Quote:
Originally Posted by bryantm3
Honestly surprised this is happening with the way the economy looks right now.
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In the last US Recession ( Dec 2007- June2009), Atlanta launched and/or completed several towers (completion yr listed below)
Sovereign 665ft 2008
The Mansion 580ft 2008
The Atlantic 577ft 2009
1075 Peachtree 488ft 2009
3630 Peachtree 469ft 2009
Lowes Midtown 462ft 2010
4more above 400 ft and 6more above 300ft
Most of these project had significant traction before that recession. Rates remained favorable.
Even 12 Centennial (491ft 2007) and Terminus (485ft 2007) were completed during a time where we had remarkable headwinds toward a recession.
The data indicates that NYC, Chicago, Miami, Atlanta and Las Vegas did extremely well (in terms of highrise/skyscraper dev) during the 2007-2009 recession.
All US cities showed a marked decrease in high-rise /skyscraper developments from 2010-2012(post-recession).