Quote:
Originally Posted by Atlanta3000
I am bit confused as to what I said to make you think I was being "overly sensitive"?
With that being said, I have a question about your comment: "c) a good portion of these projects are going to be pushed until the next cycle." To my knowledge, the majority of announced projects seem to be moving forward except the supertall developments and nothing has formally been canceled or delayed.
I am curious what projects you think will not happen this cycle?
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I'm sorry, maybe I was the one being overly sensitive? It just felt like you took my comment as a slight as opposed to just me offering my knowledge to fellow enthusiasts (even if this knowledge is somewhat limited
).
Here is what I know: a handful of jobs I'm familiar with have had trouble with financing, specifically with the amount of offers and the quality of terms. I don't know which projects have financing secured, so I couldn't give you a list. It is just in my opinion, based on my experiences, that a notable portion of these recent announcements, who naturally are in the earlier stages of development, are going to have difficulty securing financing (or financing that makes the economics of the project work). This isn't to say there isn't equity, I'm specifically talking about debt.
So I don't have anything specifically to tell you. I just think announcements in the coming months, specifically in Midtown & Buckhead, are going to be limited and I wouldn't be surprised to see many of these recent announcements, and some of the larger more grandiose developments, slide until next cycle. I don't think they'll be canceled all together. They'll just sort of... not happen.
We'll see though, what has already happened has been great, and when the projects completed in the construction pipeline are done it'll really transform large portions of the city. I'll be excited to see what comes in the condo and office pipeline.