DowntownBrown

The funding is in question and this guy seems to just brush it off! They need 40%? On a project that has been mismanaged from day one? HAHAHAHA! Seriously, people -- this is dead. I considered reserving a unit about a year ago when I first heard about it on this site. After meeting with these two, I came away with no faith in the project at all. Not only were they rude and unprofessional, they acted like they were doing me a favor by offering me an oppotunity to give them my money! Now I hear that the "60% sold" people are dropping like flies on their flimsy $1000 reservations and not putting up real earnest money to make the units "sold". No wonder! What's really funny to me is that all I've heard has been bad news about the developer being shady. But, I made up my mind against this thing after 20 minutes with the two buffoons in the reservation trailer. If one or the other had been respectable or at least competent, maybe this thing might have worked, based on its own momentum. With two parties being clueless, there was no chance from the beginning. Let's look at some evidence: The realators have done nothing but lie about start dates and criteria. first it was 30% reserved, then after environmental assessment, then after city permits, now after financing. Meanwhile, no progress is being made on any of these issues. sources have told me there isn't even a building contractor awarded, contrary to what the realators say. It wouldn't surprise me. We have been hearing "next month" for a year now. They are not 30%, 40% or 60% sold. How many earnest money contracts have been signed? I'd be surprised if they have funding for 5 or 6 condos, if any. The building on the site was never in play, from the beginning. Why is shmrk_twr talking about it now? It's a diversion to try to make them look competent. I assure you they are doofuses. The real estate company those guys work for is dropping them! Millions of commissions are on the line! Why would they walk away? Simple, it's not going to happen. I do hope I'm wrong. I hope there's one sliver of a chance left for this. Downtown needs a project like this. One by another team would be ideal. I wanted one of these in March of last year. I even pulled my checkbook out at one point. I'm glad I didn't write the check.

A good friend of mine is a realator representing a former buyer of this project. He told me the listing agent has even pulled out of this. For a real estate company to just drop millions of dollars worth of listings says a lot about the viability of this project. My friend has taken his business elsewhere. I hear that even people closely associated with the project are backing out on their reservations. There's no way they'll get financing for this dog. Maybe if the two sales bozos had been more professional, they could have motivated people better to put up with this nonsense, but people's patience wears thin. Put that on top of a shady developer and a "ground-floor" retail that consists of a crappy mcDonalds and nothing else and you have a big pile of nothing in the middle of downtown.