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Originally Posted by Donnie77
Numbers just don't add up imo..
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Yeah, I agree. And financing in stages.... has this happened with a major project in recent times? I honestly don't recall something like that happening with any of the buildings now under construction. It points to the fact that they can't land financing for the entirety of the project.
I know there's a lot of people on this forum who keep saying this is a great project, and will have great views, and so on and so forth. But a lot of you are looking at this building in isolation, and not comparing it to the competition. To make an analogy, every time I see a new Cadillac, I think "hey, those are nice cars." And indeed they are. But whenever I put down my hard earned cash, I always end up buying a BMW or Mercedes. I doesn't matter that Cadillacs are nice cars. I prefer what I consider something better.
South of the river is the proverbial "other side of the tracks." At that price point, people almost always go north. At least for downtown condos (maybe not Hyde Park).