View Single Post
Old 12-17-2017, 09:54 PM   #3089
Cosakita18
Senior Member
 
Join Date: Jun 2016
Posts: 179
Re: Portland, ME - New Construction Continued

Quote:
Originally Posted by TC_zoid View Post
I know for a fact that Jim Brady holding off on that development until he knows what's happening with the oil reversal scenario. Reason is simple. His condos are directly across, and who would pay up to 1.75 million for a condo (going rate for penthouse now with the one next to the new Marriot going up) when they could spend that for an incredible home anywhere else on the coast?
Well as the article says, this lawsuit could be tied up for several years. Does that mean the entire Foreside Redevelopment is on hold?? Even the office and retail space??

It seems somewhat foolish to plan a major development around the outcome of a lawsuit in another city.
Cosakita18 is offline   Reply With Quote