Quote:
Originally Posted by Saul Goode
I believe Manga announced a few months back (though I don't recall exactly where) that the first tower would be 33 storeys and the other two would be 40.
Personally, given the state of the market, I'll be surprised if the second and third towers are begun anytime soon - potentially not for several years, if ever. Ditto for Little Brooklyn. They just got to the market too late.
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Has the market improved that much though? Aren't vacancy rates still quite low and monthly rents quite high? It would seem that there is still a lot of money to be made by landlords, and that this will be the case for quite some time.
That said, I'm not in the industry, so this if from a layman's perspective.
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