monroe was completed ~1/1/2009; began renting ~3/1/2011.

CityScape is definitely outpacing 44 Monroe when you try to get their very different situations equalized; not arguing, just want to make sure the strong residential market/demand downtown is given due credit.

Hopefully, the Barrister project helps justify CityScape's luxury branding a little more. I'd still take a 44M unit at the moment given the respective areas.