If you go by what’s reported to our MLS, two of the 17 $3 million plus units have now sold, one last May, one yesterday. I don’t want to sound skeptical, but I’m having a hard time believing that anyone would pay that kind of money for a project that is less than half-built and so far from completion. I’m not saying it couldn’t have happened, just that I’m skeptical. And why, I wonder, was yesterday’s sale never reported when it “went to contract”, according to the sales report, November 17th? That’s the kind of happy news that you’d expect to be reported immediately so as to encourage other buyers who might be holding off.
I wonder whether, like some other condo projects in the area that are dragging, the underlying loan documents require certain sale activity within a certain prescribed period. That’s what I wonder.













