Juggernaut

I haven't heard much, if anything, about this project in quite some time. The Page Parkes building has been demolished and there's evidence of some excavation work. I passed by the site yesterday and there is no equipment in sight. I recently saw an advertisement for the development stating "48% sold." Well, that's the percentage sold that was quoted over a month ago. Yes, I realize financing for the the next stage of development may not kick in until a set percentage of the units are "pre-sold." But given the way other residential high-rise projects have been going in Houston in the last couple of years, I'm not holding out much hope for this one. (Oh, if we could get developments moving like Dallas and Chicago!) Not to be pessimistic, I don't think this is going to happen. Perhaps a CVS or Walgreen's would work on that lot. Or, maybe not. I don't think that there's enough room for one of their parking lots. Cheers...