Quote:
Originally Posted by zilfondel
^ Those developers have a lot more at stake than just isolated projects. They've sunk money into the entire Pearl District, and there are probably legal agreements that prevent them from leaving a half-finished building. Don't forget, virtually the entire district has been developed by a single developer.
Anyone know the details about the agreements they have with the CoP?
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This building isn't done by that one single developer, though. I think this particular one has never built a condo building of this scale before (their last on was Thurman Street Lofts, I believe).
I do think that they won't leave half-finished buildings, though, at least in the core neighborhoods. The City of Portland would probably bail out the developer's bad financial judgement and figure out some way to get the buildings finished, even if they end up as controlled-income apartments...
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