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Originally Posted by 1487
the slow down refers to apt projects, not condo projects. There are very few condo projects underway or planned. You have 500 Walnut and One Riverside under construction and that's about it.
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Yes, this doesn't refer to it directly. It's not clear to me what the market is for luxury or sub-luxury condos. If SLS and 1911 Walnut get off the ground, that's a substantial increase in luxury market (generally older and often empty nesters returning to the city. That said, it seems healthy and existing projects have fared well. The Millennial home ownership market is largely focused on townshouses and/or projects outside Center City such as Fishtown, NoLibs, etc...