Posted Nov 13, 2025, 9:53 PM
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Registered User
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Join Date: Jun 2017
Posts: 4,799
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Quote:
Originally Posted by Changing City
Assuming Geller's information is correct, it supports the comments here that not all the projects will go ahead anytime soon. The three owners have spent quite a bit establishing the potential for a future rental tower, but raising the development funds to do it themselves, or finding a developer willing to buy them out, was always risky. Especially so now, as population growth is slowing in the region, and rents have fallen every month - "the 13th consecutive month of yearly rent declines" according to Zumper's survey.
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And "dead on arrival" is a very extreme way to phrase "not yet" and we'll get our site locked in and wait. Then again it's Geller
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