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Originally Posted by PhillyPDX
Didn't this move quickly from being announced and into permitting stages? Was permitting really part of this delay? Must have been a really tight window they needed to secure financing.
This being said, current interest rate environment will likely kill developments nationwide. So that part make sense.
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Yeah, interest rates right now are killing or putting a pause of projects all over the place. We have one project that we are going to phase an existing building remodel now, and then delay a second building ground up construction at the same site over a couple year span until interest rates come back down, rather than have it all done at once.